Crypto News Today July 1 : Trump Musk, Big Beautiful Bill, Ripple (XRP) Price and Pi Network

DOGE is reportedly urging the SEC to ease regulations on SPACs and private fund reporting, aiming to lower compliance costs and streamline public listings. The move follows Trump’s February executive order directing DOGE to identify and eliminate costly federal regulations. Critics warn the changes could reduce transparency and increase risk, raising concerns about political interference in financial oversight.

No — as of July 1, 2025, the Senate has not passed the “Big Beautiful Bill.” Republicans remain locked in a marathon “vote‑a‑rama” on amendments, working feverishly to secure a majority. GOP unity is fractured between moderates and conservatives, and key provisions—like state-level AI regulation bans—have already been stripped out. With no final Senate vote yet and the July 4 deadline looming, its passage remains uncertain.