Crypto

White House features crypto industry leaders investigated by the government, as critics highlight Trump’s personal business interests.

Washington, DC – United States President Donald Trump has signed into law new cryptocurrency legislation that advocates say represents a watershed moment for the industry.

Speaking from the White House on Friday, the US president hailed the GENIUS Act, which establishes regulations and consumer protections for stablecoin, a type of cryptocurrency whose value is linked to a fixed currency or commodity.

The signing capped what Trump dubbed “crypto week”, as a total of three cryptocurrency bills made their way through the US legislature.

In the end, only the legislation related to stablecoin landed on Trump’s desk

Two other bills — one that would bar government-issued digital currencies and another that would more clearly define regulatory classifications for cryptocurrency products — were sent from the US House of Representatives on Thursday to the Senate, where they have yet to undergo a vote.

Still, Trump hailed Friday’s bill-signing ceremony as “a giant step to cement the American dominance of global finance and crypto technology”.

Industry advocates have said bills like the GENIUS Act will help to make cryptocurrency more mainstream in the US. They say a lack of regulatory clarity has hindered wider public adoption of digital currencies.

But critics have voiced concern about the Trump family’s close ties to the crypto industry, including its stake in World Liberty Financial, a company that launched its own stablecoin, USD1.

They highlight the fact that the recent flurry of Republican-led legislation does not address whether a president can hold interests in cryptocurrency, leaving an opening for corruption.

Democrats also criticised the GENIUS Act for creating an inadequate regulatory framework that could pose longterm financial risks and open the door for major corporations to issue their own private cryptocurrencies.

Still, speaking on Friday, Trump pledged to continue his embrace of the crypto industry, including by furthering his pitch to create a national “crypto reserve”.

Trump also framed his administration as a hard pivot away from the policies of former President Joe Biden, who took a more aggressive approach to investigating cryptocurrency-related crimes.

Since taking office for a second term in January, Trump ended several Biden-era cryptocurrency investigations and suspended a special Department of Justice enforcement team.

Some of the cryptocurrency leaders previously investigated by the US government were in the audience at the White House.

“You’ve come a long way since the Biden administration, when they had no idea what you were all talking about, and half of you were under arrest for no reason whatsoever,” Trump told them at the signing ceremony.

He addressed certain industry leaders by name, including Brian Armstrong, Chris Pavlovski and twins Tyler and Cameron Winklevoss, all of whom faced probes from the Securities and Exchange Commission (SEC) investigations under Biden.

“Let me say the entire crypto community, for years you were mocked and dismissed and counted out,” Trump said.

“You were counted out as little as a year and a half ago, but this signing is a massive validation.”

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What the US government dubbed as the “Crypto Week” yielded in the House passing the first federal legislation to regulate stablecoins. As it has been previously approved by the Senate, it comes into effect the moment the president signs it.

Two additional crypto-related bills also passed in the House and will now proceed to the Senate.

This is a major win for the crypto industry, which poured millions into last year’s election, supporting candidates, including Donald Trump, who became a major advocate for cryptocurrency investments.

The House had three crypto-related bills to pass this “Crypto Week”. However, the bills were stalled for more than a day due to disagreements among House Republicans over how to combine the legislation.

Ultimately, GOP leaders put the three bills up for separate votes. One of the three bills, legislation to regulate a type of cryptocurrency called stablecoins, had already passed the Senate with broad bipartisan support and will now head to Trump’s desk.

The other two bills — a broader measure to create a new market structure for cryptocurrency and a bill to prohibit the Federal Reserve from issuing a new digital currency — will be considered by the Senate later.

How stablecoin is being regulated in the US

The stablecoin bill, called the “Genius Act”, sets initial guardrails and consumer protections for the cryptocurrency, with reserve requirements, audits, and compliance.

Stablecoins are digital tokens tied to a stable asset, often the US dollar, to reduce price volatility.

“Around the world, payment systems are undergoing a revolution,” said House Financial Services Chair French Hill of Arkansas as lawmakers debated the stablecoin legislation Thursday morning. Hill said the bill will “ensure American competitiveness and strong guardrails for our consumers.”

The stablecoin measure is seen by lawmakers and the industry as a step toward adding legitimacy and consumer trust to a rapidly growing sector. US Treasury Secretary Scott Bessent said in June that the legislation could help that currency “grow into a $3.7 trillion (€3.2tr) market by the end of the decade.”

