US Banks Allowed to Provide Crypto Custody and Execution Services, OCC Confirms
The U.S. Secretary of the Currency Office has announced that both the National Bank and the Federal Savings Association can engage in buying and selling cryptocurrency on behalf of clients. This update, shared on Wednesday, builds on prior guidance and eliminates some earlier supervisory obstacles. It highlights a broader acceptance of cryptocurrency activities within the […]
Crypto Bill Fails for Now, but Democratic Agreement Stays Strong
Today, crypto leaders faced a momentary setback as the Senate failed to advance proposals for a modest regulatory framework. Democrats chose to vote against the bill due to not having reviewed the final text. However, this does not alter the general outlook among insiders who anticipate that Democrats will eventually come to an agreement on […]
Trump Comments on Fed Chair’s Feelings as Crypto Market Rises
Simply put The Federal Reserve decided to keep interest rates the same on Wednesday. Meanwhile, Bitcoin surged past $100,000 on Thursday. President Trump continued to voice his criticism of Federal Reserve Chairman Jerome Powell. On Thursday, Bitcoin and various cryptocurrencies saw a notable rise, buoyed by the recent US-UK trade agreement, even as Chairman Powell […]
Crypto leader Alex Mashinsky receives a 12-year prison sentence for Celsius fraud.
Alex Masski, the founder and former CEO of Celsius Network, which recently went bankrupt, received a 12-year prison sentence on Thursday after admitting to securities and product fraud back in December. This sentence was handed down by US District Judge John Cortre in Manhattan and marks one of the most prolonged criminal cases linked to […]
Crypto Stocks Rise as Bitcoin Exceeds $100,000 for the First Time in Three Months
Key Takeout Bitcoin prices surged past $100,000 for the first time since early February, boosting crypto-related stocks. Shares of Coinbase reflected a similar rise, along with major Bitcoin investors and crypto miners Mara and Riot. The price surge followed President Donald Trump’s announcement of a trade deal with the UK, fostering optimism about trade discussions […]
Senator Ruben Gallego Is About to Betray the Crypto Community After Receiving $10 Million from a Pro-Crypto PAC
Gallego Faces Fallout from Stolen Funds in Crypto Backing Senator Ruben Gallego (D-AZ) finds himself embroiled in controversy following the theft of $10 million from a pro-crypto super PAC amid the 2024 Senate election. Currently, Gallego is in a tough race against Republican Kari Lake, vying for the seat left vacant by Senator Kirsten Sinema’s […]
Senate likely to continue towards a vote to promote crypto legislation while bipartisan discussions are in progress.
Senate Moves Forward with Crypto Regulation Vote WASHINGTON – The Senate, led by Republicans, is set to proceed with a vote on a bipartisan crypto-regulation bill this Thursday. However, there are uncertainties regarding whether sufficient support from Democrats will materialize, as discussions between the parties continue. The Senate Banking Committee had approved the Genius Act […]
Progressive Group Criticizes Democrats for Being ‘Completely Involved’ in Industry-Supported Crypto Bill
Senate Set to Vote on Controversial Cryptocurrency Bill The Senate appears ready to move forward with a vote on Thursday regarding a new legislative framework for cryptocurrency known as Stablecoin. This bill has faced criticism from the group Our Revolution, which accused Democrats of orchestrating a “conspiracy” behind its formation. Joseph Guibarghese, the Executive Director […]
Trump Under Senate Subcommittee Investigation for ‘Crypto Corruption’
Simply put Democratic Senator Richard Blumenthal has launched an investigation into President Trump’s cryptocurrency initiatives. Blumenthal argues that the introduction of Trump Meme Coin raises ethical concerns. The President’s various digital asset projects have stirred significant backlash from Democrats. Senator Richard Blumenthal is examining whether President Donald Trump’s cryptocurrency ventures may violate federal regulations. On […]
Sanders Sounds the Alarm on GOP Crypto Legislation Aimed at Benefiting Trump and His Wealthy Supporters
Sen. Sanders Critiques Cryptocurrency Bill Amid Controversy Senate Majority Leader Plough is set to support a cryptocurrency bill, while Senator Bernie Sanders plans to hold discussions on Wednesday with industry experts about the proposed legislation. He warns that the bill may “enrich Trump and his billionaire supporters.” The U.S. Stablecoins (Genius) Act aims to establish […]