Trump Pushes Budget Resolution Amid Stock, Crypto Market Surge – Coincu

Donald Trump urged the U.S. House to approve a budget resolution on April 10, framing it as history’s largest tax cut and regulatory rollback.

These legislative actions could reshape markets, as shown by immediate stock market gains and cryptocurrency movements.

$4 Trillion Stock Surge as Bitcoin Hits New Highs

President Donald Trump is pushing the House of Representatives to pass a key budget resolution, which he declares includes the largest tax cut in history. “There is no better time than now to get this Deal DONE!” Trump stated. This step is crucial as the 2017 tax cuts near expiration, with the Republican leadership, led by Speaker Mike Johnson, working to secure enough support despite some internal disagreements.

The immediate implications include potential enhancements in spending cuts, which might surpass $1 trillion, coupled with the proposed tax reductions. This dual approach aims to bolster economic activity by making the 2017 tax measures permanent, amidst debates on fiscal responsibility within the party.

Market reactions have been strong, with notable assets like Bitcoin surging above $82,000. The stock market’s value increased by around $4 trillion following a suspension of certain tariffs, reflecting market confidence in the fiscal policies advocated by Trump. These developments coincide with active participation seen in the cryptocurrency domain, notably in tokens such as 1INCH.

Historical Tax Cuts Echo in Today’s Market Dynamics

Did you know? The tax cuts proposed are reminiscent of the 2017 Tax Cuts and Jobs Act that faced similar intra-party challenges yet brought substantial market shifts, underlining the historic impact such fiscal policies can have on both national and global economic dynamics.

The price of Moca Network’s MOCA recently hit $0.07 with a market cap at approximately $157.30 million, reflecting a trading volume increase by 6.98% [CoinMarketCap, April 10, 2025]. Notable price changes include a 1.71% rise over 24 hours and a decrease by 8.14% over the past week, showcasing market volatility.

Insights from industry experts suggest these economic policies might cause shifts in regulatory strategies and technological investments, affecting both traditional and crypto markets. Arthur Hayes, CEO of BitMEX, emphasized that “the implications of both fiscal policies and market behaviors in light of ongoing regulatory scrutiny cannot be ignored.” The inclusion of Ethereum spot ETFs by the SEC signifies possible easing of regulatory constraints, which could encourage further growth across financial platforms.