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Trump Signs $3.3 Trillion “Big Beautiful Bill” on Independence Day
President Donald Trump made it official on July 4—signing the sprawling $3.3 trillion “One Big Beautiful Bill” into law during a White House ceremony. The timing, right on Independence Day, felt deliberate. Maybe a little theatrical. But then again, that’s hardly surprising.
The bill barely squeaked through both chambers, and it’s easy to see why. It’s a mixed bag—permanent extensions of those Trump-era tax cuts, new deductions for tips and auto loan interest, and a higher SALT cap for middle earners. On the flip side, it slashes Medicaid, food assistance, and student loan subsidies. The Congressional Budget Office isn’t mincing words: they’re projecting a $3.3 trillion deficit spike over the next ten years.
What This Means for Crypto
Almost immediately, Bitcoin jumped past $108,000. Not a coincidence, according to some analysts. When you dump this much debt into the system, the dollar’s strength comes into question. And when that happens, people start looking at alternatives—things like Bitcoin, which doesn’t answer to any government.
But it’s not all straightforward. The Fed’s next moves could throw a wrench in things. If they hike rates aggressively to counter inflation, crypto’s rally might hit a wall. For now, though, the mood is cautiously optimistic.
The Bigger Picture
This bill isn’t just about taxes or spending—it’s a signal. A $5 trillion debt ceiling increase doesn’t happen quietly. It suggests a willingness to spend, borrow, and maybe even inflate. And if history’s any guide, that tends to push people toward assets they see as “safe” from government meddling.
Still, it’s early. Markets have a way of overreacting before settling into reality. The real test will be how the Fed and Treasury handle the fallout.
One thing’s clear: Trump’s bill sets the stage for a fiscal experiment unlike anything we’ve seen in years. Whether that’s good or bad depends on who you ask. But for crypto? It might just be the wind at its back.