The bill outlines requirements for stablecoin issuers, including compliance with US anti-money laundering and sanctions laws, and mandates that issuers hold reserves backing the cryptocurrency.

Without such a framework, Republicans on the Senate Banking Committee warned in a statement, “consumers face risks like unstable reserves or unclear operations from stablecoin issuers.”

After the votes, House Republicans strongly urged the Senate to take up the second bill, which would create a new market structure for cryptocurrency.

That legislation aims to provide clarity for how digital assets are regulated. The bill defines what forms of cryptocurrency should be treated as commodities regulated by the Commodity Futures Trading Commission and which are securities policed by the Securities and Exchange Commission. In general, tokens associated with “mature” blockchains, like Bitcoin, will be considered commodities.

The third bill, passed in the House on a narrower 219-210 margin, prohibits the US from offering what is known as a “central bank digital currency,” which is a government-issued form of digital cash.

Why the US needs crypto regulation

The crypto industry has long complained that unclear laws have made it difficult to operate in the US and that the Biden administration attempted to regulate it through enforcement actions rather than transparent rulemaking.

Passing this bill has been a top priority for the industry, which has quickly become a major player in Washington, thanks to substantial campaign donations and lobbying efforts.

Patrick McHenry, the former chair of the House Financial Services Committee and now vice chair of the crypto firm Ondo Finance, said the legislation will have a “massive generational impact,” similar to the securities laws Congress passed in the 1930s that helped make Wall Street the centre of the financial world.

“These bills will make the United States the centre of the world for digital assets,” he said.

While the bill has significant bipartisan support, it has also faced pushback from Democrats who argue that the legislation should address Trump’s personal financial interests in the cryptocurrency space.

A provision in the stablecoin bill bans members of Congress and their families from profiting off stablecoins. But that prohibition does not extend to the president and his family.

According to Forbes, the president’s crypto holdings are worth more than any single real estate asset in his portfolio, an estimated $1 billion (€860 million).

The Republican president’s family holds a significant stake in World Liberty Financial, a crypto project that launched its own stablecoin, USD1.

Trump reported earning $57.35 million (€49.2 million) from token sales at World Liberty Financial in 2024, according to a public financial disclosure released in June.

Some Democrats also criticised the bill for creating what they see as an overly weak regulatory framework that could pose long-term financial risks. They have also raised concerns that the legislation opens the door for major corporations to issue their own private cryptocurrencies.

“If this bill passes, it will allow Elon Musk and Mark Zuckerberg to issue their own money. The bill still permits Big Tech companies and other conglomerates to issue their own private currencies,” said Massachusetts Senator Elizabeth Warren, the top Democrat on the Senate Banking Committee.

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The price of Bitcoin (BTC) is expected to reach a high of $162,353 this year (€139,148), before it settles at around $145,167 (€124,418).

That’s according to UK fintech firm Finder’s latest survey, collecting price predictions from 24 crypto industry specialists.

Within responses, high and low estimates range widely, and the most optimistic predictions expect a peak price of $250,000 this year. The average lowest price prediction sits at $87,618, with some predicting that Bitcoin will fall as low as $70,000.

The cryptocurrency has recently reached $120,000 from just below $100,000 at the end of last year. 

“There are a number of factors increasing demand for Bitcoin, including clearer and more favourable regulations, increased utility such as payments, and changing economic conditions,” crypto exchange Zondacrypto’s CEO, Przemysław Kral, told Euronews.

He added that regulations such as the EU’s MiCA contributed significantly to the recent rally. The Markets in Crypto-Assets Regulation (MiCA) sets uniform EU market rules for crypto-assets. This, coupled with an increased interest from institutional players, largely in the form of exchange-traded funds (ETFs), made crypto more accessible for many. 

Cryptocurrency-based ETFs make it easier for investors to gain exposure to cryptocurrencies without having to buy them directly. These funds have exploded in popularity since Bitcoin ETFs began trading in US markets last year. 

Is there a bubble around Bitcoin?

While the integration of crypto into mainstream finance has genuinely boosted interest towards Bitcoin, there is a possibility that a so-called bubble is forming. In other words, the price is being ‘blown up’ by investor interest without fundamentals supporting it. 

