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Today's Top Crypto Headlines:
Trump Bill Debate | Bitcoin Follows S&P Trend | North Koreans Crypto Fraud and more...
Good Morning Crypto Enthusiasts!
Glad to have you back for another edition of the UseTheBitcoin.com newsletter.
Trump Bill Sparks Crypto Clash: Trump’s massive tax and spending bill, dubbed the “One Big Beautiful Bill Act,” sparked fierce Senate debate.
Bitcoin May Mirror S&P Rally: Analysts predict Bitcoin could follow the S&P 500’s strong July trend, potentially breaking above $109K.
💡Feature of the Day - North Koreans Indicted for Crypto Fraud: Four North Koreans were charged with defrauding U.S. companies of nearly $1M by posing as remote blockchain developers.
All this and more in today’s headlines!
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📰 News Highlights:
U.S. senators are locked in a marathon "vote-a-rama" over Trump’s sprawling tax and spending bill, with hundreds of amendments on the table, including crypto-related ones.
For years, miners and stakers have been taxed TWICE. Once when they receive block rewards, and again when they sell it.
It’s time to stop this unfair tax treatment and ensure America is the world’s Bitcoin and Crypto Superpower. 🇺🇸
— Senator Cynthia Lummis (@SenLummis)
5:01 PM • Jun 30, 2025
Senator Cynthia Lummis proposed a clause to fix “double taxation” on crypto miners and stakers, exempt small transactions under $300, and apply the wash sale rule to digital assets.
America leads in financial innovation, and thanks to President Trump, we are keeping it that way! 🇺🇸 I am working on an OBBB amendment to ensure Americans can use digital assets without fear of tax violations. More to come soon!
— Senator Cynthia Lummis (@SenLummis)
4:22 PM • Jun 30, 2025
However, debate was heated — a Democrat-backed amendment to ban government officials and their families from promoting or owning crypto was voted down.
I appreciate my colleagues' concerns about ethics, but @SenWarren and @SenJeffMerkley’s amendment would seriously harm American innovation and competitiveness. If we are serious about ethics, let’s ensure digital assets receive the same treatment as other financial assets.
— Senator Cynthia Lummis (@SenLummis)
9:45 PM • Jun 30, 2025
The bill, dubbed the “One Big Beautiful Bill Act,” faces controversy not just over crypto but also projected debt increases.
Every member of Congress who campaigned on reducing government spending and then immediately voted for the biggest debt increase in history should hang their head in shame!
And they will lose their primary next year if it is the last thing I do on this Earth.
— Elon Musk (@elonmusk)
8:02 PM • Jun 30, 2025
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Despite a slow start to July, analysts are bullish that Bitcoin will mirror the S&P 500’s historical strength during the month, potentially pushing it toward a new all-time high.
IT HASN'T BEEN A RED JULY FOR THE PAST DECADES
GOOD FOR ALTS AND BITCOIN
— Mikybull 🐂Crypto (@MikybullCrypto)
9:12 AM • Jul 1, 2025
Traders like Mikybull Crypto and Crypto Fella point to July’s consistent gains for U.S. equities over the past decade, with expectations that BTC will break above $109,000.
$BTC - #Bitcoin on the edge of breaking out and likely to match the S&P for new ATHs in July.
— Crypto Fella (@CryptoFellaTx)
11:54 AM • Jun 29, 2025
While BTC dipped under $106,500 early in July, analysts are unfazed. Daan Crypto Trades suggests that consolidation is healthy before a breakout.
$BTC Still consolidating in this current range and channel.
With a new month and quarter, we often see a choppy start after which price chooses a direction later on.
Give it some time to play out and watch for confirmations.
— Daan Crypto Trades (@DaanCrypto)
6:39 AM • Jul 1, 2025
A breakout above the range could confirm bullish momentum.
💡 Feature of the Day:
Four North Koreans were indicted in Georgia for wire fraud and laundering nearly $1 million in crypto after posing as remote blockchain developers.
They infiltrated U.S. and Serbian companies using stolen and fake IDs, siphoning funds through source code exploits and laundering them via mixers and fraudulent exchange accounts.
The scheme was part of North Korea’s effort to evade sanctions and fund illicit programs, including weapons development.
😂 Crypto Meme of the Day:

Meme of the day provided by @cryptojobslist
And that’s it for this today.
See you all tomorrow’s edition!
Jonathan Gibson
UseTheBitcoin.com