The US Senate has passed former President Donald Trump’s $3.3 trillion fiscal package bill, known as the 'Big Beautiful Bill.'
This bill is awaiting final approval in the House and is expected to significantly impact the crypto market, potentially boosting inflation, weakening the dollar, and influencing investor behavior in both traditional and decentralized finance markets.
Despite efforts to introduce crypto tax reforms in the bill, they were not included in the final version due to time constraints, leaving crypto investors with potential tax uncertainties.
The crypto market is anticipated to be affected by the bill's inflationary pressures and federal borrowing, with potential price boosts for assets like Bitcoin. Market sentiment remains bullish for digital assets, with analysts projecting a total crypto market cap reaching $3.5 to $3.7 trillion range in the short term.