No crypto wins in Trump’s ‘big beautiful bill,’ but market eyes liquidity boost

Although Trump’s budget has solved any crypto problem, the liquidity boost could always be a boon for cryptographic assets.

“Big Beautiful Bill” could still stimulate the cryptography markets, despite the lack of provisions related to the crypto. Thursday June 3, theUS House has passed Resolution 1 of the Chamber, the bill on the historic budget supported by President Donald Trump.

The massive budget, which widens tax reductions and reduces the advantages, adopted with a close vote of 218-214, with only two republican dissidents: Thomas Massie, fiscally conservative, Kentucky and the republican anti-Trump Brian Fitzpatrick. Massie has opposed that the bill would add considerably to the American deficit.

Despite the radical tax changes, the application of immigration and rights like Medicaid, the mass budget had no provision linked to the crypto. It is Despite the efforts By the Senator Pro-Crypto Cynthia Lummis, who proposed several amendments linked to the crypto.

These changes included changes in taxes on mining and implementation of income, a crucial concern for industry. However, these modifications were not adopted ultimately, leaving the decision on these issues for subsequent bills. In particular, the same day that the budget bill was adopted, Lummis presented A new invoice specifically on cryptographic taxation.

Bitcoin after Trump’s record

Although the cryptographic industry can be disappointed by the absence of direct legislative gains, the market has responded positively. Bitcoin (BTC) Exchanged near the level of $ 110,000, up 0.24% in the last 24 hours, while the overall market capitalization of cryptography increased by 0.3%.

The positive reaction probably stems from the expected stimulating effect of the budget. Economists provide that the new tax package could add Between 3 dollars And 4 dollars of US national debt over the next decade, due to a combination of lower taxes and increased expenses.

This increase in deficit expenditure should inject liquidity into the financial system, a development that generally increases cryptographic actions and assets. Although the bill itself does not deal with digital assets, its potential for stimulating liquidity has already started to influence the feeling of the market.