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Trump officially signed the "Big Beautiful Bill" into law on Independence Day.
President Donald Trump officially signed the "Big Beautiful Bill" worth 3.3 trillion USD on July 4 during a ceremony at the White House, on the occasion of the celebration of Independence Day of the United States.
The bill was passed by both chambers with a narrow margin, bringing comprehensive tax cuts, significant changes in spending, and the largest debt ceiling increase in U.S. history—an additional 5 trillion USD.
What does Big Beautiful Bill mean for cryptocurrency?
This new law will permanently extend significant tax cuts from the Trump era, while introducing new deductions for tips, overtime, and auto loan interest, as well as expanding the SALT ( state and local tax) cap for middle-income families.
However, the law also imposes significant cuts to Medicaid, food assistance programs, and student loan subsidies. The Congressional Budget Office forecasts that the budget deficit will increase by an additional 3.3 trillion USD over the next decade.
The cryptocurrency market is currently closely monitoring this development.
Analysts warn that the new massive debt burden could weaken the US dollar, leading investors to shift towards non-sovereign assets like Bitcoin. The inflationary impacts from this spending package are likely to boost demand for crypto.
The price of Bitcoin has risen back to 108,000 USD right after the bill was signed.
Currently, Trump's legislative victory is shaping a new financial era—a era that could create structural momentum for digital assets in the coming months.
Mr. Teacher