According to Northeastern University’s crypto expert and professor of international business and strategy Ravi Sarathy, big institutional investors, including MicroStrategy, have been accumulating large pools of this asset, and it is possible that they are propping up the price of the cryptocurrency. MicroStrategy holds a Bitcoin stash worth approximately $65bn.

After the previous reluctant approach from institutional investors, “new US measures authorising Bitcoin ETF funds have made it easier and more convenient for both institutions and retail investors to invest some of their resources in these higher risk/higher return Bitcoin vehicles”,  Sarathy told Euronews Business. 

Bitcoin issuance has a ceiling of 21 million, driving rising demand in the face of a limited supply. “This has also led to the rise of Digital Asset Treasuries (a corporate strategy, ed.) which seek investor funds to invest in a variety of cryptocurrencies and tokens, including Bitcoin, a further fillip to demand, and fuelling rapid Bitcoin price appreciation,” Sarathy said, adding that after a short reaction to further US legislation, longer-term price appreciation could still continue.

How Washington is fuelling Bitcoin’s rally

Interest in Bitcoin has increased dramatically since US President Donald Trump widely campaigned to make the US the world capital for crypto. The US administration’s support for crypto assets reached new highs recently as the government dubbed this week ‘Crypto Week’. Lawmakers in the House are debating a series of bills that could define the regulatory framework for the industry in the United States. 

“Bitcoin and crypto in general, is being propped up by the Trump administration, ironically given its initial promotion as an alternative to government-backed currencies and support from libertarians,” said John Hawkins, senior lecturer at the University of Canberra.

He believes that the token “lacks any fundamental value, and after 16 years, it has still failed to meet its initial aspiration to be a common means of payment. It remains a speculative bubble.”

Others see Trump’s support as a reason to buy. 

Rouge International & Rouge Ventures’ managing director, Desmond Marshall, said that “Together with Trump’s embrace of digital crypto assets, his sons dealing with huge amounts of crypto projects and the strong US dollar, the US government is already buying large reserves of BTC. This is supported by many businesses venturing into this realm with enterprise crypto strategies.”

The most bullish crypto specialists, expecting a large price increase, bet that Bitcoin could reach $250,000, buoyed by institutional demand.

“Corporate and institutional demand is not slowing down while retail is still absent and nation state adoption is just getting started,” said Martin Froehler, CEO of Morpher trading platform.

Bitcoin’s price has increased nearly 25% since the beginning of the year, despite ongoing uncertainties related to tariff tensions, the conflict in the Middle East, and the lack of monetary policy easing in the US.

Is it the right time to buy Bitcoin?

Around 61% of the experts surveyed believe that it is the right time to buy. 

However, caution is always important, according to crypto exchange Zondacrypto’s CEO, Przemysław Kral.

He told Euronews: “With such hype comes the need for caution. No one knows whether the price will go up or down. We always recommend doing your research and getting educated on Bitcoin before investing in it.” 

Kadan Stadelmann, the CTO at Komodo Platform, believes that Bitcoin is going to steadily grow in value over the next six months before it returns to a bear market (when investors mainly sell instead of buy).

“Considering Bitcoin touched $110,000 already, and there’s still at least six months left in this bull run…I expect the peak around Q1 of 2026 and a bear market to follow,” said Stadelmann.

When asked what their expectations were for the very long term, the crypto experts surveyed by Finer said Bitcoin could reach values of $458,647 by 2030 and surpass $1 million by 2035.

How quantum computing might impact Bitcoin’s cryptographic security

The vast majority of the crypto specialists surveyed (79%) see quantum computing as a threat to Bitcoin’s cryptographic security, as quantum computers could potentially break the encryption standards that secure cryptocurrencies.

A quarter of the experts (25%) think that quantum computers will be able to crack Bitcoin within the next five years, and another 25% find that it’s a realistic possibility within the next five to ten years. The remainder (29%) say it’ll take longer than ten years.

Just 8% say that quantum computers pose no threat, and only a third of the experts are confident that the Bitcoin community is somewhat prepared for this threat. 

Disclaimer: This information does not constitute financial advice; always do your own research to ensure it’s right for your specific circumstances. We are a journalistic website and aim to provide the best guides, tips and advice from experts. If you rely on the information on this page, then you do so entirely at your own risk.

