Senate Passes Trump’s Tax and Spending Bill, Potentially Reshaping Crypto Regulation

The U.S. Senate narrowly approved President Trump's landmark tax and spending bill in a 51-49 vote, marking a pivotal moment for his second-term agenda. The legislation, dubbed the "Big, Beautiful Bill," faced fierce Republican dissent, with only Senators Thom Tillis and Rand Paul opposing it. Vice President JD Vance stood ready to break a tie, though his intervention proved unnecessary.

Beyond its fiscal implications, the bill carries significant consequences for cryptocurrency investors. A legislative maneuver merged the GENIUS Act with the long-awaited CLARITY Act, potentially overhauling U.S. crypto regulation. This development could inject much-needed clarity into the digital asset space, though specific impacts remain uncertain.

Trump's aggressive posturing on Truth Social—threatening to oppose Tillis in 2026—underscores the high-stakes nature of this vote. The administration views the bill as a litmus test for party loyalty and a cornerstone of its economic policy.