On July 2, the US Congress is set to discuss tax cuts proposed by former President Donald Trump, with forecasts indicating a decline in federal revenues by $4 trillion from 2025 to 2034.
Debate on Tax Bill
The US Congress is scheduled to debate tax cuts proposed by Donald Trump. Several Republican figures are actively supporting this bill, claiming it would stimulate the country's economic growth. Trump has also criticized GOP members who oppose the proposed changes, emphasizing the importance of the upcoming elections.
Economic Implications for Markets
According to analysis, if tax cuts are approved, it could significantly alter the economic strategy and regulatory environment in the US. There is an expectation of increased liquidity and investment flows into various sectors of the economy; however, the direct impact on digital assets remains speculative.
Cryptocurrency Market and Possible Changes
The cryptocurrency market may also experience changes due to the tax reforms. Currently, Bitcoin's price stands at $106,146.75, with a market capitalization of $2.11 trillion. Recent data shows a 0.23% increase over the last 7 days and a 21.77% rise over the past 90 days. As highlighted by market analysts, such shifts in tax policy could indirectly influence investor appetite for riskier assets, including cryptocurrencies.
The upcoming debate on Trump's tax cuts in the US Congress is set to ignite crucial discussions about the future of the country's economy. The outcomes of the voting are expected to have a significant impact on financial markets, including the cryptocurrency sector.
