Senate Passes Key Vote on Trump’s Major Legislative Bill
- Lyla Velez
- June 29, 2025
- Policy
- 0 Comments
Key Points:
- Trump’s bill progresses, affecting crypto and fiscal policy.
- Senate vote advances key regulatory actions.
- Promised changes in crypto oversight pending Senate decisions.
The Senate has passed a critical vote on President Donald Trump’s “Big Beautiful Bill”, a primary legislative agenda item for his potential second term. Key negotiations among GOP senators led to late-night amendments before the vote.
President Trump and Senate Majority Leader John Thune played vital roles in advancing the bill, while GOP figures like Cynthia Lummis negotiated changes, aligning the legislation with emerging regulatory needs in the crypto sector.
The bill’s passage affects various sectors, including cryptocurrency regulations and tax policies. It introduces oversight for the stablecoin market, which is poised to impact USDC, USDT, and others. The market anticipates increased participation and a shift in stablecoin dominance.
Significant tax cuts and funding plans are embedded within the bill, aiming to fulfill Trump’s commitments on defense and immigration. These provisions could rebalance fiscal strategies and impact funding cycles on a governmental level.
Skepticism persists as the bill awaits further procedural votes. Market participants prepare for regulatory changes that could reshape financial ecosystems.
Potential outcomes include shifts in compliance frameworks and enhanced trust in cryptocurrency markets. Historical patterns from previous regulatory actions suggest volatility in DeFi protocols and associated governance tokens, impacting investors’ strategies.
“The One Big Beautiful Bill Act reflects the shared priorities of both the Congress and the Administration. Therefore, the Congress should immediately pass this bill and send it to the President’s desk by July 4, 2025, to show the American people that they are serious about ‘promises made, promises kept.’ President Trump is committed to keeping his promises, and failure to pass this bill would be the ultimate betrayal.” — White House Official, CBS News
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