Trump’s “Big Beout Beautiful Bill” passes: how it affects cryptography, markets and the next political movement of Elon Musk
In a historical political development, the United States Congress has approved the so weakened “Great Beautiful Law”, with President Donald Trump ready to sign it on July 4 at 5 PM ET, according to Kobeissi’s letter. The bill, which includes radical tax cuts, increases in defense expenses and border security improvements, approved the house by a narrow margin of 218–214 after an intense debate and political disputes in Capitol Hill.
The legislation, officially entitled Big Beautiful Bill, permanently reduces taxes on tips, overtime and social security benefits, with the aim of stimulating business investment and rewarding workers throughout the country. Assigns $ 150 billion to the US Army. UU. And $ 150 billion additional to border security initiatives, complying with key promises of Trump’s 2024 campaign.
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However, these measures come with important tax consequences. The bill is expected to add approximately $ 3.3 billion to the national deficit during the next decade, which caused criticisms of the Democrats and some fiscally conservative Republicans. The representative Hakeem Jeffries described the bill as “unfair and harmful to low -income Americans”, highlighting the cuts proposed to Medicaid, food assistance programs and clean energy incentives.
In particular, several Republicans, including Thomas Massie and Brian Fitzpatrick, voted against the bill, citing concerns about the impact of the deficit, while representative Chip Roy revoked his previous position to support the bill in the final vote. The narrow passage reflects the deep divisions in Congress on the economic direction of the country.
Opportunity and risk of cryptographic eyes of the industry
For the cryptocurrency sector, the approval of the large bill presents a complex scenario. On the one hand, the tax cuts of the bill for corporations and transfer companies could significantly benefit the new Blockchain companies, mining cryptography companies and Fintech companies operating in the digital asset space. The reduction of corporate tax liabilities can allow companies to assign more resources towards research, development and scale operations, strengthening the national cryptocurrency industry.
In addition, high -level institutional investors and investors can find additional capital due to lower taxes, some of which could flow towards cryptography markets. The measure is aligned with the previous statements of Trump that support US innovation and the reduction of regulatory barriers for companies.
On the other hand, the cuts of the invoice to health programs and food assistance could reduce the available income for low and medium income Americans, which potentially decreases retail participation in cryptography markets. In addition, the projected increase in the federal deficit can lead to higher interest rates, since the government seeks to finance its debt, creating winds against risk assets such as Bitcoin and Ethereum in the medium and long term.
“This is a mixed bag for crypto,” said Blockchain Rachel Lin policy analyst Coinpolly Watch. “While liquidity will improve for some investors and companies, macroeconomic pressures due to the deficit could introduce the volatility that affects the crypto growth path.”
Immediate cryptography market response: optimism, but caution
After the approval of the bill, cryptographic markets experienced a modest but remarkable rally. Global cryptocurrency market capitalization increased 0.37% to $ 3.37 billion. Bitcoin quoted at $ 109,165.07, marking an increase of 0.1%, while Ethereum increased 0.4% to $ 2,579.57.
Even Trump’s official memecoin (Trump) saw profits, increasing by 0.11% to operate at $ 8.85, reflecting renewed retail enthusiasm driven by political optimism.
Optimism is ahead of the “Crypto Week” scheduled in Congress as of July 14, 2025. During this period, legislators will deliberate on the key law projects related to cryptocurrencies, including the law of clarity, the law of genius and the State Law of Anti-CBDC surveillance, which could significantly shape the regulatory environment of digital assignments in the United States.
“These next weeks will be fundamental,” said the cryptographic economist Daniel Hu. “Big Beautiful Bill has provided a short -term impulse of confidence, but investors are closely observing how Congress will manage regulatory clarity and privacy protections for digital assets during the week of crypto.”
Elon Musk’s silence feeds speculation about political ambitions
Elon Musk, who previously labeled the legislation as the “great draft ugly law” due to its expense provisions, remained unusually silent after the final passage of the bill. However, speculation is growing that Musk can be positioning for a significant political movement, potentially taking advantage of the public discourse surrounding the bill.
Recent surveys indicate that 40% of voters would support a new political party formed by Musk, tentatively called the “America party.” Musk recently hinted at such ambitions, publishing in X, “time for a new political party that really cares about people.” Quantus Insights data show a growing support for the possible entry of Musk into politics, with prediction markets in the polymer that assigns a 42% probability that Musk announce a political movement before December 31, 2025.
While Musk’s exact intentions remain clear, their influence on technology and cryptographic sectors makes their political positioning significant for markets. A political movement led by musk could prioritize friendly policies with cryptography, privacy and technological innovation, attracting younger voters and the cryptographic community.
Broader economic implications of the great beautiful bill
Beyond cryptography, the impact of the bill on the economy of the United States will be monitored closely. Supporters argue that tax cuts will stimulate economic growth, increase payment to take home for workers and attract commercial investments to the United States. The highest border security and security expense is expected to create jobs within the defense and infrastructure sectors, which further increases economic activity.
However, critics warn that the projected increase of $ 3.3 billion in the deficit could undermine the long -term fiscal stability. Higher loan costs can eliminate private investment, and potential increases in interest rates by the Federal Reserve to manage inflation could cushion economic impulse.
“The question is not whether this bill will stimulate the short -term economy, it will probably do,” said the Linda Warren financial strategist. “The real concern is whether the economic growth it generates will be sufficient to compensate for the substantial increase in government debt.”
The way ahead for crypto and politics
As the dust sits, the cryptographic industry will need to navigate the opportunities and risks presented by the Big Big Beautiful Bill. The institutional interest in digital assets can grow as corporations and high -level network investors take advantage of tax exemptions, while next week of crypt in Congress could provide clarity on critical issues such as Stablecoin regulations, decentralized finance frameworks and privacy rights in blockchain transactions.
“Crypto is no longer a marginal investment; it is becoming an integral part of the US financial system,” said cryptographic policy advisor Michael Lee. “How Congress and the White House continue in the coming months will determine how effectively the United States can take advantage of Blockchain while managing economic risks.”
Conclusion: A crucial moment for cryptography and politics
The approval of Big Beautiful Bill represents a historical moment in American politics, with immediate reverberations in financial markets, including cryptography. While it can provide tail winds for cryptographic investment between richer Americans and institutions, the challenges remain for everyday investors in the midst of possible economic adjustments.
Simultaneously, the political landscape can change dramatically if Elon Musk advances with his rumored America party, bringing a new dimension to political debates that could shape the next decade.
For now, cryptographic markets are experiencing a cautious optimism, but the true test will occur when the United States sails the long -term economic impact of the bill and legislators discuss regulatory frameworks for digital assets.
The great bill has passed. What comes next will shape the future of finance, technology and politics in the United States, and the cryptographic industry will be observing closely.
Writer
@Ellena
Ellena is an experienced cryptographic writer who loves to explore the intersection of blockchain technology and financial markets. She regularly provides information about the latest trends and innovations in the currency space.
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