Democrats halt stablecoin legislation due to worries about Trump’s cryptocurrency activities.
Senate Democrats Block Stablecoin Regulations Senate Democrats halted efforts to regulate stablecoins, a type of cryptocurrency, citing the need for stronger protections and a desire to discuss concerns related to the implications for the president. Legislation that previously garnered Democratic support failed in a procedural vote of 49-48, as Democrats insisted on further changes before […]
Senate closely votes down cryptocurrency bill supported by Treasury Secretary Bessent
A cryptocurrency bill backed by the Treasury, known as the Genius Bill, faced a close defeat in the Senate during a procedural vote on Thursday. This legislation aimed to establish a new regulatory structure for digital currencies but stumbled due to a last-minute shift among Democratic senators. The bill required 60 votes to proceed, but […]
Celsius CEO Alex Mashinsky given a 12-year sentence for a multi-billion-dollar cryptocurrency fraud.
Alex Mashinsky Sentenced for Fraud On May 8, 2025, former Celsius Network CEO Alex Mashinsky was sentenced to 12 years in prison after pleading guilty to two counts of fraud. Once considered a key player, his fall illustrates a significant shift in the cryptocurrency landscape. During the proceedings in Manhattan, Mashinsky faced Judge John G. […]
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. […]