Trump's "Big and Beautiful Act" passed the House vote, but did not include any provisions related to Crypto Assets.

On July 3rd, local time, the U.S. House of Representatives passed the House Resolution No. 1 of the "Big and Beautiful" budget proposal put forward by President Trump with a narrow margin (218 votes to 214 votes).

Only two Republican lawmakers voted against the resolution (Thomas Massie from Kentucky and anti-Trump Brian Fitzpatrick), citing concerns that the bill would significantly increase the U.S. government's fiscal deficit.

It is worth noting that although the budget bill has made significant reforms in areas such as taxation, immigration enforcement, and Medicaid benefits, it does not address the provisions related to the mining and staking tax amendments that the Crypto Assets industry is concerned about.

At the same time, on the day the bill was passed by the House, Senator Cynthia Lummis, a supporter of Crypto Assets, proposed several amendments friendly to Crypto Assets (involving mining and staking income tax reform, the progress of which and its potential impact on the Crypto Assets industry will be closely monitored by the industry.

Despite the lack of direct benefits from the "Big and Beautiful" bill, the Crypto Assets market has responded relatively positively. BTC prices have been attempting to break through $110,000 in the past two days, and the overall market value of Crypto Assets has also seen a slight increase. This positive market reaction may stem from the anticipated stimulation effect brought by the bill.

Some economists predict that the tax cuts and increased spending measures in the bill will cause the U.S. national debt to surge by $3 to $4 trillion over the next decade, injecting more liquidity into the financial system. This anticipated fiscal expansion policy usually has a positive effect on asset classes such as the stock market and Crypto Assets.

In addition, the increase in liquidity may reduce borrowing costs, making it easier for businesses and individuals to access funds, which could stimulate economic growth and investment activities, including investments in the Crypto Assets sector.

Therefore, although the bill passed this time does not itself involve provisions related to digital assets, the market seems to pay more attention to the potential macro liquidity changes it could bring.

Due to the potential impact of macroeconomic policies, they can sometimes affect the overall price trends of the market more rapidly than legislative developments within the industry.

#特朗普 # Great American Act #加密货币 # market reaction