#OneBigBeautifulBill – Snapshot

**What’s Happening:**

The “One Big Beautiful Bill Act” (OBBBA) has passed Congress and is on track for a July 4 signature—this sweeping legislation increases the U.S. debt ceiling by $5 trillion and extends Trump-era tax cuts .

Crypto Implications:

Inflation & Fed Policy: The surge in government spending may boost inflation and prompt potential rate cuts—creating a risk-on environment that could benefit Bitcoin as an inflation hedge .

Tax Relief for Small Transactions: A proposed amendment by Sen. Cynthia Lummis could exempt crypto payments under $600 (up to $5K/year) from tax—making on-chain spending simpler .

Crypto-Friendly Momentum: The bill opens the door for clearer regulations and could invigorate broader crypto adoption in payments, DeFi, and everyday transactions .

Market Reaction:

Bitcoin rallied after House approval, spiking from ~$108.6K to ~$110.5K .

Investors see this as a return to 2020-style bullish liquidity conditions (“trillions = opportunity”) .

---

🧠 Final Take

#OneBigBeautifulBill signals a major shift in U.S. fiscal policy—with ripple effects across markets. Expect:

Bitcoin upside on inflation and Fed moves

Simpler crypto spending, if Lummis’ de minimis rule passes

Increased momentum for mainstream crypto use.