The Senate passed Trump’s “big, beautiful bill” with 51-49 votes

The US Senate gave President Trump’s widely debated tax and spending bills a green light, passing it by a narrow 51-49 votes late Saturday night

What the bill is about, why it is causing an upsetting controversy, and what this means for Americans.

On top of that, a new legislative twist could have great consequences for crypto investors.

“Big and Beautiful Building” passed with 51-49 votes

The late-night vote shows Republicans are still split over some of Trump’s plans. Ultimately, the bill passed 51-49, with only Senators Tom Tillis and Rand Paul voted. Behind the scenes, the leader of the party worked hard to convince the hesitant senator to say yes.

Vice President JD Vance even came to the Capitol in case he had to break his tie, but this time he didn’t need an extra vote.

For Trump, who made the bill a central part of his second term, the vote showed how much his party was needed to get things done.

Trump was not silent as the votes were dragged down. He posted on the truth social that he was trying to support someone in order to run to Senator Tillis in 2026.

What is the “big beautiful bill”?

Included.

• Permanent 2017 tax cuts, no tips/overtime tax
• Defense and border funding is around $150 billion
• Increased $5 trillion debt cap to make it happen

There is a new Rural Medicaid Fund of $25 billion between 2028 and 2032, cutting billions of dollars from Medicaid and Snap.

We also propose to abolish the Green Energy Tax Credit, phase out the salt deduction and sell 1.2 million acres of federal land.

What does this mean for crypto traders?

While the spending bill stole the spotlight, Crypto traders keep an eye on the act of genius.

Previously, Top House member Tom Emmer said that genius acts could only pass if they conform well to another bill.