XRP News Today: Trump Bill Passes Congress, XRP Gains 3.2 Percent

President Donald Trump’s “One Big Beautiful Bill” has officially passed Congress, marking a significant shift in the U.S. economic outlook and potentially impacting global financial markets. The bill, which passed with a 50-50 split in the Senate and a tie-breaking vote from Vice President JD Vance, is now awaiting Trump’s signature, expected on July 4th. While the legislation does not directly address cryptocurrency, its broader economic implications could have major consequences for digital assets like XRP.

The bill introduces sweeping tax cuts alongside more than $3 trillion in new federal debt, described by analysts as a fiscal stimulus wave that will inject massive liquidity into the economy over the coming decade. XRP community figure $589 referred to it as a “fiscal stimulus bomb,” warning that such aggressive spending is likely to trigger rising inflation and long-term weakening of the U.S. dollar.

Surprisingly, the bill did not include any of the crypto-friendly reforms many had hoped to see. Efforts led by Senator Cynthia Lummis to secure exemptions for crypto transactions under $300, tax relief for staking and mining, and clear digital asset classification were ultimately cut during last-minute negotiations. These omissions disappointed many in the blockchain space but left room for future crypto-specific legislation expected later this year.

Despite early concerns over the absence of crypto provisions, the market’s response was swift and bullish. Bitcoin surged past $109,000, Ethereum gained six percent, and XRP rose 3.2 percent to hover around $2.26. For many investors, the inflationary nature of the bill reaffirmed crypto’s appeal as a hedge against fiat currency debasement. XRP, in particular, benefited from renewed interest thanks to its utility in real-time payments and cross-border settlement. As traditional financial institutions brace for an era of heightened debt and declining dollar strength, assets like XRP, with its low-cost, fast-settlement capabilities, stand out as viable alternatives in the digital economy.

According to $589, the bill sends a powerful macroeconomic message: the dollar is weakening, debt is ballooning, and institutions are actively searching for alternative stores of value. While the bill didn’t offer direct benefits to crypto, it has added fuel to the broader narrative positioning digital assets as part of the future financial infrastructure.

Although this bill did not resolve regulatory uncertainty in the digital asset space, it has accelerated momentum for upcoming legislation. Attention now turns to the GENIUS Act, which proposes a clear framework for stablecoin issuance and oversight. Senator Lummis also plans to reintroduce her crypto tax reform bill, potentially bringing long-awaited clarity on how digital assets are treated under U.S. tax law. In parallel, expectations are building for a series of executive orders from President Trump addressing digital finance. With inflation set to rise and pressure mounting on the Federal Reserve and the Treasury Department, the post–July 4th period could mark a turning point for U.S. crypto policy.

Trump’s “Big Beautiful Bill” may not deliver immediate wins for the crypto sector, but it marks a significant shift in the macroeconomic environment. With massive debt issuance, a weakening dollar, and growing institutional interest in alternative assets, digital currencies like XRP are poised to benefit. Regulatory clarity remains a work in progress, but the groundwork is being laid. As the U.S. navigates this new fiscal chapter, XRP’s relevance as a fast, efficient settlement solution becomes increasingly difficult to ignore.