BlockBeats news, on July 2, the U.S. Senate narrowly passed Trump’s proposed $3.3 trillion “Big and Beautiful Act” by a vote of 51 to 50. This act includes a comprehensive tax reduction and spending plan, and it is expected to be voted on in the House of Representatives this week. Although the act is seen by the Republican Party as a tool for electoral advantage, polls indicate limited social support, and some Republican lawmakers have unstable positions, making its future passage uncertain. In terms of the market, if the act is implemented, it may further increase the fiscal deficit and add pressure on the Federal Reserve to maintain high Intrerest Rates. The dollar appears slightly weak in the short-term, and encryption assets are showing a volatile trend. Bitunix analysts recommend: investors should follow the results of the House vote and the market’s reaction to the supply pressure on U.S. Treasuries. If the act passes, the dollar’s trend will dominate short-term risk appetite sentiment. It is advised to properly control Position and patiently wait for market direction confirmation.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
