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U.S. Treasury Reinforces Investment Leadership with OBBB Final Terms, Potential Impact on Crypto Markets
U.S. Treasury Reinforces Investment Leadership with OBBB Final Terms, Potential Impact on Crypto Markets
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Treasury Secretary Scott Bessent addressed misconceptions surrounding Section 899 of the One Big Beautiful Bill (OBBB), emphasizing its role in maintaining U.S. investment dominance despite contentious tax policies. The retaliatory measures target nations implementing digital service taxes and OECD global minimum tax rules, potentially affecting investors from the EU, UK, and other jurisdictions.
The WHITE House Council of Economic Advisors projects significant growth from the legislation, which includes provisions to bolster American agricultural exports. Market participants are assessing implications for cross-border capital flows, particularly in digital asset markets where regulatory divergence persists.
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