⚡️NUGGS⚡️v108

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Senate passes Trump’s tax+spend mega bill. Markets react. Bitcoin & Ethereum await the floodgates.

🏛 One Big Vote, One Big Moment

After a dramatic late-night vote, Senate Republicans passed President Trump’s massive tax-and-spend proposal, dubbed the “One Big Beautiful Bill.” The vote ended in a 50-50 tie—broken by Vice President JD Vance.

Now it heads to the House for a showdown.

Note: The White House mistakenly lists the House as having passed it—when it was actually the Senate.

📈 Traders Are Already Betting on It

Crypto Twitter exploded after the Senate result. Traders are calling this a bullish pivot—expecting lower interest rates, more liquidity, and looser money ahead.

Mentions of “beautiful” (and the bill itself) spiked across platforms.

Combined mentions of “big,” “beautiful,” and “bill” jumped dramatically—coinciding with volatility in Bitcoin and Ethereum price.

🔊 Sentiment Is Mostly Bullish

Even with no major crypto-specific wins yet, the crowd seems confident.

“Bullish, no cap”

“Crypto to the moon”

“If rates come down, bullish”

The overwhelming response? This bill could reignite risk-on momentum in crypto.

❌ The Amendment That Didn’t Make It

One major disappointment: Senator Cynthia Lummis’ crypto tax amendment didn’t make the final cut.

She proposed:

But time ran out. Still, the effort shows rising momentum in D.C. for crypto-friendly legislation—and more could follow.

💰 Why the Bill Still Matters for Crypto

Even without Lummis’ amendment, the bill contains liquidity-boosting policies:

That means:

⚡ Bitcoin Mining Incentives Are About to Skyrocket

One underappreciated clause: 100% bonus depreciation is back.

That means:

That could lead to:

🧯 Not All Sunshine: Musk vs. Trump

Elon Musk, once a Trump supporter, is now publicly feuding with the administration over the bill’s deep cuts to green energy and healthcare.

He even joked about:

Tesla stock dipped, and Bitcoin followed slightly—mirroring a recent pattern of correlated moves.

If Elon stays angry, it could spark short-term FUD—especially if Tesla retreats from crypto mining or Dogecoin plays.

🐕 Even Doge Got Dragged Into the Drama

Musk used to call his agency “DOGE” (Dept. of Gov. Efficiency).

Now, he’s saying this bill could “kill future-focused innovation.”

That could dent meme coin sentiment, and shake confidence around Musk-linked assets if the feud escalates.

🧠 Final Take: Liquidity > Politics

At the core, this bill is about money flow.

In macro speak? That’s a recipe for risk-on rotations.

Crypto thrives when:

This bill could accelerate all three. But keep your eye on the next vote in the House—it’s no guarantee.

🔮 What’s Next?

-Cole 🤙