NewsCrypto

Big Beautiful Bill Shakes Crypto: $3.3T Move, Solana ETF & Robinhood’s Bold Plans

Big Beautiful Bill Shakes Crypto: $3.3T Move, Solana ETF & Robinhood's Bold Plans
Big Beautiful Bill Shakes Crypto: $3.3T Move, Solana ETF & Robinhood's Bold Plans

Key Points

  • Trump signs $3.3T Big Beautiful Bill, sparking major crypto debate
  • Elon Musk clashes with Trump, warns of looming recession
  • Solana Staking ETF goes live, Grayscale altcoin ETF delayed
  • Robinhood reveals tokenized stocks, staking, and L2 blockchain plans

The Big Beautiful Bill, now signed into law by President Trump, is turning heads across the crypto space. The massive $3.3 trillion legislation, approved by both the Senate and the House, focuses heavily on tax cuts. Although many crypto-specific clauses were removed from the final version, its impact is expected to be significant for crypto investors.

Here’s why it matters:

  • The tax cuts are designed to stimulate domestic investments, and that includes crypto. This could encourage more U.S.-based crypto startups and trading activity.

  • However, the bill could weaken the U.S. dollar, since it increases national debt and fiscal instability. As confidence in the dollar dips, Bitcoin and other cryptocurrencies could rise as alternative stores of value.

The bill’s approach fits within Trump’s larger economic vision. His stablecoin strategy has already raised eyebrows, with some analysts suggesting it hides a bigger $5 trillion debt-control masterplan.

This is already shaking up traditional and crypto markets alike.

One of the biggest critics of the bill? Elon Musk.

Trump vs Musk: A Political Split Over Crypto’s Future

This week marked another chapter in the ongoing Musk-Trump drama. Elon Musk voiced strong opposition to the Big Beautiful Bill, warning it could lead the U.S. into a major recession.

Musk fears the bill’s massive spending will drive up the deficit to dangerous levels. He even floated the idea of starting a new political party, a move that would create a deep split in the conservative and crypto-supporting voter base. If he follows through, it could mirror his interest in meme culture and politics—potentially sparking a new America Party meme coin movement.

This fallout between Musk and Trump has market implications, particularly for meme coins and Dogecoin, which often react to Musk’s tweets and political alignments.

Although Musk’s third-party proposal is still just a poll on X, it has already fueled speculation, volatility, and Twitter wars among crypto traders.

Adding to the political shake-up, Trump is also reportedly replacing Jerome Powell as Fed Chair, another move that could send ripples across both traditional finance and crypto markets.

Solana ETF Launches, But Grayscale Gets Delayed

The first-ever Solana Staking ETF officially launched this week on U.S. markets. It’s a huge step forward for Solana’s legitimacy in the eyes of institutional investors.

On the flip side, Grayscale’s altcoin basket ETF, which includes a mix of major tokens, faced an unexpected SEC delay, despite initial signs of approval. The SEC had a July 2 deadline, but took an unorthodox move to extend its review.

This mixed bag of ETF news continues to reflect the SEC’s evolving crypto stance, where rules are often reversed, revisited, or delayed as the Commission struggles to define clear guidelines for digital assets.

Robinhood Takes Big Leap Into Web3

In one of the most surprising moves of the week, Robinhood revealed plans to tokenize over 200 stocks and ETFs, aiming to make traditional finance more accessible through the blockchain.

The company presented its bold crypto roadmap at EthCC 2025, outlining its vision for a Layer-2 blockchain, support for crypto staking, and even perpetual futures for EU users.

These moves mark Robinhood’s transformation from a simple trading app to a full-fledged DeFi powerhouse, ready to compete with giants like Coinbase and Binance.

Their tokenized stock feature could allow users to trade stocks 24/7, bypassing Wall Street’s outdated trading hours and giving more control to retail investors.

DeFi Development Bets Big on Solana

Another headline worth noting: DeFi Development, nicknamed “Solana’s MicroStrategy,” is making waves by selling $100 million in stock to purchase large amounts of SOL.

While many companies are buying up Bitcoin, DeFi Development is the first to adopt Solana as its treasury asset. The move caused a short-term stock drop, but it bounced back by the end of the week.

DeFi Development Price Performance. Source: Google Finance - Techtoken

DeFi Development Price Performance. Source: Google Finance – Techtoken

This could be the beginning of a trend where altcoins join Bitcoin in corporate treasuries, especially as companies explore faster, cheaper chains like Solana.

What’s Next for Crypto?

From sweeping legislation and political rifts to new ETFs and major corporate bets, the crypto world had one of its most eventful weeks in recent memory.

With the Big Beautiful Bill now in law, expect more conversations about how it will shape the future of digital assets, inflation, and U.S. dollar dominance.

Meanwhile, new products like the Solana ETF and Robinhood’s tokenized stocks hint at a future where crypto is more tightly woven into the global financial system.

What's your reaction?

Excited
0
Happy
0
In Love
0
Not Sure
0
Silly
0
Abhijeet
Abhijeet is a Web3 and crypto writer who brings blockchain concepts to life with simple, engaging, and SEO-driven content. From DeFi and NFTs to emerging blockchain trends, he crafts stories that resonate with readers and build authority for Web3 brands.

    You may also like

    More in:News

    Leave a reply

    Your email address will not be published. Required fields are marked *