Crypto, Congress
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House, regulation and crypto industry
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On Tuesday, a dozen conservatives sank a procedural vote to advance three crypto bills, including the GENIUS Act, which would establish a regulatory framework for the $250 billion market for stablecoins, a type of cryptocurrency tied to the value of an asset like the U.S. dollar.
Bitcoin rose to over $120,000 on Monday, breaking the cryptocurrency’s all-time high as Congress considers several pieces of pro-crypto legislation. The digital currency peaked at around $122,600 mid-afternoon Monday before declining to around $116,
United States Congressional lawmakers debate key pieces of crypto regulatory bills on the floor of the House of Representatives.
U.S. Rep. Shri Thanedar's investment in cryptocurrency for his reelection campaign is paying off, contributing to a nearly $8 million war chest.
Florida lawmakers helped by the cryptocurrency industry are joining a House majority backing the first crypto regulatory bill adopted by Congress.
"These bills are a gift-wrapped invitation for Trump to continue his full-scale crypto con," warned Rep. Maxine Waters.
On today’s episode of CNBC Crypto World, bitcoin falls as new data showed consumer prices rose in June. Plus, crypto asset manager Grayscale announces it confidentially filed with the SEC to go public on U.