#BTCWhaleMovement

#OneBigBeautifulBill

🏛️ What is the OBBB?

A sweeping U.S. legislative package (1,000+ pages) that consolidates tax cuts, debt ceiling increase, defense, immigration, and social spending into one omnibus bill .

Includes Trump-era 2017 tax cut extensions, environmental rollback, increased defense budgets, plus immigration and welfare reforms .

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📌 Current Status (as of July 2025)

June 30: Senate advanced the bill 51–49 via procedural vote .

July 2: Senate passed the full bill, with VP Vance breaking the tie .

Shortly afterward: The House approved it, sending it to the President’s desk for signature .

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💸 Impact on Crypto

✅ Potential Boosts:

Micro‑transaction exemptions: Proposed vulnerability to U.S. crypto taxing (e.g., transactions under $300 or $600 exempt), potentially making everyday crypto use like coffee purchases tax‑free .

Single‑tax relief for miners/stakers: Could collapse double taxation—making mining/staking more profitable .

Bonus depreciation on equipment: Helps crypto miners claim full-cost deductions in year of purchase, lowering tax burden .

⚠️ Crypto Industry Worries:

Stealth remittance tax: A 3.5% withholding on non-U.S. citizen cross-border transfers is included—impactful for migrant workers using crypto for remittances .

No crypto-specific provisions passed: While amendments were proposed (e.g., Senator Lummis’s proposals), they were left out of the final version .

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📉 Crypto Market Response

Initial sell-off: Bitcoin dropped ~3–4%, wiping ~$170 billion from crypto market cap on the day of Senate clashes/Musk–Trump rhetoric .

Mixed summer rally: Market sentiment shifted bullish as the bill moved forward—due to debt ceiling raise, inflation expectations, and fiscal stimulus .

Examples: BTC dipped to ~$105K, then rallied past $110K after House passage .

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