Democratic Senators propose ban on crypto promotion by Trump, senior government officials amid stablecoin bill spat
8 Articles
8 Articles
Weekly Crypto Recap: Pectra Launch, Investigation into Trump’s Crypto Initiatives, and Miners Moving Away from HODLing
Bitcoin above $100,000 and Ethereum's 'god candle' Bitcoin opened the week at $94,800. The price mostly stayed below $95,000 for two days, but on May 7, the price tested $97,000 amid news of the U.S. and China meeting on tariffs. The price exceeded the $99,000 mark on the morning of May 8. The driver was US President Donald Trump's promises to deliver the "biggest tax cut ever" and a "major trade agreement". Bitcoin's realized capitalization rea…
US Senate Democrats Introduce Bill to Curb Officials' Crypto Endorsements
Senate Democrats propose a crypto endorsement ban for top U.S. officials and families. Bill responds to Trump, Musk ties to memecoins; enforcement scope remains unclear. Separate stablecoin regulation bill fails key Senate vote despite bipartisan support. Twenty Senate Democrats in the U.S. have put forward a new bill designed to restrict cryptocurrency endorsements and related activities among top government officials and their immediate famili…
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