Former US President Donald Trump’s “One Big Beautiful Bill” (a large and beautiful draft) proposal has recently caused serious debate in the crypto world of currency. Trump’s proposal led to the emergence of various discussions, while Elon Musk, the richest person in the world, expressed his criticism of Congress. The potential effects of the law on crypto currency markets are discussed by experts and sector representatives.
Effect on Crypto Coins
The content and way of implementation of the draft law, especially Bitcoin $105,658.08 And it is important for the future of other crypto beings. Coinbase CEO Brian Armstrong argued that the bill could be a strong rise for Bitcoin. Armstrong said such arrangements can have a positive impact on crypto markets. Some sector representatives draw attention to the potential risks of the law.
“I think this bill will pave the way for the rise for Bitcoin.”
The impact of this bill, which focuses on taxes, on crypto currencies will be indirect. The lower income group who pays less to the state is expected to provide liquidity support to the crypto in direct proportion to the increase in the potential of budget to allocate to risk assets. This is the basic reason for being seen positive. For example, there was something that turned into a slogan during the election period. Trump said we will not receive taxes from tip. This law will have consequences in favor of the lower income group in spending and revenues such as tips, overtime, vehicle loans.
US Congress
The US Congress continues to discuss new regulations on crypto beings. With the reflection of the “One Big Beautiful Bill” proposal to the public, the volatility has increased in the crypto currency market, but that’s not the only reason.
In addition, both the Senate and the House of Representatives continue to work on 2 different crypto bills. Crypto money defenders are united in the opinion that regulations will bring clarity and transparency to the market. On the other hand, opponents of the law express the idea that excessive regulations may be an obstacle to innovation. The Democrats focus on crypto currencies on the risks of the creation of such freedom and legal ground, while Trump draws attention to the interests of being intimate with crypto.
In crypto currency markets, assessments on Trump’s draft law are quite diverse. Some experts state that arrangements may reduce uncertainty and increase transparency, while others argue that they may restrict innovation. For investors, it is recommended to closely monitor the uncertainties and possible opportunities in the market. The effect of regulatory developments on crypto markets can be seen more clearly over time.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
