A recent hearing by the US Senate Banking Committee’s subcommittee on digital assets, intended to discuss a bipartisan legislative framework for crypto market structure, saw notably low attendance. Only five out of the 11 typical members of the subcommittee were present to question former regulators and industry experts. This limited participation, noted by subcommittee chair…
Texas has dramatically rewritten the narrative of state-level cryptocurrency engagement, becoming the inaugural U.S. state to establish a publicly funded Bitcoin reserve. Over the weekend, Governor Greg Abbott cemented this historic move by signing Senate Bill 21 into law, officially dedicating $10 million for the state’s Bitcoin acquisition. This decisive action transcends mere legislative interest,…
The recent Iran-Israel ceasefire has delivered a much-needed stabilization to world markets and injected new life into cryptocurrencies, with Bitcoin notably rising back over $105,000 after a temporary dip below $100,000 last week. Confirmed by US President Donald Trump on June 24, this agreement brought an end to 12 days of escalating tensions that had…
The United States Federal Housing Finance Agency (FHFA) is embarking on a significant study to determine if cryptocurrency holdings can be considered in mortgage qualification assessments. This initiative, announced by FHFA Director William Pulte, marks a potential turning point for integrating digital assets into traditional financial systems. If approved, allowing borrowers to list Bitcoin, stablecoins,…
Two prominent Republican senators are set to introduce a pivotal framework for a major bill designed to establish clear rules for digital assets. This initiative aims to define how cryptocurrencies will be classified and regulated, specifically addressing whether they fall under the purview of the Securities and Exchange Commission (SEC) or the Commodity Futures Trading…
The recent US airstrike targeting key Iranian nuclear facilities and President Donald Trump’s subsequent warning have sent ripples across global financial markets. While cryptocurrencies experienced a noticeable decline, reflecting their nature as riskier assets, many Gulf stock exchanges demonstrated unexpected resilience, recording gains. This immediate market divergence highlights how geopolitical events can trigger varied reactions…
The stablecoin sector, once a niche part of the cryptocurrency market, is now experiencing exponential growth and is projected to reach an astounding $2 trillion in value within just three years. This optimistic outlook comes directly from US Treasury Secretary Scott Bessent, who sees stablecoins as a crucial instrument in addressing significant economic challenges. This…
President Donald Trump’s recent airstrikes targeting Iran’s Fordow, Natanz, and Isfahan nuclear sites have plunged geopolitical relations into uncharted territory. Despite his call for peace, the military action has been widely perceived as a declaration of war, setting off a chain of reactions across global markets. The initial hours saw volatile shifts, particularly in the…
Texas has officially become the third U.S. state to establish a government-run Bitcoin reserve, signaling a growing and significant trend of digital asset adoption at the state level. Governor Greg Abbott’s signing of Senate Bill 21 into law empowers the Texas Comptroller to strategically allocate state resources into Bitcoin, forming a newly created fund that…
President Donald Trump, in the past year, has generated over $10 million from a diverse range of merchandise sales, including watches, sneakers, bibles, and guitars. However, a recent financial disclosure report reveals that his stake in a cryptocurrency platform proved to be his most profitable venture of all. This unprecedented financial success from digital assets…
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