Advocates hope House bills will bring decentralised currency into US mainstream as Trump pushes ‘crypto week’.

The United States House of Representatives has passed three bills related to cryptocurrency, sending one directly to US President Donald Trump and the other two to the US Senate.

The votes by the Republican-controlled chamber come amid a wider push by the Trump administration to make the US the “crypto capital of the world”, in what the president has dubbed “crypto week”.

Trump and his family’s emphasis on the largely unregulated crypto industry has also raised concerns it could be used to mask corruption and foreign influence.

The bill that will go directly to Trump is called the GENIUS Act. It sets initial guardrails and consumer protections for a cryptocurrency known as stablecoins, which are tied to “stable” assets like the US dollar to reduce their volatility.

House Financial Services Chair French Hill said during debate on Thursday that the bill will “ensure American competitiveness and strong guardrails for our consumers”.

“Around the world, payment systems are undergoing a revolution,” he said.

The legislation passed in the Senate and by a 308-122 vote in the House. It garnered bipartisan support in both chambers.

A second bill would create a new market structure for cryptocurrency. It passed by a slimmer margin of 294-134 and will need to go to the Senate, where lawmakers could craft a new version.

That legislation aims to provide clarity for how digital assets are regulated, mostly by defining what forms of cryptocurrency should be treated as commodities regulated by the Commodity Futures Trading Commission and which are securities policed by the Securities and Exchange Commission.

Commodities are typically considered goods that can be traded or sold, while securities, like stocks and bonds, typically refer to partial ownership of an asset.

A third bill, passed by a narrower 219-210 margin, would prohibit the US from offering what’s known as a “central bank digital currency”, essentially a government-issued form of digital cash. It will also head to the Senate.

Trump’s crypto interests

Cryptocurrencies, which are unmoored from any central government authority, have exploded in popularity since first emerging in 2009.

But experts have said US operations have been curtailed by unclear laws governing the industry. Advocates have said the bills passed on Thursday could help to hearken in more mainstream adoption.

Still, Democrats critical of the GENIUS bill accused Republicans of fast-tracking the passage, while failing to address Trump and future presidents’ interests in cryptocurrency.

For example, a provision in the bill bans members of Congress and their families from profiting off stablecoins. That prohibition does not extend to the president and his family.

Trump’s family holds a significant stake in World Liberty Financial, a crypto project that launched its own stablecoin, USD1. Trump reported earning $57.35m from token sales at World Liberty Financial in 2024, according to a public financial disclosure released in June.

A meme coin linked to him has also generated an estimated $320m in fees, though the earnings are split among multiple investors.

“No one should be surprised that these same Republicans’ next order of business is to validate, legitimise, and endorse the Trump family’s corruption and efforts to sell the White House to the highest bidder,” Representative Maxine Waters, the top Democrat on the House Financial Services panel, said amid the flurry of votes on Thursday.

Since taking office, Trump has also proposed creating a cryptocurrency “national reserve” and has suspended Department of Justice investigations related to cryptocurrency.

Some Democrats also criticised the GENIUS bill for creating what they called an overly weak regulatory framework that could pose longterm financial risks.

They also say the legislation opens the door for major corporations to issue their own private cryptocurrencies.

July 16 (UPI) — President Donald Trump said a deal has been made with almost all the Republican House members who sank a procedural vote on his cryptocurrency bills Tuesday.

“I am in the Oval Office with 11 of the 12 congressmen/women necessary to pass the Genius Act and, after a short discussion, they have all agreed to vote tomorrow morning in favor of the rule,” Trump said via Truth Social Tuesday.

“Speaker of the House Mike Johnson was at the meeting via telephone, and looks forward to taking the vote as early as possible,” he added.

Two of the bills in question are the aforementioned Genius Act, which would regulate stablecoins and the Clarity Act, which would set rules to decide if an asset is to be regulated as either a security by the Securities and Exchange Commission or as a commodity supervised by the Commodity Futures Trading Commission.

The third bill would stop the creation of a central bank digital currency by the Federal Reserve.

It is unclear what guarantees Trump made to lock in the 11 switched votes of support for the procedural rule.

“I’m thankful for President Trump getting involved tonight,” posted Speaker Mike Johnson, R-La., to X Tuesday, who then declared that the Genius Act will pass when the new vote happens Wednesday.

