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How Trump's New Bill Could Transform Bitcoin's Future Amid ...
2025-07-04 16:55:09
Blockchain
Inflation
Economy

How Trump's New Bill Could Transform Bitcoin's Future Amid Inflation Concerns

The recent passage of Trump's 'Big Beautiful Bill' is poised to significantly impact Bitcoin amidst a backdrop of increased government spending and potential inflation. Analysts share an optimistic outlook on Bitcoin's future value, despite concerns over the bill's implications for purchasing power.

Critics argue that the bill, which raises the national debt by $5 trillion, could exacerbate inflation and burden everyday Americans. In the realm of regulation, pro-crypto lawmakers, including Senator Cynthia Lummis, advocate for clearer tax guidelines for cryptocurrency transactions.

Meanwhile, the proposed Build Back Better bill seeks to exempt small crypto transactions from taxation, aiming to boost participation in the digital asset market. However, this proposal has faced skepticism regarding its practicality amid rising inflation.

As the Senate deliberates on these measures, the intersection of fiscal policy and cryptocurrency regulation remains a crucial topic in shaping the future landscape of digital currencies.

Related news on that topic:

Trump's Tax Bill Faces Bipartisan Backlash Over Debt and Welfare ... Welfare Cuts

The passage of President Donald Trump's tax and spending bill, often referred to as the "Big Beautiful Bill," marks a significant political milestone. The bill aims to extend tax cuts introduced during Trump's first term, primarily benefiting wealthy Americans, while incorporating new provisions for tax breaks on tips, overtime, and interest payments. However, it has sparked considerable debate and faced resistance from both political sides. Within the Republican Party, some members express concerns over the bill's potential to dramatically increase the national debt, with projections estimating an addition of $3.3 trillion to the deficit by 2034. The legislation also proposes cuts to social safety nets, such as Medicaid, and introduces new work requirements for Medicare recipients. Democrats have criticized the bill as disproportionately favoring the rich at the expense of social welfare programs. This criticism was echoed by Democratic leaders, who argued that the bill undermines vital services for millions of Americans. Despite these challenges, Trump is eager to see the bill become law, hoping to fulfill key campaign promises and secure a legislative victory. The bill's passage through the Senate was secured with the tie-breaking vote of Vice President JD Vance, highlighting the contentious nature of this legislative push.

Can Trump's $5 Trillion Tax Bill Survive Bipartisan Opposition?

The Senate is preparing for a crucial vote on President Trump's expansive tax-and-spend bill, following intense negotiations among Republicans. This legislation proposes significant tax cuts while also addressing funding for border security. However, it faces substantial opposition, particularly from Democrats and some Republicans who are concerned about its potential repercussions on their constituents and local businesses. The Congressional Budget Office has estimated that this bill could add $3.3 trillion to the national deficit by 2034, raising alarms about fiscal responsibility. As discussions continue, key figures, including Elon Musk, have criticized the proposal, labeling it a political misstep for the Republican Party. Senators such as Thom Tillis have raised concerns about the impact of Medicaid and food stamp cuts on lower-income Americans, pointing to the potential closure of rural hospitals as a significant threat. Amidst this backdrop, Democrats are introducing amendments aimed at protecting middle-class families from the adverse effects of billionaire tax breaks. Despite the mounting criticism, the Senate has moved forward with the bill, which has a staggering price tag of $5 trillion. As lawmakers face logistical challenges, including severe weather affecting travel to Washington, the urgency to finalize this legislation intensifies. The House is set to vote on the bill soon, with Republican leaders expressing their backing, emphasizing the need for border security funding and addressing concerns about new debt and cuts to healthcare programs. The outcome will have significant implications for the American economy and the social safety net.

Read 8 more recent news on this topic

The press radar on this topic:

Cointelegraph.com News
4. Juli 2025 um 13:15

Bitcoin to benefit from Trump’s ‘Big Beautiful Bill,’ analysts predict

This article discusses Trump's 'Big Beautiful Bill' and its potential impact on Bitcoin. The bill, which passed Congress, may benefit Bitcoin due to increased government spending and money printing. However, critics argue that the bill will lead to inflation and a decline in purchasing power. Despite these concerns, market observers are optimistic about the effects of the bill on Bitcoin's price. Meanwhile, pro-crypto lawmakers are pushing for regulations, including Senator Cynthia Lummis' solo..
The Street
7. Juli 2025 um 02:07

Wall Street could see big moves with Trump’s new bill

Senate Republicans are advancing a tax package to extend Trump-era tax cuts, using a controversial accounting method that waives the $3.8 trillion cost estimate. The bill includes provisions for cryptocurrency taxation, foreign investor protection, and clarification on crypto loans. Analysts believe the bill could have significant positive consequences for financial markets and push Bitcoin to the forefront, with some viewing it as a response to accelerating deficits and aggressive fiscal poli..
Al Jazeera
4. Juli 2025 um 12:32

When will Trump’s ‘Big Beautiful Bill’ take effect? Here’s what comes next

Donald Trump's "One Big Beautiful Bill" combines permanent top-tier wealth-boosting tax breaks with defence and border security hikes, raising the debt ceiling by $5 trillion. The bill erodes healthcare for poor people, increasing the deficit by $3 trillion, and Republicans plan to scale back Medicaid and SNAP programmes. Hakeem Jeffries warns that the bill hurts everyday Americans and rewards billionaires with massive tax breaks, while Elon Musk opposes it due to potential debt burden. Interest..
The Street
7. Juli 2025 um 02:07

Das Build Back Better-Gesetz könnte die Steuer auf kleine Krypto-Zahlungen fallen lassen

Das Build Back Better-Gesetz könnte kleine Krypto-Transaktionen von der Besteuerung ausnehmen, wobei Befürworter für einen Steuerfreibetrag auf Käufe unter 600 US-Dollar plädieren. Dieser Schritt zielt darauf ab, die Teilnahme an der aufstrebenden Anlageklasse zu erhöhen, aber Kritiker hinterfragen den vorgeschlagenen Schwellenwert von 600 US-Dollar und dessen mögliche Erosion aufgrund der Inflation. Der Senat soll über Änderungsanträge zum Gesetz abstimmen, bevor der Befreiungsvorschlag verab..
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