US banks are allowed to manage customer cryptocurrency assets in custody, according to a regulator.
OCC Confirms Crypto Exchange Activities for Banks The Office of the U.S. Currency Secretary (OCC) has officially stated that banks under its oversight are allowed to exchange cryptocurrencies for their clients. Additionally, they can delegate some crypto-related tasks to outside firms. Rodney Hood, the acting chief, mentioned in a letter dated May 7 that both […]
Democrats resist Trump’s expanding cryptocurrency influence.
This week, Democrats intensified scrutiny on President Donald Trump’s cryptocurrency endeavors, signaling a push as votes on significant crypto legislation advance. The Genius Act, which aims to set federal regulations, faced a key vote on Thursday, testing the impact of Trump’s infrastructure until the lead-up to his 2024 campaign. Despite their limited influence, Democrats are […]
Trump’s cryptocurrency projects overshadow Senate stablecoin vote
Recent cryptocurrency ventures by President Trump are overshadowing critical efforts to pass related legislation, with the Senate gearing up for a vote on the Stubcoin bill this Thursday. Senate leaders are set to advance what some are calling a genius law. However, crypto-friendly Democrats are threatening to oppose it, accusing Republicans of cutting off negotiations […]
New Hampshire is the first state to create a strategic reserve for cryptocurrency.
On Monday, New Hampshire made history by becoming the first state to establish a crypto sanctuary, marking a significant win for digital assets while other states have turned down similar measures. “New Hampshire is once again the first in the country!” exclaimed New Hampshire Governor Kelly Ayotte in a post on X on Tuesday. “We […]
Democrats target Trump’s cryptocurrency earnings with a three-part strategy.
Democrats in the U.S. have initiated a multi-faceted strategy against President Donald Trump’s cryptocurrency efforts, presenting two bills and conducting an investigation. This approach aims to limit his potential gains from these ventures. The proposed Modern Recruitment and Fraud Enforcement Act, or MEME Act, intends to prevent federal officials from profiting off the cryptocurrency known […]
Senate Democrats suggest a prohibition on presidents investing in or supporting cryptocurrency assets.
Senate Democrats recently withdrew their support for the initial bill aimed at regulating stubcoins. On Tuesday, they unveiled plans for a new proposal designed to prohibit federal officials and their families from engaging in digital asset transactions. Senator Jeff Markley (D-OR), who presented the bill on the Senate floor, stated, “Anyone seeking to gain influence […]
New Hampshire governor enacts cryptocurrency reserve legislation
New Hampshire has made history as the first state in the U.S. to permit government investments in cryptocurrencies, including Bitcoin (BTC). On May 6, a notification from Ayotte revealed that New Hampshire can now “invest in cryptocurrency and precious metals,” following the passage of related bills by both the state Senate and House of Representatives. […]
House Democrats leave cryptocurrency hearing, claiming Trump ‘corruption’
House Democrats, under the leadership of Rep. Maxine Waters from California, recently took a different route after a joint hearing was called between the Agriculture and Financial Services Committees. Instead of participating in the scheduled hearing, they opted to conduct their own session. This decision was influenced by allegations made by President Donald Trump concerning […]
Trump to Hold Two Cryptocurrency Dinners This Month as Ethics Issues Increase – Decrypt
Simply put Dinner Guest List is determined by the leaderboard of Top $ Trump Holders. Top 25 owners will receive a White House tour and a VIP reception. Lawmakers have expressed concern over political access related to code retention. President Trump is making another push to connect with the crypto community this month, hosting a […]
Democrats request an inquiry into the Trump family’s cryptocurrency arrangement due to possible foreign involvement.
On Monday, Senators Jeff Markley (D-Ore.) and Elizabeth Warren (D-Mass.) urged federal watchdogs to investigate recent transactions linked to the Trump family’s cryptocurrency firm, expressing concerns about potential foreign influence. World Liberty Financial, a company established by President Trump and his son, announced last week that a new Stablecoin would facilitate a $2 billion deal […]