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Trump Signs Big Beautiful Bill Into Law on Independence Day

1 min
Updated by Mohammad Shahid
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In Brief

  • Trump signed the $3.3 trillion Big Beautiful Bill into law on July 4, raising the U.S. debt ceiling by $5 trillion.
  • The bill includes sweeping tax cuts and major spending reductions, with a projected $3.3 trillion deficit increase over 10 years.
  • Crypto markets briefly reacts, with Bitcoin rising above $108,000 as investors brace for inflation and potential shift toward digital assets.
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President Donald Trump signed the $3.3 trillion “One Big Beautiful Bill” into law on July 4 during a White House ceremony celebrating US Independence Day.

The bill, passed narrowly by both chambers, brings sweeping tax cuts, deep spending changes, and the largest debt ceiling increase in US history—up by $5 trillion.

What are the Crypto Implications of Trump’s Big Beautiful Bill?

It permanently extends key Trump-era tax cuts, introduces new deductions for tips, overtime, and auto loan interest, and expands the SALT cap for middle-income families.

At the same time, it imposes aggressive cuts to Medicaid, food assistance programs, and student loan subsidies. The Congressional Budget Office projects a $3.3 trillion deficit increase over the next decade.

Trump Signs Big Beautiful Bill Into Law

Crypto markets are watching closely.

Analysts warn that the massive new debt load could weaken the US dollar and drive investors toward non-sovereign assets like Bitcoin. The inflationary implications of this spending package may accelerate crypto demand.

Bitcoin price climbed above $108,000 shortly after the bill’s signing. 

Still, investor caution remains. The Federal Reserve’s policy response to surging debt levels could affect the sustainability of crypto’s rally.

For now, Trump’s legislative victory sets the tone for a new fiscal era—one that could serve as a structural tailwind for digital assets in the months ahead.

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Mohammad Shahid
Mohammad Shahid is an experienced crypto journalist with a specialization in blockchain security. He covers a wide range of topics spanning everything from Web3 to retail crypto. As an experienced freelance journalist, he has worked on campaigns for several tier-1 exchanges, such as Bitget, and startups, including RankFi and HAQQ. Mohammad comes from an extensive technical background, with a master’s degree in Cyber Security Analysis from Macquarie University, where he majored in...
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