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The first committee approval of a stablecoin bill in this new congressional session now moves the so-called GENIUS Act toward the Senate floor. The Senate Banking Committee led by Senator Tim Scott has approved a stablecoin bill. (Jesse Hamilton/CoinDesk) What to know: The U.S. Senate Banking Committee cleared a bill to regulate stablecoin issuers, passing it 18-6. With that first...
A bipartisan majority in the US House of Representatives voted to repeal the so-called IRS DeFi broker rule. A bipartisan majority in the US House of Representatives voted to repeal the so-called IRS DeFi broker rule. The US House of Representatives has voted in favor of nullifying a rule that would have required decentralized finance (DeFi) protocols to report to...
Strategy founder Michael Saylor says the US government should aim to hold a quarter of Bitcoin’s entire supply by 2035, when 99% of all BTC will have been issued. Strategy founder Michael Saylor says the US government should aim to hold a quarter of Bitcoin’s entire supply by 2035, when 99% of all BTC will have been issued. Strategy founder...
The U.S. president directed his administration to establish a bitcoin reserve to hold seized assets, and it's setting up a separate crypto stockpile. President Donald Trump signs an executive order calling for his administration to establish a strategic reserve for bitcoin. (screen capture, White House video) What to know: President Donald Trump ordered a bitcoin reserve set up for...
U.S. President Donald Trump is slated to host the summit. U.S. President Donald Trump on Feb. 27, 2025. (Photo by Andrew Harnik/Getty Images) What to know: Executives from crypto companies, including Coinbase, Chainlink, and Exodus, will attend U.S. President Donald Trump's first White House crypto summit. It's unclear how many crypto executives will attend or what the agenda may...
The U.S. president provided the first details about what a crypto reserve may look like. What to know: U.S. President Donald Trump announced that XRP, Solana, and Cardano would be included in a U.S. strategic crypto reserve. He later added Bitcoin and Ethereum to the list of assets composing the reserve. XRP, SOL, and ADA experienced significant price surges on...
Bitcoin has fallen below $80,000 for the first time in over three months as macroeconomic uncertainty mounts over Donald Trump's proposed tariffs. Bitcoin has fallen under $80,000 for the first time since November amid mounting macroeconomic uncertainty over US President Donald Trump’s proposed tariffs. On Feb. 27, Bitcoin (BTC) plummeted to $79,752, according to TradingView data. The price 2.65% decline over the...
The interest rate outlook has gotten appreciably softer over the past couple of weeks. Robert De Niro and Joe Pesci in 'Casino' (Everett Collection) What to know: A speculative bubble has burst in the broader crypto market and bitcoin has now succumbed to frenzied selling. Many bitcoin bulls have turned bearish, at least in the short-term. Traditional markets are...
The statement came shortly after Lookonchain reported Bybit had bought $742 million worth of Ether between Feb. 22 and 23. Bybit CEO Ben Zhou says his cryptocurrency exchange has fully replaced the $1.4 billion worth of Ether that was hacked on Feb. 21. A new audited proof-of-reserve report will be published very soon to show Bybit’s client assets are back...
"At Bitget we strongly believe in supporting the community and everyone contributing towards the growth of crypto," company CEO Gracy Chen told CoinDesk. What to know: Bybit stolen funds are on the move and being converted to bitcoin. Bitget has moved some of its own reserves to Bybit to help support the exchange, CEO Gracy Chen said. Chen added that...