President Trump signed the “One Big, Beautiful Bill,” a sweeping law that delivers the largest middle‑class tax cut in U.S. history while reshaping federal spending with significant policy shifts.
At its core, the bill enacts $4.5 trillion in tax cuts—including permanent extension of the 2017 brackets and new relief for tip earners and overtime pay—backed by unanimous Republican support.
•It boosts defense spending by $158 billion and allocates $160 billion to enforce immigration rules, including funding for the border wall and new work requirements for able‑bodied adults without dependents. To offset costs, the legislation cuts $1 trillion from safety‑net programs: Medicaid restrictions and SNAP work mandates will take effect, and 12 million more people could lose health coverage by 2034, according to nonpartisan analysts.
•Key features also include raising the SALT deduction cap from $10,000 to $40,000 (for five years), introducing a temporary Social Security tax deduction for seniors, rolling back green‑energy tax credits, and expanding small‑business expense write‑offs to help farmers and rural Americans.
•While the bill promises relief for many, critics warn it favors the wealthy and may widen budget deficits by $3 trillion over ten years. Its long‑term impact on economic growth, healthcare access, and energy policy will be closely watched.
How it affects crypto Market:
•The “One Big, Beautiful Bill” doesn’t single out crypto—but its broader tax, spending and regulatory shifts will ripple into digital assets:
•Lower tax rates & higher deductions leave more take‑home pay for retail investors to allocate.
•Expanded SALT cap relief can free state‑tax‑heavy investors to diversify into higher‑risk assets like tokens.
•Pressure on federal deficits (an extra $3 trillion over ten years) could keep rates lower for longer—fueling “risk‑on” markets where crypto tends to outperform.
•Rollback of green‑energy credits may slow some blockchain projects moving to renewables, but encourages miners/sectors in low‑cost power regions.
•Stricter work requirements & social‑safety cuts could spur those affected to seek high‑return opportunities—potentially driving fresh retail interest in speculative crypto trades.
In short, by boosting disposable income and sustaining a low‑rate, high‑liquidity environment, the bill indirectly creates a fertile backdrop for crypto demand—while shifting miners’ energy‑cost calculus.