Shares of stablecoin companies Circle and Coinbase had both dropped Tuesday upon the failure of the procedural vote, as did shares of the digital asset firm MARA Holdings, but all three had upward-heading premarket numbers Wednesday.

Bitcoin has scaled $120,000 for the first time, a major milestone for the world’s largest cryptocurrency in the run-up to what could be a landmark week.

Starting July 14, “Crypto Week” will see the US House of Representatives debate three industry-friendly bills that are likely to provide cryptocurrencies with the US regulatory framework that crypto insiders have long demanded.

US President Donald Trump has urged policymakers to revamp their rules, away from the plethora of lawsuits brought against crypto firms by the Securities and Exchange Commission (SEC) under former President Joe Biden (2021-2025), in favour of the industry.

Expectations of further tailwinds helped propel Bitcoin, up 29 percent so far this year, to a record high of $122,055 on Monday. Bitcoin, the very first cryptocurrency, began trading in January 2009, when it was valued at just $0.004.

The surge has sparked a broader rally across other cryptocurrencies as Ether, the world’s second-most popular token, reached a five-month high of $3,048.2 on Monday.

More generally, the sector’s total market value has swelled to roughly $3.8 trillion, according to CoinMarketCap.

Cryptocurrencies are a form of monetary exchange that allows people to bypass central banks and traditional payment methods.

What is at stake?

US lawmakers will discuss three key pieces of legislation during “Crypto Week”:

• The GENIUS Act aims to clarify when digital assets like crypto tokens are considered securities or commodities, helping startups avoid legal uncertainty by providing clear regulatory rules. The Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act has already passed the Senate.
• The Clarity Act would block federal agencies from using court rulings to overextend regulatory power, ensuring that Congress – and not courts – defines how crypto assets are classified and governed.
• The Anti-CBDC Surveillance State Act would prohibit the Federal Reserve from issuing a central bank digital currency (CBDC), arguing it could enable government surveillance of Americans’ financial activity and threaten individual privacy.

This marks a sharp reversal for a sector that once threatened to do its business outside the US, citing a hostile environment and heavy-handed enforcement.

Crypto companies have long accused US financial regulators (like the SEC) of enacting confusing or conflicting rules.

“We expect capital that was previously sidelined due to regulatory uncertainty to re-enter … even if final passage stalls,” Jag Kooner, head of derivatives at Bitfinex crypto exchange, told Reuters.

This week’s decisions could make it easier for companies to launch new digital asset products and to trade in crypto.

Does the proposed legislation have critics?

Democrats are expected to offer amendments to the GENIUS and Clarity Acts.

Critics have argued that the Trump administration is conceding too much ground to the crypto industry.

“I’m concerned that what my Republican colleagues are aiming for is another industry handout,” Democratic Senator Elizabeth Warren said on July 9 at a Senate Banking, Housing, and Urban Affairs Committee hearing.

She urged Congress to bar public officials, including Trump, from issuing, backing or profiting from crypto tokens.

Warren also argued that new crypto rules should not “open a back door to destroy” longtime securities laws, or allow volatility in the crypto market to spill over into the traditional financial system.

Finally, she underscored that anti-money laundering rules should apply to the industry. Crypto users are identified by alphanumeric wallet addresses, not their names, allowing bad actors to obscure the source of their illicit funds.

The Biden administration adopted a tough regulatory stance towards cryptocurrencies, aiming to oversee the digital assets as securities subject to the same regulations as stocks and bonds.

What’s Trump’s interest in crypto?

Trump, once a crypto sceptic, became a major promoter during his presidential campaign last year, even becoming the first major-party presidential candidate to accept campaign donations via crypto.

During the 2024 campaign, crypto insiders spent nearly a quarter of a billion dollars, according to Federal Election Commission data, in support of crypto allies – and to try and weed out antagonists.

In March, Trump said he would create a crypto reserve that would include five cryptocurrencies (including Bitcoin), adding he would make the US “the crypto capital of the world”.

Meanwhile, Trump’s family business has launched several cryptocurrency meme coins, flash-in-the-pan assets inspired by internet jokes or cultural references, such as $Trump and $Melania.

Trump has faced criticism over conflicts of interest regarding his family’s ventures. For instance, World Liberty Financial – a crypto group backed by Trump and his sons in 2024 – has earned the president $57m.

