T here would be a great irony if cryptocurrency — which was created in 2008 to provide an alternative to the mainstream financial system that had just failed — led to another economic crash. But that is what a handful of experts fear could happen now that Congress has passed the GENIUS Act, a major piece of crypto legislation.

Funding clawback: In a vote early Friday, Congress approved a White House request to claw back $9 billion for foreign aid and public broadcasting, after Republicans bowed to Mr. Trump in an unusual surrender of congressional spending power. The House’s 216-to-213 vote sent the package to Mr. Trump for his signature. Read more ›

Kraken has launched Kraken Derivatives US, a regulated crypto derivatives platform, offering U.S. traders access to CME-listed crypto futures through its Kraken Pro interface. The move expands Kraken’s U.S. product offering and brings futures trading into the same environment as its existing spot markets.

The week ahead on Capitol Hill will be a defining moment for cryptocurrency legislation in the country. Lawmakers are preparing for what’s being referred to as “Crypto Week,” a packed slate of votes and discussions that could determine how crypto,

The cryptocurrency has extended its rally as lawmakers consider legislation that would bring digital tokens further into the mainstream.

As Bitcoin price hits new highs and altcoins soar, traders are curious to know if a new super cycle has begun. Institutional flows are growing, but retail interest and App Store rankings remain unusually low. A weakening US dollar or major ETF adoption could push the crypto market cap well above its previous highs.