BlockBeats News, July 2nd, during an interview, U.S. President Trump mentioned the possibility of "expelling" Musk and criticized him for receiving a large amount of government subsidies. This conflict stems from the "Big and Beautiful Act" proposed by Trump, which covers tax cuts, defense spending, and immigration policies, among others, and is expected to be implemented by 2025.

The ongoing controversy of the "Big and Beautiful Act": The total amount of the "Big and Beautiful Act" is $3.3 trillion, aiming to stimulate the economy through tax cuts and increased spending. However, Musk strongly opposes the act, believing that it will increase the deficit and be detrimental to companies like Tesla, especially with the provision to cut electric vehicle tax credits. He also criticized the act for exacerbating economic inequality.

Potential impact on the crypto industry: While Trump's "Big and Beautiful Act" is not directly related to cryptocurrency, due to the potential increase in the fiscal deficit, investors may turn to hedge in assets like Bitcoin, which is a positive development for BiyaPay users. The tax reduction measures in the act also provide a more favorable tax environment for cryptocurrency investors.

BiyaPay platform conveniently offers users multiple advantageous features to seize these potential opportunities:· Supports USDT deposits for exchange into over 30 fiat currencies such as USD, EUR, HKD, SGD, enabling fast and secure international remittances.· Supports exchange among 200+ cryptocurrencies like BTC, Ethereum with zero transaction fees for spot and contract trading.· Supports USDT for trading U.S. and Hong Kong stocks, allowing users to participate in stock trading in real-time without the need for an offshore account.

Overall, the "Big and Beautiful Act" may drive up demand for crypto assets, and BiyaPay users can leverage the platform's features to optimize their asset allocation and capitalize on market changes.