Trump Expected to Sign Tax Bill Before July 4th, Says U.S. Treasury Secretary Bessent

On June 30, U.S. Treasury Secretary Bessent confirmed that the proposed tax legislation is on track for a seamless passage through Congress. The bill, which holds significant implications for the financial sector, is expected to receive the signature of President Trump ahead of the July 4th holiday. This development signals potential shifts in fiscal policy that could influence market dynamics, including the cryptocurrency space. Investors and analysts are closely monitoring the situation, as the enactment of this tax bill may affect regulatory frameworks and taxation strategies within the crypto industry. The Treasury’s assurance of a smooth legislative process underscores the administration’s commitment to advancing economic reforms in a timely manner.