Bitcoin Soars Amidst House Vote Approving Trump’s Tax Cut Bill

The U.S. House Rules Committee approved a comprehensive tax cut bill proposed by former President Donald Trump on May 22nd, signaling the start of its journey in the House of Representatives. This approval has sparked discussions about potential economic impacts, particularly concerns regarding the federal deficit. Political and market responses reflect the uncertainty surrounding this legislation. The bill’s impact remains to be seen, with experts weighing various viewpoints.