#OneBigBeautifulBill On July 3, the U.S. Congress enacted the One Big Beautiful Bill. President Donald Trump's bill offers little to the cryptocurrency industry but could still benefit Bitcoin.

Trump's budget proposal was passed late on July 3 strictly along party lines; only two Republicans voted against the controversial bill, which will significantly increase the U.S. government's borrowing capacity. It has drawn significant criticism from Democrats and even from current and former allies of Trump, such as Tesla CEO Elon Musk.

Notably absent from the bill were proposed amendments to the cryptocurrency tax code. As the bill moved through the Senate, lawmakers attempted to add a number of provisions related to cryptocurrencies but were unsuccessful.