Trump, Crypto and Ether
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The crypto sector's market value hit $4 trillion on Friday, according to CoinGecko, marking a milestone that reflects its shift from a nascent asset class to a central part of the global investment landscape.
President Trump signed the first major cryptocurrency bill into law Friday, marking a key milestone for an industry that has found a crucial ally in the president. He touted the GENIUS Act, which establishes a regulatory framework for dollar-backed digital tokens called stablecoins,
The push follows a failed procedural vote in the House on July 15, which would have allowed debate on three crypto-focuse
Eaglebrook Advisors' CEO Chris King expects his crypto SMA investing firm to jump from managing nearly $400 million to $1 billion over the next 12 months, as president Donald Trump signs the GENIUS Act and Bitcoin comes off new all-time highs.
Over 1 in 5 top Trump appointees reported investments in crypto and other digital assets, far more than previous administrations, a Post analysis found.
The House this week took up a trio of bills that would establish a federal framework for regulating the cryptocurrency industry. One of the measures is about to clear Congress and become law.
A day after President Donald Trump claimed a deal was reached with GOP holdouts, the House was yet again locked in a standstill over moving forward on a trio of crypto bills -- breaking a record for the longest House vote in recent history.