Pro XRP lawyer John E. Deaton has offered a bold perspective, claiming Elon Musk’s Tesla will buy more Bitcoin. His post on X came in response to a recent tweet from Musk himself, where the Tesla CEO expressed strong disapproval of the new “Congressional spending bill.”
On X, Musk stated, “I’m sorry, but I just can’t stand it anymore. This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination.”
He added, “It will massively increase the already gigantic budget deficit to $2.5 trillion (!!!) and burden American citizens with crushingly unsustainable debt.” Responding to Musk, Deaton tweeted, “Wouldn’t be surprised to see Elon and Tesla buy more Bitcoin. The Big Beautiful Bill is a walking billboard and advertisement for buying Bitcoin.”
This comes as Tesla is already rumored to buy $3 billion in Bitcoin. However, the EV giant is yet to make an official announcement. Nonetheless, it’s worth noting that the company already holds 11,509 BTC worth $1.22 billion, according to data from Arkham Intelligence.
Coming back to the bill, as of early June 2025, the “One Big Beautiful Bill Act” is currently under active consideration in the U.S. Senate. The Republican leadership wishes to pass it by both chambers and send it to the President’s desk by July 4.
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