Crypto Weekly: Trump’s $3.3T Bill, Elon’s Meltdown & Solana’s ETF – You Won’t Believe #4! 🤯

Well, grab your popcorn and a stiff drink, because this past week in crypto was the sort of theatrical chaos that makes you wonder if reality’s been outsourced to the writers of South Park. On the menu: the “Big Beautiful Bill” barrel-rolled through Congress, Trump and Musk had another very public tiff, and Robinhood has thrown its hat into an already-crowded blockchain gladiator ring.

Investors watched the debut of the first ever Solana staking ETF (because apparently ETFs are now Pokémon, and you gotta list ’em all), while the SEC decided to play hide-and-seek with Grayscale’s shiny new altcoin basket. If you missed any of this melodrama, don’t worry—you’re probably better off, but here are the highlights anyway.

Trump Signs the ‘Big Beautiful Bill’ – $3.3 Trillion, Give or Take a Few Yachts

We finally got to see Trump drape a piece of legislation in superlatives and sign it into law, right on the Fourth of July, because nothing says “financial fireworks” like a bill taller than most mid-sized European nations. Much like a buffet with three dessert tables, not everything made it through to the end—numerous crypto and AI bits were quietly bussed away. Still, what stayed was substantial enough to send the entire market scrambling for antacids.

By the way, the $3.3 trillion price tag is roughly enough to buy you half of Mars, assuming Elon ever gets around to putting it on the market. 🍰🚀

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

Great job by the Speaker of the House, Mike Johnson, who spearheaded the drive in Congress for the approval of the “ONE BIG BEAUTIFUL BILL ACT.” He has Great Strength and Wisdom, and will go down as one of the most successful…

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

The real sizzle in the bill, at least for those with their pockets lined in blockchain, is the set of massive tax cuts. Not only does this hand folks a cheery incentive to go all-in on crypto, but it’s also likely to turn the dollar into Monopoly money, and some pundits are already hunting for wheelbarrows to haul their cash. Can you say “Bitcoin store of value?” Or at least “Bitcoin store of escapism?”

Trump and Musk: From Power Couple to Fussy Roommates

If you were hoping for a calm, dignified policy debate, bless your soul. Instead, Elon Musk (of ‘please make Dogecoin great’ fame) decided this week was a good moment to wield his Twitter account like a broadsword. As Trump toasted his bill, Musk was hosting a virtual town hall somewhere between outrage and existential dread.

Never one to understate things, Musk mused that this was the “biggest debt increase in history,” and suggested certain members of Congress look deeply ashamed—or at least take a remedial math class. If you didn’t catch his latest threat to launch a third political party over this, just wait; by next week he may be promising to install Dogecoin as the national currency.

If Musk delivers on launching a new political party, not only will meme coins explode, but C-SPAN might finally get the ratings boost it deserves. Stay tuned—or don’t, for the sake of your blood pressure.

Solana Staking ETF: Now You Too Can Stake and Shake!

In a – dare I say it – uplifting twist, the first Solana staking ETF went live in the US. Yes, even after the SEC delivered the regulatory equivalent of an agitated shrug, REX Shares’ ETF waltzed onto the exchange floor this week, making it officially easier to invest in Solana than to figure out how to stake it yourself. (Just don’t ask your dad’s financial planner what “staking” means.)

Of course, it wouldn’t be the crypto ETF universe without at least one plot twist: Grayscale’s altcoin basket ETF was set to roll, but the SEC, in an adorable burst of indecision, decided to delay things. Because why approve now when you can dither heroically?

The ETF application backlog is now approximately the same length as the line for Taylor Swift tickets and equally full of heartache. Who knows what other creative hurdles will appear before approval?

Robinhood Launches Tokenized Stocks: One App to Rule Them All (Or Confuse Everyone)

Meanwhile, Robinhood—never content to leave a buzzword unclaimed—presented a smorgasbord of future goals at EthCC 2025. The big claim? Tokenize 200+ stocks and ETFs so your crypto app can double as a small hedge fund, a day-trader’s fever dream, or possibly the world’s least readable interface.

Other plans include launching a Layer-2 blockchain (“Everybody gets a blockchain!”), perpetual futures for EU users, US token staking, and probably a kitchen sink somewhere in there. Should all this come to pass, Robinhood will complete its transformation—from zero-fee brokerage to technological hydra with ambitions bigger than its legal department.

“Solana’s MicroStrategy” Decides to YOLO $100 Million

For dessert, DeFi Development announced it’s selling $100 million in stock to purchase Solana tokens, hoping to become the MicroStrategy of the altcoin era. The result was predictable: their share price initially plummeted like a lead balloon tied to an anvil, before rallying back once the suits figured out it might just work (or at least make for good headlines).

Is a Solana corporate treasury plan the next big thing, or the latest harrowing rollercoaster on the crypto ride? Either way, popcorn sales may spike. As for Bitcoin and the whole ETF soap opera, you can count on BeInCrypto to keep dishing out updates—whether you want them or not.

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2025-07-05 03:22