Trump Signs Major Tax and Spending Bill into Law

President Donald Trump signed a major tax and spending bill into law on July 4, 2025, during an “Independence Day” celebration event at the White House.

The bill marks a significant shift in U.S. fiscal strategy, reallocating funds towards military and border security while reducing social programs, sparking diverse reactions.

Trump’s $3.3 Trillion Deficit Plan Approved

President Trump, alongside key allies Senate Majority Leader John Thune and House Speaker Mike Johnson, enacted the bill, emphasizing it as “the greatest victory yet” for his administration. Despite strong opposition from all Democrat Representatives and two Republicans, the bill advanced narrowly. The approved legislation increases spending on border security and military efforts while cutting Medicaid and food assistance programs. Immediate reaction centered on the estimated $3.3 trillion deficit increase over the next decade, and Trump proclaimed the bill as the “single most popular” signed, despite conflicting polls.

Experts from the Coincu research team emphasized that the fiscal policy shift could further influence inflation and interest rates, leading to strategic adjustments across institutional crypto investments.

Bitcoin Rallies 29.46% Amid Fiscal Concerns

Did you know? During previous large fiscal expansions, like the 2017 tax cuts, markets initially rallied, later shifting focus to concerns over fiscal health.

Bitcoin (BTC) prices stood at $108,097.90 with a market cap of $2.15 trillion, reported CoinMarketCap on July 5, 2025. Recent trading volumes reached $43.38 billion, with Bitcoin experiencing a 29.46% increase over 90 days, demonstrating robust market dominance of 64.69%.

Experts from the Coincu research team emphasized that the fiscal policy shift could further influence inflation and interest rates, leading to strategic adjustments across institutional crypto investments.