The Passage of the Big and Beautiful Act: The Printing Press Roars as US Crypto Assets Face Key Opportunities
Recently, the U.S. Congress passed a massive fiscal stimulus plan known as the 'Big and Beautiful Act' (OBBB). This act brings large-scale tax cuts and social welfare reductions, with an expected increase of $3.3 trillion in federal debt over the next decade. To fill the enormous debt, the U.S. will increase its money issuance, pushing for a depreciation of the dollar.
This is a significant positive signal for crypto assets, especially Bitcoin. The scarcity and anti-inflation properties of Bitcoin make it an ideal asset to hedge against the depreciation of the dollar and excessive currency issuance. Industry leaders Michael Saylor and Arthur Hayes are optimistic about this fiscal stimulus, viewing it as a 'catalyst' for driving a crypto bull market.
At the same time, the U.S. is rapidly advancing digital asset regulatory reforms:
The 'GENIUS Act' establishes a federal regulatory framework for payment stablecoins, ensuring fund security and promoting compliant development of stablecoins;
The 'Digital Asset Market Clarity Act' (CLARITY Act) clarifies the regulatory jurisdiction of digital assets, reducing legal risks for institutional entry;
The 'Anti-CBDC Surveillance National Act' prohibits the issuance of retail central bank digital currencies, emphasizing the construction of a private, decentralized financial system.
These regulations together build a 'regulatory moat' for the U.S. digital asset ecosystem, attracting global capital and talent, and consolidating the U.S.'s leadership position in the global crypto finance field.
On-chain data shows that despite increased market volatility, long-term holders maintain strong confidence, and the bull market structure remains solid. At the corporate level, Bitcoin and Ethereum are increasingly being adopted as strategic reserve assets by listed companies, creating a new chapter in 'Corporate Balance Sheet 2.0'.
In summary, the U.S. has opened a golden era of structural growth for crypto assets through the 'dual benefits' of fiscal and regulatory measures. Cryptocurrency investors should closely monitor macro policies and regulatory dynamics to seize the investment opportunities brought by this 'American Crypto Moment'.
