🚨 Trump Signs Bill, Raises U.S. Debt by $5 Trillion 🚨
Date: July 5, 2025
Key Highlights:
🇺🇸 U.S. debt ceiling raised by $5 trillion
📜 Bill titled "One Big Beautiful Bill (OBBB)"
💸 Permanent tax cuts introduced, costing an estimated $4.5 trillion by 2034
🏛️ Strong opposition from House Democratic Leader Hakeem Jeffries, who staged a filibuster
🤝 Backed by Senate & House GOP leaders
🧾 Developed with input from the Senate Finance Committee
Trump’s Statement:
> “One Big Beautiful Bill is big and beautiful, delivering massive tax cuts and deregulation for the American people.” — Donald J. Trump, President, United States
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💼 Market & Crypto Impact:
📉 No immediate effects on crypto markets
🔍 No unusual activity on major blockchains (e.g., Bitcoin, Ethereum)
📊 Analysts note fiscal uncertainty could drive future interest in digital assets as an inflation hedge
🧠 Experts from Mercatus caution that crypto impact is speculative unless further government policy changes emerge
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📌 Summary:
The bill marks a major shift in U.S. fiscal policy, expanding borrowing capacity while introducing long-term tax relief. Though crypto markets remain calm, the potential for increased demand amid rising debt and inflation fears could emerge over time. Investors are advised to stay alert to policy changes that may ripple across risk assets.
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💬 What do you think about this massive debt increase? Could it drive more people toward crypto?