#Trump’s Tax Reform#

The U.S. Senate just took a big step forward by advancing Trump’s major tax and spending bill.
This bill is mainly focused on cutting taxes and increasing the defense budget.
With a 51-49 vote, it's now much more likely to become law in the comin

If the bill passes, many Americans and businesses may pay less in taxes.
That means more money left in people’s pockets. Some of that extra cash could find its way into riskier investments including cryptocurrencies like Bitcoin Ethereum, and others.

Lower taxes might also make investing in crypto more attractive.
If capital gains taxes are reduced, more investors could be willing to take profits from crypto without worrying as much about the tax bill.
This could lead to more trading volume and price volatility often good for active traders.

On the flip side, increased defense and immigration spending could raise concerns about national debt and inflation in the long term. If inflation fears rise again, Bitcoin could benefit as a hedge, just like it did during previous inflation scares.

While tax cuts are good for market sentiment, the bill doesn’t directly change crypto regulations.
So the impact will depend on how regulators respond. If the government stays neutral or supportive, this bill could create a more favorable environment for digital assets.

Market reaction to Senate debates and final voting
Comments from the Fed and Treasury on inflation and spending
Changes to capital gains tax that affect crypto
Shifts in investor sentiment especially in altcoins and DeFi

This bill is mostly about traditional finance and the economy, but the indirect effects on crypto could be quite positive. More money flowing into the markets, stronger investment appetite, and renewed inflation concerns could all boost crypto prices especially Bitcoin and large-cap altcoins.