Crypto Expert Bets Against James Wynn’s $1.2B Hyperliquid BTC Long Position

The post Senate Passes Donald Trump’s Big Beautiful Bill appeared first on Coinpedia Fintech News

The U.S. Senate has passed President Donald Trump’s massive $3.3 trillion spending bill, nicknamed the “Big Beautiful Bill.” While it still requires approval from the House, the crypto world is already buzzing about what this could mean for Bitcoin, Ethereum, and beyond.

Santiment reported that crypto markets are showing a clear bullish bias following the Senate’s narrow approval of the bill. According to their update, Bitcoin miners could benefit from the bill’s inflationary implications, while Elon Musk has expressed frustration over the legislation. Despite its controversy, the bill is fueling optimism across the crypto sector.

Bitcoin Could Shine Amid Soaring Debt

The bill would significantly raise the U.S. national debt, triggering inflation concerns. Historically, investors have looked to Bitcoin as a hedge against both inflation and a weakening dollar. If inflation picks up or trust in the dollar slips, Bitcoin could see strong demand as a digital safe haven.

Ethereum and Altcoins in the Mix

Market analyst Marius suggests that Ethereum and infrastructure-based altcoins may also benefit, as investors seek higher-risk, high-reward assets. However, speculative tokens and meme coins could underperform, especially in a cautious market environment.

Additionally, the bill’s broader macroeconomic impact plays a significant role. With over $4.5 trillion in tax cuts and $1.2 trillion in entitlement cuts, without any revenue offsets, the bill is expected to increase inflationary pressure in the U.S. economy. This strengthens the appeal of Bitcoin and other cryptocurrencies as a hedge against the debasement of fiat currencies.

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Crypto Reaction

Crypto analyst Crypto Dad highlights that the newly passed “Big Beautiful Bill” offers a significant boost to the crypto sector. Notable crypto-friendly provisions include:

• A de minimis exemption for transactions under $300 simplifies everyday crypto usage.
• Tax deferrals and simplified rules for staking and mining rewards make participation more attractive.

Combined with the inflationary pressure from massive tax cuts and spending hikes, Bitcoin’s narrative as an inflation hedge is gaining traction. As regulatory clarity improves and macroeconomic risks rise, crypto markets, especially Bitcoin, appear well-positioned for an upward move.

Institutions May Stay Cautious

While retail interest is likely to grow, institutions may remain cautious. Rising debt and the potential for Federal Reserve tightening could lead big investors to wait for more clarity on interest rates and inflation trends.If the bill passes the House with its crypto-friendly provisions intact, it could spark a broader rally in Bitcoin, Ethereum, and select altcoins. However, the final impact will hinge on the Federal Reserve’s next move and whether inflation pressures lead to another rate hike.

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The post Senate Passes Donald Trump’s Big Beautiful Bill appeared first on Coinpedia Fintech News
The U.S. Senate has passed President Donald Trump’s massive $3.3 trillion spending bill, nicknamed the “Big Beautiful Bill.” While it still requires approval from the House, the crypto world is already buzzing about what this could mean for Bitcoin, Ethereum, and beyond. Santiment reported that crypto markets are showing a clear bullish bias following the …

XRP Lawsuit: The U.S. Securities and Exchange Commission (SEC) has filed an opposition to a recent emergency request submitted by Justin W. Keener in the Ripple lawsuit. Keener’s filing aimed to present what he called “decisive evidence” in support of Ripple and the “liberty of the American people.”

US SEC Opposes Keener’s Request Over Jurisdiction and Procedure

According to a recent filing, the US SEC asked Judge Analisa Torres to reject the emergency request filed by Justin W. Keener on April 3, 2025. The agency argued that the District Court does not have jurisdiction to consider the request since the Ripple case has already been moved to the Second Circuit Court of Appeals.

The SEC used several authorities from different courts as the basis of their decision, specifically citing New York v. Department of Homeland Security, 974 F.3d 210 (2d Cir. 2020). The Commission explained that this be the position once a timely appeal is filed that the matters under appeal are beyond the jurisdiction of the District court.

NEW: The @SECGov has just filed an opposition to that “emergency request to present decisive evidence” in favor of @Ripple we saw filed last week by one Justin W. Keener.

The SEC opposes the motion because, they say, that 1) The District Court lacks jurisdiction over the… https://t.co/QNnKM6sOgA pic.twitter.com/4qTU1YEYKw

— Eleanor Terrett (@EleanorTerrett) April 8, 2025

The SEC also pointed out that Keener did not file the appropriate motion to intervene in the case he deemed to involve unlawful conduct by the defendants. They argued that this means that the court cannot consider his request for an emergency stay. They cited other cases where such a motion by the third party without the permission of the court was thrown out of court.

SEC Maintains Ripple Can Handle Its Defense Without Outside Help

In its reply, the US SEC stated that even if the provided evidence of Keener was relevant, Ripple could decide to present it on its own. The agency suggested that Ripple and its legal team know the kind of documents that are useful in the XRP lawsuit on their own.

The Commission added, “There does not seem to be any provision that the Request’s filer cannot forward the ‘evidence’ listed in the Request to the Defendants.” They responded that Ripple could produce any such material if it considered it to be relevant.

The US SEC also reminded the court that a previous request from third parties to submit similar evidence had already been denied. In that instance, Judge Torres ruled that no further intervention from unrelated parties was needed.

Details of Keener’s Emergency Request Remain Unclear

Keener, who has faced separate SEC charges in the past, submitted a brief letter claiming he possessed key evidence in support of Ripple.

He said the material could help the defendants and promote “liberty for the American people,” but he did not give specifics.

While some observers believe the evidence may relate to physical investment contracts, Keener has not confirmed this. The document raised questions in the Ripple community, especially since the case appears to be nearing an end.

XRP Lawsuit Nears Conclusion as SEC Drops Appeal

The SEC’s opposition comes after recent announcements that the legal dispute with Ripple is coming to a close. Ripple CEO Brad Garlinghouse confirmed that the XRP lawsuit has officially ended. This followed the SEC’s decision to drop its appeal in the ongoing case. This move boosted optimism since as of now, around 20 XRP exchange-traded funds (ETFs) are reportedly filed with the US SEC.

Despite the news, XRP’s price did not show a strong positive reaction. Still, many in the crypto community believe the conclusion of the lawsuit may bring new developments for Ripple.

However basking under the XRP lawsuit dismissal, Ripple recently announced a $1.25 billion deal to acquire Hidden Road, a global multi-asset prime broker. This would make Ripple the first crypto firm to own and operate such a platform.

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