Donald Trump Signs “One Big Beautiful Bill”: How It Can Reshape the Crypto Market

U.S. President Donald Trump has officially signed his sweeping policy bill into law, enacting one of the most consequential pieces of legislation of his presidency.

The 870-page package, passed by a razor-thin margin in Congress, was signed during a high-profile ceremony at the White House ahead of Independence Day celebrations.

The signing event featured a flyover of B-2 bombers and F-22 fighter jets, the same aircraft used in recent strikes on Iranian nuclear facilities. Trump was joined by Republican lawmakers, military pilots, and top aides as he hailed the bill as a turning point for the American economy and national security.

“This will unleash a new era of American prosperity and strength,” Trump declared from the South Lawn balcony, brushing aside concerns from Democrats and dissenting Republicans who warned about rising debt and deep cuts to social programs. Despite those objections, Trump said the bill delivers on core promises made to American workers, families, and veterans.

The legislation includes:

• An extension of Trump-era 2017 tax cuts
• New tax breaks for tips, overtime pay, and Social Security income
• A $150 billion increase in defense spending
• $100 billion allocated to ICE for immigration enforcement
• Steep cuts to Medicaid and low-income assistance programs
• Rollbacks of clean energy tax credits introduced during the Biden administration

Trump also praised the bill for what he called the “largest spending cut ever passed” that “nobody will even notice,” referring to reductions in food assistance and healthcare subsidies. The president emphasized that the bill represents a new standard in “America First” fiscal policy, combining military might, border control, and tax relief into a single legislative framework.

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How the Bill Could Affect the Crypto Market

Trump’s economic package could indirectly benefit the crypto industry by increasing disposable income through tax exemptions and overtime relief. If consumer spending rises, interest in alternative assets like Bitcoin may follow. Additionally, the bill’s sharp boost to defense and border security spending, paired with reduced regulatory focus on green finance, signals a pro-business shift that may ease pressure on crypto firms.

However, the surge in federal debt and social program cuts could trigger public backlash and market instability, both of which historically correlate with increased crypto demand as a hedge. The bill’s political divisiveness may further fuel uncertainty around fiscal policy, prompting institutional and retail investors to reconsider Bitcoin as a store of value in an evolving economic climate.

While the bill isn’t crypto-specific, its broader economic ripple effects could shape sentiment and liquidity across digital asset markets in the coming months.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.