PANews reported on June 29 that according to Cailian News, on June 28 local time, the U.S. Senate passed a procedural motion by a vote of 51 to 49. ThisPANews reported on June 29 that according to Cailian News, on June 28 local time, the U.S. Senate passed a procedural motion by a vote of 51 to 49. This

U.S. Senate votes to pass procedural motion to advance "big and beautiful" bill

2025/06/29 11:26

PANews reported on June 29 that according to Cailian News, on June 28 local time, the U.S. Senate passed a procedural motion by a vote of 51 to 49. This motion aims to advance the massive tax and spending bill that U.S. President Trump called "big and beautiful". After the U.S. Senate passed the procedural vote, the possibility of the bill passing in the next few days has increased. It is reported that after the procedural motion is passed, the massive tax and spending bill will go through reading, debate, amendment voting and final vote, which is expected to take several days, with the goal of sending it to the U.S. President for signature before July 4.

In the early morning of May 22, local time, the Republican-controlled House of Representatives of the United States Congress passed a large-scale tax and spending bill with a one-vote advantage, with 215 votes in favor and 214 votes against, and submitted it to the Senate for deliberation. The bill contains multiple clauses and more than 1,000 pages, focusing mainly on tax cuts and spending cuts. The bill will extend the corporate and individual tax cuts passed by Trump in 2017 during his first presidency, provide new tax breaks for tips, car loans, etc., increase defense spending, and provide more funds to combat illegal immigration.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

SUI Surges From Consolidation, Buyers Regain Control Above $1.78

SUI Surges From Consolidation, Buyers Regain Control Above $1.78

SUI had a good start to 2026 after a long consolidation, finally breaking higher above pivotal support. On the 4-hour timeline, the coin transitioned from relative
Share
Tronweekly2026/01/12 18:05
Shibarium releases security incident update: Specific bridge operations have been restricted, limiting the attacker's short-term BONE token staking

Shibarium releases security incident update: Specific bridge operations have been restricted, limiting the attacker's short-term BONE token staking

PANews reported on September 21st that the Shibarium cross-chain bridge, which connects the Layer 2 network Shibarium and Ethereum, was previously attacked by a flash loan, with approximately $2.4 million in ETH and SHIB stolen. Shibarium has now released a security incident update, stating: 1. Specific bridge operations have been restricted to prevent new unauthorized transactions; 2. Upgrade and restrict potential abuse paths (deposits/withdrawals/claims/rewards) and add targeted defensive controls to prevent abuse of delegated staking; 3. Recover and protect the at-risk BONE held by the staking managers. The attacker’s short-term BONE staking will be effectively restricted by intervention and protocol mechanisms. 4. Rotate validator signers and migrate contract control to multi-party hardware custody; continue the broad migration away from legacy keys; 5. Real-time monitoring of attacker traffic; automatic alerts and reporting to partners and exchanges; 6. Hire independent security researchers, incident response firms, and relevant departments.
Share
PANews2025/09/21 17:26
Trove ICO Rule Changes Allegedly Impact Trader Losses

Trove ICO Rule Changes Allegedly Impact Trader Losses

Allegations of modifications to Trove's ICO rules reportedly influenced significant market reactions, leading to notable trader losses and concerns about fairness
Share
coinlineup2026/01/12 18:44