Trump Advocates ‘Beautiful Act’ for U.S. Economic Revival

3 mins mins

Key Points:

President Trump pushes “Beautiful Act” for economic growth.
Markets react cautiously to proposed deficit cuts.
No direct impact expected on cryptocurrencies.

President Donald Trump unveiled the “Beautiful Act” on July 2nd with a focus on economic growth and reducing the U.S. deficit. The act aims to halve the deficit, potentially ushering in substantial investments that could invigorate the economy.

U.S. President Donald Trump introduced the “Beautiful Act” in an effort to spur economic growth by reducing the national deficit. He described this legislation as a pivotal move toward experiencing a robust economic revival. House Ways and Means Committee Chairman Jason Smith reinforced the importance of unity among Congressional Republicans, emphasizing the act’s capacity to deliver on promises of better wages and opportunities, aligning with voter demands.

Trump’s “Beautiful Act”: Economic Measures and Legislative Goals

The act proposes significant fiscal measures, including $12.5 billion for air traffic control enhancements and $25 billion allocated to missile defense. Additionally, a notable focus on family benefits includes a doubling of the child tax credit to $2,200. If passed, the bill is designed to expand household liquidity by implementing tax cuts for those earning under $100,000 annually, while also raising the federal debt ceiling by $5 trillion.

Market reactions to the proposal remain cautious. Despite its ambitious goals, there is skepticism regarding implementation and potential macroeconomic ripple effects. Airline industry stakeholders have expressed support for the proposed infrastructure improvements, alongside America’s Credit Unions backing favorable tax conditions. However, the lack of direct benefits to cryptocurrency markets has prompted minimal discourse among blockchain industry leaders, with no public stances addressed by prominent figures such as Vitalik or CZ.

“House Republicans must stay united and pass this bill to deliver the generational change that 77 million voters demanded – better wages, lower taxes, more opportunity. As I have said, failure is not an option. Let’s get this done for the American people.” – Jason Smith, Chairman, House Ways and Means Committee

Market Dynamics: Bitcoin Stability Amid New Legislation

Did you know? In 2017, broad U.S. tax reductions led to significant business investments, though the crypto rally of that year was more influenced by cyclical trends.

According to recent data from CoinMarketCap, Bitcoin (BTC) trades at $108,052.79, with a market cap at $2.15 trillion and a fully diluted market cap of $2.27 trillion. Its 24-hour trading volume reached $46.68 billion, reflecting a 4.90% change. BTC has shown varied price movements, including a 2.02% increase over 24 hours and a 3.79% rise in 30 days. However, more substantial growth was recorded over the past 90 days at 32.54%.

bitcoin-daily-chart-1908 — Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 14:49 UTC on July 2, 2025. *Source: CoinMarketCap*

The Coincu research team suggests that the “Beautiful Act” might influence the economic landscape through tax reforms and infrastructure spending. There is potential for increased liquidity akin to the 2020 stimulus, yet a direct effect on the regulatory framework for digital assets remains unlikely. Historical data suggests fiscal policy shifts can prompt risk-on sentiment; however, any cryptocurrency market impact is presently speculative.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.