According to The White House, the new legislative proposal dubbed 'The One, Big, Beautiful Bill' will make the Trump Tax Cuts permanent, resulting in increased take-home pay for American families by up to $13,300 and wage boosts up to $11,600 (Source: The White House, May 20, 2025). For crypto traders, this policy is expected to increase disposable income and retail investment capacity, potentially driving higher retail participation and liquidity in cryptocurrency markets, especially in trending assets like Bitcoin and Ethereum. Analysts note that fiscal policies that boost net income historically correlate with short-term bullish momentum in risk assets, including digital currencies (Source: MarketWatch, 2024).

According to @GOPMajorityWhip, Congress must extend the 2017 Trump tax cuts to prevent negative impacts on American families and manufacturing businesses. The extension is crucial for maintaining economic stability and competitiveness. The tweet emphasizes the urgency of legislative action to avoid economic setbacks.