On July 4, U.S. President Donald Trump signed the 'Beautiful Bill', which sparked widespread attention and debate regarding its impact on the economy.
Signing of the 'Beautiful Bill'
President Trump signed the 'Beautiful Bill' after a narrow vote in the House of Representatives, with 218 members voting in favor and 214 against. Two Republicans opposed the bill. The legislation aims to reduce federal aid while increasing debt, raising concerns about economic inequality and spending transparency. Trump addressed a crowd at the White House, stating, 'This is the single most popular bill ever signed,' despite contradictory polling data. He called it 'the greatest victory yet' of his administration concerning campaign promises.
Potential Economic Implications
While Trump hailed the bill as a 'victory', Democratic leaders criticized it sharply, highlighting the potential harm to social programs. Hakeem Jeffries expressed strong opposition, focusing on the risks, which contradicts the optimistic tone offered by Trump's administration.
Bitcoin's Stability Amid Fiscal Changes
Despite the changes in fiscal policy, Bitcoin remains stable. As of July 5, 2025, Bitcoin (BTC) trades at $108,220.42 with a market cap of $2.15 trillion. Its market dominance stands at 64.64%, despite a 1.38% decline over 24 hours. Analysts note that such fiscal policies rarely reshape crypto markets directly, suggesting potential adjustments in investment risk appetites.
The signing of the 'Beautiful Bill' marks significant changes in economic policy under Trump. While these measures evoke mixed feelings in the public, their outcome may lead to new discussions on resource distribution and social support in the country.
