President Donald Trump has put forward a $1.5T defense budget for fiscal year 2027, the largest military spending request in decades. The proposal lands at a moment when the US is entangled in prolonged military operations against Iran, and it signals a dramatic reshuffling of federal priorities that could ripple across every asset class, crypto included.

What’s in the proposal

The $1.5T request represents an increase of roughly 40-44% over the previous year’s defense allocation.

Approximately 52% of the defense request is earmarked for munitions, modernization, and support for service members.

The proposal frames itself around a “peace through strength” strategy amid escalating Middle East tensions. The budget is explicitly designed to realign federal spending toward “America First” policies.