- Ah, the illustrious Trump’s tax bill, proposing a 5% excise duty on remittances from non-U.S. citizens! What a delightful twist in the tale!
- Market watchers, those wise sages, have voiced their mixed opinions on the bill’s likely impact on the crypto sector. A veritable feast of confusion!
On a rather ordinary Sunday, the U.S. Congress, in a fit of enthusiasm, advanced President Donald Trump’s “big, beautiful” tax bill from the House Budget Committee. Analysts, those ever-optimistic seers, suggest that this tax bill might just be the golden ticket for crypto adoption—if it ever sees the light of day! 🎩✨
Trump’s Tax Bill – Impact on Crypto: A Farcical Affair
The bill, in its grandiosity, aims to cut spending while introducing a 5% tax on the money sent by non-U.S. citizens to their beloved homelands. How charmingly bureaucratic!
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Trump’s policies have been the key market drivers since February, much like a conductor leading a symphony. His tariff hardline disturbed markets in late Q1 and early April, dragging BTC below $76k. A dramatic crescendo!
Surprisingly, he softened his stance afterwards, as evidenced by the U.S.-China trade deal, which catapulted BTC to $107k in May. A plot twist worthy of a novel!
Thus, apart from an unintended impact on crypto adoption through cheaper, private remittances, it remains to be seen how this bill might sway market prices. The curtain falls, but the show must go on! 🎭💸
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2025-05-20 08:46