Best Crypto to Buy Now as Trump’s ‘One Big Beautiful Bill’ Passes, But Without Bitcoin Tax Relief
The post Best Crypto to Buy Now as Trump’s ‘One Big Beautiful Bill’ Passes, But Without Bitcoin Tax Relief appeared on BitcoinEthereumNews.com. After much controversy, one that even led to a fallout between Elon Musk and Donald Trump, the “One Big Beautiful Bill” has now passed. With it, the US president hopes that the West would once again embrace common sense. However, the pullback of funding from sustainable projects could have a reverse impact, despite how bullish Trump has been about Bitcoin. Adding to this quandary is the fact that there have been absolutely no Bitcoin tax exemptions, which is surprising for someone seeking to alter the world’s paradigm around finance. Will BTC remain the best crypto to buy now in this instant, or are investors better off looking for alternatives? The One Big Beautiful Bill Passed in a Hectic Fashion – Ignoring the Needs of The Cryptocurrency Market The entire motif of introducing this massive reconciliation bill was to combine massive tax cuts and reduce “wasteful” spending, while at the same time adding more funds to immigration and defense funding. However, even though pro-crypto senators raced until the end to tack on an additional amendment related to crypto tax, nothing was done in the end, leaving the crypto industry outside the bill as a whole. It means that Dennis Porter’s (CEO and Co-Founder of Satoshi Fund) efforts were in vain.
The post Best Crypto to Buy Now as Trump’s ‘One Big Beautiful Bill’ Passes, But Without Bitcoin Tax Relief appeared on BitcoinEthereumNews.com.
After much controversy, one that even led to a fallout between Elon Musk and Donald Trump, the “One Big Beautiful Bill” has now passed. With it, the US president hopes that the West would once again embrace common sense. However, the pullback of funding from sustainable projects could have a reverse impact, despite how bullish Trump has been about Bitcoin. Adding to this quandary is the fact that there have been absolutely no Bitcoin tax exemptions, which is surprising for someone seeking to alter the world’s paradigm around finance. Will BTC remain the best crypto to buy now in this instant, or are investors better off looking for alternatives? The One Big Beautiful Bill Passed in a Hectic Fashion – Ignoring the Needs of The Cryptocurrency Market The entire motif of introducing this massive reconciliation bill was to combine massive tax cuts and reduce “wasteful” spending, while at the same time adding more funds to immigration and defense funding. However, even though pro-crypto senators raced until the end to tack on an additional amendment related to crypto tax, nothing was done in the end, leaving the crypto industry outside the bill as a whole. It means that Dennis Porter’s (CEO and Co-Founder of Satoshi Fund) efforts were in vain.
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