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Tag: Cryptocurrency Legislation

Trump Announces Key GOP Backing for Cryptocurrency Bills in House

Trump Announces Key GOP Backing for Cryptocurrency Bills in House

Trump Announces Key GOP Backing for Cryptocurrency Bills in House Former President Donald Trump has declared a major breakthrough for his cryptocurrency legislative agenda, asserting that most House Republican holdouts have now pledged their support for his proposed bills. This development signals a significant shift after a recent procedural vote saw thirteen Republicans, largely hardline conservatives, join all Democrats to temporarily block the legislative package. Trump’s reported success in securing these crucial endorsements paves a clearer path for the advancement…

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Bitcoin Soars Past $123,000 as US Congress Kicks Off Landmark ‘Crypto Week’

Bitcoin Soars Past $123,000 as US Congress Kicks Off Landmark ‘Crypto Week’

Bitcoin Soars Past $123,000 as US Congress Kicks Off Landmark ‘Crypto Week’ Bitcoin has shattered records, surging past $123,000 this Monday, marking a significant milestone as the cryptocurrency market experiences unprecedented growth. This latest peak follows a rapid ascent from approximately $108,000 just a week prior, solidifying Bitcoin’s position as the fifth most valuable asset globally with a market capitalization exceeding $2.4 trillion, surpassing even Amazon. The dramatic price movement coincides with a landmark “crypto week” in the U.S. Congress,…

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Bitcoin Surges Past $120,000 Amid Critical US Congressional Crypto Deliberations

Bitcoin Surges Past $120,000 Amid Critical US Congressional Crypto Deliberations

Bitcoin Surges Past $120,000 Amid Critical US Congressional Crypto Deliberations Bitcoin has shattered the $120,000 barrier, marking a significant milestone as investor confidence in the cryptocurrency market shows no signs of waning. This surge coincides with a pivotal ‘Crypto Week’ in the U.S. House of Representatives, where key industry legislation is under active consideration. The premier cryptocurrency soared by as much as 3.4%, reaching an intraday high of $123,205, before stabilizing around $121,600 during morning trading in New York. The…

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Senate Gives Green Light to Landmark Stablecoin Bill: A Crypto Industry Victory?

Senate Gives Green Light to Landmark Stablecoin Bill: A Crypto Industry Victory?

Senate Gives Green Light to Landmark Stablecoin Bill: A Crypto Industry Victory? In a significant bipartisan victory for the cryptocurrency industry, the Senate passed the GENIUS Act on Tuesday, paving the way for a federal regulatory framework for stablecoins – digital currencies pegged to the US dollar. The 68-30 vote marks a crucial step towards legitimizing the burgeoning digital asset market. The bill allows private companies to issue their own stablecoins, potentially revolutionizing the financial landscape. However, the path to…

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