Trump’s ‘Big Beautiful Bill’ Leaves Crypto Out, But the Market’s Loving the Liquidity!

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Ah, the “Big Beautiful Bill” – as charming as a freshly ironed suit at a summer wedding – might not have been the crypto bonanza we all secretly hoped for. But fear not, dear crypto enthusiasts, for even in its crypto-free state, this piece of legislative art could still help put a little extra coin in the digital wallet.

So, it turns out that while Trump’s budget didn’t throw a single bone to the crypto crowd, the liquidity boost it promises might just send the market into fits of joy. On Thursday, June 3, the U.S. House, in what can only be described as a vote as narrow as a pin’s head, passed House Resolution 1 – a budget bill of such monumental size, one might expect it to come with its own zip code.

It sailed through with a 218–214 vote, with only two brave Republicans casting a rebellious glance at the bill: the ever-conservative Thomas Massie of Kentucky and Brian Fitzpatrick, the anti-Trump dissenter. Massie, ever the financial watchdog, balked at the thought of this monstrosity further bloating the U.S. deficit.

Now, let’s talk about the bill itself. It’s brimming with tax cuts (for some), benefit reductions (for others), and sweeping reforms to everything from immigration to Medicaid. However, not a word about crypto. Not even a whisper! Despite Senator Cynthia Lummis, the crypto-loving crusader, trying to sneak in some amendments (bless her heart), the bill emerged as cold as a winter’s morning to the crypto crowd.

Her amendments included some rather sensible proposals, like tweaking taxes on mining and staking income, but alas, they didn’t make the cut. So, we’re left to wait for the next chapter in this legislative saga. On the very same day, Lummis introduced a crypto-specific bill – a hopeful glimmer of light in an otherwise dim, crypto-less budget.

Bitcoin Rises Like a Phoenix After Trump’s Budget Passes

And yet, despite all the snubs, Bitcoin, ever the optimist, rose from the ashes. Trading near the $110,000 mark, Bitcoin went up by a solid 0.24% in the past 24 hours, with the overall crypto market cap rising by 0.3%. Seems like a tiny bump, but don’t underestimate the power of liquidity, folks.

What’s behind the positivity, you ask? Well, economists are salivating at the prospect of this budget injecting a whopping $3 to $4 trillion into the U.S. national debt over the next decade – thank you, lower taxes and higher spending. This will surely do wonders for liquidity, which, in turn, gives a nice little shove to equities and, you guessed it, crypto assets. While the bill didn’t directly address digital currencies, its liquidity potential has been enough to put a little spring in the market’s step.

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2025-07-03 23:22