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Today, February 26, the United States Senate Committee on Banking, Housing, and Urban Affairs subcommittee on Digital Assets is hosting a hearing on “Exploring Bipartisan Legislative Frameworks for Digital Assets.” This hearing comes after Donald Trump made cryptocurrency a central focus of his second term, creating a working group in one executive order that was tasked with submitting a report that will “recommend regulatory and legislative proposals.” The Senate Digital Assets Legislation The chairman for this subcommittee is Cynthia Lummis (R-WY), who has been a significant promoter of crypto. She recently introduced a new stablecoin bill, the so-called GENIUS Act, alongside Tim Scott (R-SC), Bill Hagerty (R-TN), and Kirsten Gillibrand (D-NY).  This bill purports to establish jurisdiction over stablecoin issuers who “issue a payment stablecoin in the United States.” Payment stablecoins are described as “a digital asset...

In one of the most surprising announcements of this month, the incoming presidential administration has discussed the creation of a new crypto reserve focused on US-based assets. Indeed, it is a key part of the emerging shift to embrace the asset class. With Ripple (XRP) surging, the question needs to be asked: can a Donald Trump-led crypto reserve of that kind push the asset to $4.50? The last week has seen the token surge alongside a broader market rally. Moreover, with the US President-elect Trump set to be inaugurated next week, that ongoing surge doesn’t appear to be slowing any time soon. Although there are lofty ideas on the horizon, there could be massive implications if the incoming administration is able to make good on its reserve hopes. Source: CoinPedia Also Read: XRP Surpasses $3, Predicted to Hit $4 Soon? Ripple Targets $4 as Trump Discusses XRP & Solana (SOL) Reserve Although the early weeks of 2025 proved to be limiting for cryptocurrencies, things turned around t...

In a recent statement from the Executive Office of the United States President Joe Biden, the President’s Administration announced that he would veto legislation enabling highly regulated financial firms to act as custodians for crypto currencies. Specifically, the Administration of the incumbent US President voiced its strong opposition to the passage of House Joint Resolution (H.J. Res.) 109, adding that President Biden would veto it if he were to see it, according to the document from May 8. Biden’s opposition to the legislation. Source: The White House Opposing arguments Indeed, listing the reasons for the President’s opposition to this legislation, the statement said that it would interfere with the work of the US Securities and Exchange Commission (SEC) and invalidate the regulations that the Administration deemed more valuable: Picks for you Bitcoin triggers hidden buy signal; Is BTC set for explosive rally? 40 mins ago Donald Trump says he’s ‘fine with ...