The post Crypto News Today July 1 : Trump Musk, Big Beautiful Bill, Ripple (XRP) Price and Pi Network appeared first on Coinpedia Fintech News
July 1, 2025 11:06:43 UTC
Why Crypto Market is Down Today?
The crypto market is down today mainly due to heavy selling by miners, ongoing high interest rates from the US Federal Reserve, and negative sentiment sparked by the public feud between Elon Musk and Donald Trump. Additional factors include large whale sell-offs, leveraged liquidations, and cautious investor sentiment, leading to widespread declines across top cryptocurrencies.
July 1, 2025 11:06:43 UTC
DOGE Pushes for Softer SEC Rules Amid Trump Order
DOGE is reportedly urging the SEC to ease regulations on SPACs and private fund reporting, aiming to lower compliance costs and streamline public listings. The move follows Trump’s February executive order directing DOGE to identify and eliminate costly federal regulations. Critics warn the changes could reduce transparency and increase risk, raising concerns about political interference in financial oversight.
July 1, 2025 11:06:43 UTC
Did the Big Beautiful Bill Pass the Senate?
No — as of July 1, 2025, the Senate has not passed the “Big Beautiful Bill.” Republicans remain locked in a marathon “vote‑a‑rama” on amendments, working feverishly to secure a majority. GOP unity is fractured between moderates and conservatives, and key provisions—like state-level AI regulation bans—have already been stripped out. With no final Senate vote yet and the July 4 deadline looming, its passage remains uncertain.