The American Senate has just given the green light to the bill on taxes and the widely discussed expenses of President Trump, by passing it with a close vote of 51 to 49 years late Saturday evening
What is in the bill, why it arouses controversy and what it means for the Americans.
Next to it, a new legislative touch could have great consequences for cryptographic investors: a merger of the law on engineering with the long-awaited clarity law could finally reshape the regulation of cryptography in the United States
Big, a beautiful bill ”was adopted with 51 to 49 votes
Voting at the end of the evening has shown how divided Republicans are still concerned by Trump’s plan. In the end, the bill adopted 51 to 49 years, with only the Thom Tillis and Rand Paul senators by voting. Behind the scenes, party leaders worked hard to convince the hesitant senators to say yes.
Vice-president JD Vance even came to the Capitol in case he had to break equality, but his additional vote was not necessary this time.
For Trump, who made this bill the centerpiece of his second term, this vote showed how much he needs his party to stay together to get things done.
As the vote was hanging out, Trump did not stay silent. He Posted on Truth Social That he is already trying to support someone to run against Senator Tillis in 2026. Trump clearly indicated that he wanted the legislators who remain firmly with him and his promises to the voters.
What is in the “Big Beautiful Bill”?
He understands;
- Permanent tax reductions 2017, no taxes on advice / overtime
- About $ 150 billion in defense and border funding
- An increase in the debt ceiling of $ 5 billion to get there
It reduces the billions of dollars in Medicaid and Snap, with a new rural fund of $ 25 billion Medicaid for 2028-2032.
It also repeals the green energy tax credits, eliminates detailed salt deductions and proposes to sell 1.2 million acres of federal land
What it means for crypto traders
While the expenditure bill has stolen the spotlight, the cryptographic traders keep a eye on the act of genius, who now moves to the House of Representatives for a vote.
Earlier, Tom Emmer, a member of Top House, said that the genius law could only pass if it corresponds well to another bill – the Clarity Act.