Trump, cryptocurrency
Digest more
President Donald Trump says a deal has been made with almost all the Republican House members who sank a procedural vote on his cryptocurrency bills Tuesday.
As Trump prepares to sign the law, Consumer Reports' senior director monitoring digital marketplaces, Delicia Hand, told Ars that the group plans to work with other consumer advocates and the implementing regulator to try to close any gaps in the stablecoin legislation that would leave Americans vulnerable.
Bitcoin and other major cryptocurrencies traded higher Wednesday after President Donald Trump said he expects the House to pass the GENIUS Act.
After a failed House vote, Trump says 11 of 12 key lawmakers now back advancing the GENIUS Act. One day after the U.S. House failed to advance a key crypto legislative proposal, President Donald Trump announced on Truth Social that 11 of the 12 key lawmakers needed to support the GENIUS Act have now agreed to support the rule to advance the bill.
President Donald Trump announced Tuesday that he has the votes to advance the controversial Guiding and Establishing National Innovation for U.S. Stablecoins, also known as the GENIUS Act. The bill seeks to create a legal framework for stablecoins,
House Republican leaders’ plans to pass three industry-backed crypto regulatory measures hit a bump Tuesday as GOP conservatives broke with President Donald Trump on the path forward for the legislation.
Republicans who voted against the cryptocurrency regulation legislation objected to how the bills were structured.
If you bet “Donald Trump ends an investigation into a Peter Thiel-backed cryptocurrency platform,” you can claim your winnings. According to Bloomberg, two investigations into the prediction market Polymarket have been shut down by the Trump administration, just in time for Republican lawmakers’ planned “Crypto Week.”