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Flash News List

List of Flash News about Senate bill

Time Details
2025-05-21
19:32
Senate Unanimously Passes $25,000 Tax Deduction Bill for Tipped Workers: Impact on Crypto Market and Economic Sentiment

According to Fox News, the U.S. Senate unanimously passed a bill granting tipped workers a tax deduction of up to $25,000. This legislative move is seen as a significant boost to consumer spending power, particularly for lower-income groups, which could increase liquidity in both traditional and crypto markets. Traders should monitor potential upticks in retail-driven crypto activity as improved household finances often correlate with higher retail crypto investments. This development may also shift short-term sentiment for major coins like Bitcoin and Ethereum, as positive fiscal policy can spur broader risk-on market behavior. Source: Fox News (May 21, 2025).

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