Senate Passes Trump’s ‘Big, Beautiful Bill’

Bitcoin

In a major legislative win for President Donald Trump, the U.S. Senate passed the much-anticipated “Big, Beautiful Bill” late Monday night after a marathon voting session.

But beyond its tax cuts and political drama, the bill could carry significant implications for Bitcoin and the wider cryptocurrency sector.

GOP Pushes Bill Forward With VP Vance’s Tie-Breaker

With Vice President JD Vance casting the tie-breaking vote, the Senate advanced the bill by the slimmest of margins. Only three Republicans—Rand Paul, Thom Tillis, and Susan Collins—broke ranks, while no Democrats supported the package. The legislation now returns to the House, where conservative and centrist Republicans remain divided over spending and healthcare cuts.

Despite those hurdles, Republican leaders say they’re confident the bill will land on President Trump’s desk by July 4.

What’s in the Bill—and Why It Matters for Bitcoin

The legislation includes a range of sweeping tax reforms:

No federal taxes on tips and overtime
Elimination of taxes on Social Security income for seniors
Expanded deductions for small businesses and entrepreneurs

For Bitcoin and crypto investors, the broader implications lie in increased consumer spending, favorable tax optics, and growing Republican support for digital assets.

Trump has recently made crypto a campaign talking point, pledging to defend self-custody, oppose central bank digital currencies (CBDCs), and promote American Bitcoin mining. If this bill becomes law, it could reinforce those positions by aligning pro-growth, pro-innovation tax policies with a friendlier regulatory tone for digital assets.

Market Eyes Fiscal Impact and Risk Assets

Crypto markets tend to respond to major fiscal shifts—especially when tied to liquidity or risk-on sentiment. The “Big, Beautiful Bill” could inject more disposable income into households, increasing speculative appetite and retail trading. That could benefit Bitcoin, especially as its correlation with macro cycles tightens in 2025.

However, some analysts caution that without matching spending cuts, the bill could widen the federal deficit, eventually pressuring Treasury yields and impacting risk assets like crypto.

Crypto Advocates Watching the House

Several crypto-friendly provisions, including Sen. Cynthia Lummis’ amendment to reform mining and staking taxation, were proposed for inclusion. Although they didn’t make it into the Senate version, advocates are still pushing for their addition in the House.

“We need clarity and fairness in how crypto is taxed,” Lummis said earlier this week. “This is about making America the Bitcoin and blockchain superpower.”

Conclusion

With the Senate’s approval of Trump’s economic package, the path is clear for potential shifts in how America handles both traditional finance and emerging digital assets. As the House takes its turn, the crypto industry will be watching closely—not just for regulatory reform, but for broader economic signals that could shape the next phase of Bitcoin’s cycle.

Author

Kosta Gushterov

Reporter at Coindoo

Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.