Elon Musk Criticizes U.S. Bill Amid White House Response – Coincu

Elon Musk recently denounced the “One Big Beautiful Bill,” sparking a response from the White House.

Although Musk’s critique drew attention, there was no immediate effect on crypto markets or policies.

Musk’s Critical View on U.S. Spending Bill

Elon Musk has openly criticized the “One Big Beautiful Bill,” claiming it is filled with excessive spending. He described it as a “disgusting abomination” and urged those involved to reconsider its implications. White House Press Secretary Karoline Leavitt responded, noting that Musk’s stance differs from his previous support for the bill.

No immediate changes have arisen as a result of Musk’s statements, and crypto markets remain largely stable. Despite the drama around the bill, financial allocations in the sector have not depicted noticeable fluctuations.

“I’m sorry, but I just can’t stand it anymore. This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination. Shame on those who voted for it: you know you did wrong. You know it.” – Elon Musk

Crypto Market Holds Steady Amid Political Drama

Did you know? Elon Musk, known for his tech ventures, previously held a significant government role focusing on efficiency, where his policies met both support and opposition, reflecting parallels in his current critique.

According to CoinMarketCap, Bitcoin (BTC) trades at $106,040.16 with a market cap of 2.11 trillion. Its 24-hour trading volume stands at 35.71 billion, showing a 13.89% decrease. Price gains of 1.26% over 7 days and 3.14% over 30 days reflect a stable upward trajectory.

Coincu research team suggests that while the political commentary might appear significant, crypto financial structures remain largely unaffected unless the legislation explicitly targets digital assets. Experts observe that Musk’s high-profile remarks highlight broader issues without immediate regulatory shifts.