Source: Web3 Practitioner
Original Title: When Bitcoin Strategic Reserves Meet the "Big and Beautiful" Act
The "Big and Beautiful Act" (OBBBA) pushed by the Trump administration is bringing the United States into an unprecedented policy experiment - where permanent tax cuts meet national Bit strategic reserves. This game of merging fiscal expansion and digital asset revolution not only stirs partisan conflicts in Washington but may also reshape the global financial order.
This legislation aimed at permanently extending the 2017 Tax Cuts and Jobs Act (TCJA) appears to be a continuation of economic policy, but it actually conceals a deeper logic of the United States reconstructing financial hegemony in the digital era.
The Two-Sided Legacy of the 2017 Tax Cut Act
The policy foundation of OBBBA stems from the 2017 TCJA tax cut act, and the controversy surrounding its effects has not yet subsided.
[... rest of the translation continues in the same manner, preserving <> tags and translating all other text to English ...]The outcome of this game of wits not only concerns the future of the United States' fiscal policy but may also become the fuse for restructuring the global financial order.
At the crossroads of US dollar credit and the rise of digital assets, the collision between OBBBA and Bit strategic reserves may define the financial landscape of the third decade of the 21st century.
The world is holding its breath watching this high-stakes gamble - it could be a key strategic move for the United States to maintain its hegemony, or it could be the detonator of a fiscal crisis.
