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    Home»Crypto News»This Week in Crypto: Massive Lovely Invoice, Trump-Musk Break up, New ETF Approvals
    This Week in Crypto: Massive Lovely Invoice, Trump-Musk Break up, New ETF Approvals
    Crypto News

    This Week in Crypto: Massive Lovely Invoice, Trump-Musk Break up, New ETF Approvals

    By Crypto EditorJuly 5, 2025Updated:July 5, 2025No Comments5 Mins Read
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    A variety of main occasions occurred in crypto this week, because the Massive Lovely Invoice handed, prompting one other break up between Elon Musk and President Trump. Robinhood unveiled tokenized shares and different bold objectives.

    The primary Solana staking ETF started buying and selling on US markets, however the SEC delayed Grayscale’s altcoin basket product. All these tales and extra can be found at BeInCrypto.

    Trump Indicators Massive Lovely Invoice Into Regulation

    This week, a key piece of regulation with large implications for crypto handed, as Trump’s Massive Lovely Invoice made it by the Senate and Home of Representatives. Though many crypto- and AI-specific provisions didn’t survive the ultimate model, the invoice because it stands will nonetheless have large implications.

    Earlier right now, on the Fourth of July, Trump lastly signed the $3.3 trillion invoice into legislation.

    Donald J. Trump Reality Social 07.03.25 07:13 PM EST

    Nice job by the Speaker of the Home, Mike Johnson, who spearheaded the drive in Congress for the approval of the “ONE BIG BEAUTIFUL BILL ACT.” He has Nice Energy and Knowledge, and can go down as one of the profitable…

    — Commentary Donald J. Trump Posts From Reality Social (@TrumpDailyPosts) July 4, 2025

    Of the various points that the Massive Lovely Invoice covers, large tax cuts appear most salient to the crypto ecosystem. These cuts is not going to solely encourage home crypto funding, however they’re additionally prone to considerably weaken the greenback.

    By rising the deficit and monetary instability, the invoice could encourage Bitcoin’s use as a retailer of worth.

    Trump and Musk Fallout Once more

    After all, the crypto neighborhood is much from united on the Massive Lovely Invoice. This week, Elon Musk warned supporters of its main potential downsides, sending shockwaves by the crypto market.

    Musk may be very involved in regards to the US deficit, as evidenced by his time at D.O.G.E., and he repeatedly warned that this invoice may result in a recession:

    Each member of Congress who campaigned on lowering authorities spending after which instantly voted for the most important debt improve in historical past ought to dangle their head in disgrace!

    And they’ll lose their main subsequent 12 months whether it is the very last thing I do on this Earth.

    — Elon Musk (@elonmusk) June 30, 2025

    For the final a number of days, Musk has vowed to create a brand new political occasion if the Massive Lovely Invoice passes. This might symbolize a extra everlasting political divorce from Trump, which could significantly affect the meme coin market.

    Up to now, Musk remains to be working a social media ballot about this third occasion, and his plans could not really materialize.

    Solana Staking ETF Begins Buying and selling

    In a lighter piece of crypto information, the US’ first Solana Staking ETF started buying and selling earlier this week. The SEC gave constructive alerts concerning potential approval a number of days earlier than, and the product is now stay on regulated exchanges.

    This represents an enormous breakthrough for the crypto ETF sector.

    Now buying and selling: The REX-Osprey™ SOL + Staking ETF, $SSK! 🆕🎉

    The primary U.S.-listed ETF providing native Solana staking rewards.
    ✅SOL Publicity.
    ✅Property actively staked.
    ✅100% of staking rewards handed by, paid month-to-month.

    Solana publicity with staking rewards, delivered… pic.twitter.com/qYAOjUF31H

    — REX Shares (@REXShares) July 2, 2025

    Sadly, the crypto ETF subsector additionally acquired some unhealthy information this week. Though the SEC ostensibly authorised Grayscale’s new basket ETF, containing a number of main altcoins, it initiated one other delay quickly after.

    The Fee’s last deadline to approve such a product was July 2, however this unorthodox technique could have given it somewhat extra time.

    It’s unclear why precisely the SEC determined to take this place. It’s additionally engaged on a streamlined ETF utility course of, which can assist clarify the state of affairs. There are dozens of energetic proposals already, and no one is aware of how they’ll work together with this newfangled mechanism.

    Robinhood Launches Tokenized Shares

    This week, Robinhood unveiled its long-term plans for growth within the crypto trade. The agency has been exploring this marketplace for over a 12 months, however its current presentation at EthCC 2025 detailed very bold objectives.

    Robinhood plans to tokenize over 200 shares and ETFs for the US and European markets, turning its crypto app into an all-in-one funding platform.

    The agency additionally introduced a number of different objectives, like its personal Layer-2 blockchain, perpetual futures contracts for EU customers, token staking for the US market, and extra.

    If completed, these milestones may assist solidify Robinhood’s stature as a serious presence within the crypto trade.

    “Solana’s MicroStrategy” Goes All in on Acquisition

    In a last piece of crypto information this week, DeFi Improvement introduced a $100 million inventory sale to fund Solana acquisition.

    An enormous variety of companies are shopping for Bitcoin, elevating issues of a bubble, however DeFi Improvement is the one agency to try a SOL treasury plan. Its inventory worth crashed when it introduced this sale, however recovered all through the week.

    This Week in Crypto: Massive Lovely Invoice, Trump-Musk Break up, New ETF Approvals
    DeFi Improvement Value Efficiency. Supply: Google Finance

    No matter what occurs, DeFi Improvement’s enterprise will yield priceless details about market appetites. As MicroStrategy-style company treasury plans take over the complete Bitcoin sector, an altcoin acquisition effort would possibly shake every part up.

    These tales are only a small collection of the foremost occasions that occurred in crypto this week. As at all times, BeInCrypto stands able to hold you knowledgeable of all market developments.

    Disclaimer

    In adherence to the Belief Challenge pointers, BeInCrypto is dedicated to unbiased, clear reporting. This information article goals to offer correct, well timed data. Nevertheless, readers are suggested to confirm information independently and seek the advice of with an expert earlier than making any selections based mostly on this content material. Please notice that our Phrases and Circumstances, Privateness Coverage, and Disclaimers have been up to date.





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