US $4.5T Bill Don Approve Stablecoin Rules, Bitcoin Rally
Congress don pass one $4.5 trillion fiscal bill wey dey wait for president to sign. The law extend major tax cuts, boost money for defense and energy, and cut Medicaid and nutrition programs, wey go add $3.4 trillion to deficit. E also put federal stablecoin law—the GENIUS Act—wey require 1:1 reserve backing, public audits, and joint federal–state oversight. Market react well: Bitcoin jump pass $109,000, Ethereum go up 6%, and XRP climb 3.2% reach $2.26. Traders see say clear stablecoin regulation fit reduce systemic risk, while inflation worries and big deficit spending make demand for Bitcoin grow as inflation hedge. But no crypto tax relief and possible interest-rate hike fit limit the upside. Crypto traders suppose dey watch new digital-asset policies and inflation trends sharp sharp to know where market go.
Bullish
Di bill way dem put clear regulation for stablecoin reduce systemic risk, e make Bitcoin, Ethereum and XRP rally well short term. Big deficit spending and new inflation fear dey make Bitcoin fine as inflation protection. Even though no crypto tax relief and possible rate increase fit cause wahala, overall stimulus and regulatory clarity fit keep traders confident short and medium term.