No crypto wins in Trump’s ‘big beautiful bill,’ but market eyes liquidity boost
2025-07-03 20:34:58
Main Idea
The U.S. House passed President Trump's budget bill without addressing crypto, but the market responded positively with Bitcoin rising slightly.
Key Points
1. The U.S. House passed House Resolution 1, a budget bill backed by President Trump, with a narrow 218–214 vote.
2. The bill did not include any crypto-related provisions, leaving such decisions for later legislation.
3. Bitcoin (BTC) traded near $110,000, up 0.24% over 24 hours, showing a positive market response despite no direct crypto measures.
4. Pro-crypto Senator Cynthia Lummis introduced a new bill on the same day the budget passed.
5. Economists project the fiscal package could add between $3 trillion to the deficit due to lower taxes and increased spending.
Description
While Trump’s budget did not tackle any crypto issues, the liquidity boost might still be a boon for crypto assets. “Big Beautiful Bill” may still boost crypto markets, despite lacking any crypto-related provisions. On Thursday, June 3, the U.S. House passed House Resolution 1, the landmark budget bill backed by President Donald Trump. The massive budget, which expands tax cuts and reduces benefits, passed with a narrow 218–214 vote, with just two Republican dissenters: fiscally conservative Tho...
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