The Most Important Part of Trump’s ‘Big, Beautiful’ Tax Bill for the Crypto Industry
- Trump’s ‘Big Beautiful’ tax bill contains a major tax incentive for Bitcoin miners
- The bill reinstates 100% bonus depreciation for capital investments like mining rigs
- This rule allows US miners to immediately deduct the full cost of any new equipment
After a tightly contested vote that required Vice President JD Vance to cast the deciding tie-breaker, the U.S. Senate has approved President Donald Trump’s extensive tax and spending package, known as the “One Big Beautiful Bill.”
The bill, which passed 51-50, now moves to the House of Representatives, but its passage has already ignited a high-profile feud between President Trump and tech billionaire Elon Musk, creating mixed signals for the crypto market.
— Santiment (@santimentfeed) July 1, 2025
The Big Beautiful Bill has narrowly passed into its next step. Crypto markets are showing a clear bullish bias toward the controversial bill. We discuss the benefits for Bitcoin miners, Elon Musk's frustration, and plenty more about the details.
https://t.co/MNkkQZouws pic.twitter.com/YuL4d7oKmD
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The post The Most Important Part of Trump’s ‘Big, Beautiful’ Tax Bill for the Crypto Industry appeared first on Coin Edition.
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The Most Important Part of Trump’s ‘Big, Beautiful’ Tax Bill for the Crypto Industry
- Trump’s ‘Big Beautiful’ tax bill contains a major tax incentive for Bitcoin miners
- The bill reinstates 100% bonus depreciation for capital investments like mining rigs
- This rule allows US miners to immediately deduct the full cost of any new equipment
After a tightly contested vote that required Vice President JD Vance to cast the deciding tie-breaker, the U.S. Senate has approved President Donald Trump’s extensive tax and spending package, known as the “One Big Beautiful Bill.”
The bill, which passed 51-50, now moves to the House of Representatives, but its passage has already ignited a high-profile feud between President Trump and tech billionaire Elon Musk, creating mixed signals for the crypto market.
— Santiment (@santimentfeed) July 1, 2025
What Does Trump’s Mega-Bill Mean for Crypto?
While the Senate version of the bill did not include major…
The post The Most Important Part of Trump’s ‘Big, Beautiful’ Tax Bill for the Crypto Industry appeared first on Coin Edition.
Read More
Bitcoin Climbs as Trump’s $5 Trillion Bill Sparks Market Volatility and Political Tensions: Your Weekly Crypto Market Update