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- The US House of Representatives passed the draft law on spending President Trump on Thursday; He is now heading to Trump to sign him.
- Legislation includes tax discounts, increased estimated spending, and a reduction in the safety network program.
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President Donald Trump’s pioneering legislation, “The Beautiful draft law”, cleared Congress on July 3 after it passed the House of Representatives with a narrow vote 218-214.
Two Republican actors, Brian Fitzpatrick from Pennsylvania and Thomas Massi from Kentucky, crossed party lines to vote with Democrats against the procedure, who has already cleared the Senate earlier this week.
The US Senate approved the bill without listing the proposed encryption tax amendments aimed at benefiting from the increasing, miners and digital asset holders. Despite the efforts made by Senator Sentea Lomes and other supporters, coding measures were excluded due to time restrictions during the final negotiations of the draft law.
Legislation includes tax cuts for individuals and companies, increases in estimated spending, and lowering safety network programs. Financial analysts project that the draft law can increase the national debt by $ 3.3 trillion over a decade.
The Democratic Leader of the House of Representatives, Hakim Jeffrez, scored a record of the longest speech during his legislation.
The draft law is now heading to the White House to sign President Trump.
Bitcoin risks $ 90,000, as the Trump bill represents the way to pressure liquidity
Arthur Hayes, co -founder of Bitmex and a prominent encryption analyst, expects that President Trump’s beautiful bill, which raises the American debt ceiling, may drain great liquidity as the American cabinet mobilizes the public treasury account (TGA).
This exchange, which is estimated at 500 billion dollars, can pay the price of bitcoin temporarily to Re -test 90,000 dollars To $ 95,000 domain.
Despite the possible short -term fluctuations, Hayes are still positive over the long -term Bitcoin path, indicating that the absorption of the smooth market for the issuance of bonds can maintain bitcoin stability at $ 100,000.
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