House passes 1st major regulation for crypto industry
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3 crypto bills advance in House. Why investors are hopeful.
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The crypto industry was headed for a landmark moment in the House with three bills that it helped push going to a vote. But a coalition of ultraconservative House Republicans staged a mutiny.
Trump joked that Congress named the stablecoin legislation, which creates the first federal framework for dollar-pegged stablecoins, after him.
"Crypto Week" kicks off in the U.S. as lawmakers debate key bills that could reshape digital asset regulation. Here’s what the legislation means for Bitcoin, investors, and the future of crypto in America.
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Stocks tied to crypto trading gained as well. Coinbase rose 4%, hitting an all-time intraday high surpassing its initial pop on its IPO date in 2021, and pacing for its fifth positive week in a row. Robinhood also added 4%. Ether treasury stock Bitmine Immersion continued its rally, jumping 12% Friday.
Bitcoin reached all-time high above $123,000 as lawmakers prepare crypto regulatory bills during "Crypto Week," following Trump's pledge to make the U.S. a "bitcoin superpower."
Shares of Robinhood surge nearly 200% from all-time lows, boosted by bullish analyst calls, rising earnings forecasts, and a wave of pro-crypto sentiment from Washington.
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One in five of Trump’s closet allies hold significant cryptocurrency assets - Several cabinet members, including Vice President JD Vance and Treasury Secretary Scott Bessent, have all reported persona