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Trump’s Mega Bill Snubs Crypto—Yet Bitcoin Just Pulled Off a Silent Victory (Here’s How)

Trump’s Mega Bill Snubs Crypto—Yet Bitcoin Just Pulled Off a Silent Victory (Here’s How)

Published:
2025-07-05 10:43:10
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Washington left crypto out in the cold—again. But Bitcoin doesn’t need handouts to win.

The backroom reality: While politicians bicker over pork barrels, BTC’s already executing an end-run around legacy finance. No legislation required.

Why it stings: The ‘zero allocation’ headline looks brutal… until you realize Bitcoin’s playing a different game entirely. Decentralization means never having to beg for scraps.

The cynical take: Wall Street’s still trying to tax, regulate, and ETF-ify what was designed to burn their system down. Classic.

Prediction? Pain—for anyone still betting against orange coin.

Big Beautiful Bill No Crypto

The crypto community’s biggest legislative push in years delivered nothing specific for crypto.  President Trump’s mammoth “One Big Beautiful Bill” – a $3.3 trillion tax and spending package that passed Congress this week – contains absolutely zero provisions for digital assets, despite months of intense lobbying and last-minute amendment efforts that had crypto Twitter buzzing with excitement.

Senator Cynthia Lummis (R-WY), crypto’s biggest champion on Capitol Hill, had crafted what many called a “hail Mary” amendment package that would have revolutionized how Americans use and trade digital assets. The proposed changes were crypto-friendly enough to make Bitcoin maximalists weep with joy:

  • No more coffee shop tax nightmares: Transactions under $300-$600 would have been exempt from capital gains reporting—meaning you could finally buy that latte with Bitcoin without tracking it for the IRS
  • End the mining tax double-whammy: Miners and stakers would only pay taxes when they actually sell their crypto, not when they earn it
  • Corporate crypto accounting relief: Companies like MicroStrategy could report their Bitcoin holdings with much more flexibility

But when the final votes were tallied, crypto got completely shut out. Every single digital asset provision was stripped from the legislation to secure broader bipartisan support.

Here’s where it gets interesting. While crypto advocates are licking their wounds, market analysts are pointing to an unexpected silver lining buried in the bill’s massive spending spree.

The legislation adds a staggering $3.3 trillion to the national debt while delivering huge tax cuts—a combination that has inflation hawks circling like vultures. The U.S. Dollar Index is already having its worst year since 1973, and economists warn this could accelerate dollar devaluation.

Translation? Bitcoin’s time to shine as the ultimate inflation hedge might be just beginning.

“This bill ensures that our fiat currency continues its death spiral,” said one crypto analyst who requested anonymity. “Sometimes the best thing for bitcoin is when politicians completely ignore it.”

But Senator Lummis isn’t throwing in the towel. Within hours of the bill’s passage, she introduced a standalone cryptocurrency tax reform bill containing nearly identical provisions to her failed amendment.

“We cannot allow outdated tax policies to stifle American innovation,” Lummis declared, promising to get the legislation “to the President’s desk” as a separate measure.

The senator’s new bill tackles the same issues that frustrated crypto users for years—from the absurdity of tracking every $5 transaction to the Byzantine tax treatment of DeFi activities that even accountants can’t figure out.

The crypto industry now faces a harsh reality check. Despite having more political influence than ever before, they couldn’t get a single provision into the year’s biggest legislative vehicle.

But the failure might actually energize the movement. Crypto advocates are already regrouping around Lummis’s standalone bill, and the macroeconomic conditions created by the “Big Beautiful Bill” could provide the perfect backdrop for Bitcoin’s next major rally.

As one crypto venture capitalist put it: “Sometimes you lose the battle but win the war. This bill just gave us $3.3 trillion reasons why people need Bitcoin.”

The question now is whether crypto can turn this legislative defeat into a market victory—and whether Lummis can build enough momentum for round two.

|Square

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