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Analysis: Bitcoin may benefit from Trumps Big, Beautiful Bill
Odaily News The U.S. House of Representatives has voted to pass the Big and Beautiful bill, which does not mention the proposed amendments to the cryptocurrency tax law. During the Senates review of the bill, lawmakers tried to add some cryptocurrency-related clauses, but ultimately failed. However, market observers are optimistic about its chain reaction on Bitcoin. Observers expect U.S. tax laws to be readjusted for cryptocurrencies, and in the upcoming Crypto Week, the House of Representatives will discuss three major cryptocurrency-related bills, each targeting a core area of blockchain policy:
1. CLARITY Act: Aims to define the jurisdictional boundaries between the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC);
2. GENIUS Act: Aims to introduce a comprehensive regulatory regime for stablecoins pegged to the U.S. dollar;
3. The Anti-CBDC Surveillance State Act: Aims to prevent the Federal Reserve from issuing retail central bank digital currency (CBDC). (Cointelegraph)
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