List of Flash News about US bill cuts green tax credits
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2025-06-09 20:22 |
US Bill Cuts $500B Green Tax Credits, Halts Funds to China: Crypto Market Impact and Trading Insights
According to The White House (@WhiteHouse), the passage of a major US bill eliminates over $500 billion annually in Green New Deal-related tax credits, immediately stopping these credits from reaching Chinese entities. This policy shift could reduce global liquidity for clean energy sectors, potentially impacting related crypto tokens and blockchain projects focused on green initiatives. Traders should monitor tokens linked to carbon credits and renewable energy for potential volatility, as a rapid change in US policy may trigger shifts in sentiment and capital flows across the cryptocurrency market (Source: The White House, June 9, 2025). |