Elsewhere, Trump Media & Technology Group filed paperwork with the SEC in July seeking approval to launch its own “Crypto Blue-Chip ETF”, an exchange-traded fund holding Bitcoin and other digital currencies.

How has Bitcoin performed since Trump was re-elected?

If Bitcoin were a country, it would rank in the top 10 by gross domestic product, roughly on par with countries like Brazil ($2.17 trillion) and Canada ($2.14 trillion).

Since Donald Trump’s re-election in November 2024, Bitcoin has surged by 75 percent, rising from about $69,539 at close on Election Day to its current record level. It rallied to above $100,000 for the first time last December.

The cryptocurrency briefly dropped below $90,000 on February 25, amid market jitters triggered by Trump’s announcement of new tariffs on multiple countries and industries worldwide, before recovering after Trump’s “crypto reserve” announcement.

Bitcoin’s rise also arrives amid a wider backdrop of economic uncertainty, notably the global turmoil from Trump’s steep – and on-again, off-again – tariffs imposed on key trading partners worldwide, in addition to ongoing conflicts in Ukraine and the Middle East.

“Bitcoin has shown resilience this year, rebounding in line with its macro exposures following tariff announcements,” Citibank analysts wrote in a research paper last week.

It was the kind of offense they’d been chasing all season.

Cuts darted through closing doors, warping the Connecticut’s defense into knots, and the Sparks’ monster frontcourt threw its weight around and pounded out a 57-point stampede.

Rickea Jackson, with her wiry strength and burst, knifed past defenders as Dearica Hamby mixed bruising post work with feather-soft finishes and Azurá Stevens — the most versatile of the bunch — filled every gap. And as Jackson and Hamby created real estate down low, the Sparks’ backcourt dished out 22 assists.

Kelsey Plum even caught a groove in the third. Rae Burrell clawed her way into the lane for jabs that jolted her Sparks back to life.

With touches flowing from sideline to baseline, the Sparks kept their half of the scoreboard flashing in a wire-to-wire 92-88 victory over a flailing Sun squad.

There wasn’t much time to breathe at Crypto.com Arena on Sunday afternoon, whether decked out in white and purple or black and orange.

Not when every possession felt like a pendulum swing — the Sparks (6-14) surging and the Sun (3-18) countering with Bria Hartley’s steady hand on the perimeter and Saniya Rivers’ muscle inside.

Clinging to a fragile five-point lead, Julie Allemand elevated what could’ve been the dagger with 48 seconds left — a shot that would’ve ballooned the lead to eight.

Instead, it went to a jump ball, Jackson got charged for a personal, and Rivers went to the free-throw line. Drowned in the noise of a frenzied Crypto.com Arena, the rookie scored on only one of her two shots, keeping it a two-possession game.

Hamby could only find iron on the next possession.

Coming out of a Connecticut timeout, Stevens rebounded a 26-foot heave from Hartley that clanged off the rim. Hartley fouled Stevens.

True to her steady hand, Stevens buried both free throws to secure the win.

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Bitcoin has reached a new all-time high, trading at more than $118,000 (€100,000) on Friday. It followed an enthusiastic trading day on the US stock markets on Thursday, where the main index for tech companies, the Nasdaq, hit a record value.

Interest in Bitcoin was fuelled by a bullish, optimistic trading outlook across risk assets and an appetite for investment in tech companies, such as Nvidia, which recently surged to a $4 trillion valuation. 

Bitcoin’s all-time high also comes days before what the US House of Representatives, one of Congress’ two chambers, has labelled as “Crypto Week”, starting on 14 July. This is when lawmakers are expected to debate a series of bills that could define the regulatory framework for the industry in the United States. 

Bitcoin gained more than 20% this year against the US dollar. 

Bloomberg’s data shows that investors poured around $1.2 billion (€1bn) into Bitcoin ETFs (exchange-traded funds) on Thursday, pushing the price to a new high beyond $116,000 before the rally continued on Friday. 

Much of the investments pouring into crypto came through ETFs. Cryptocurrency-based ETFs make it easier for investors to gain exposure to cryptocurrencies without having to buy them directly. These funds have exploded in popularity since bitcoin ETFs began trading in US markets last year.

The strong interest in crypto boosted the price of the second-biggest crypto asset, too. Ethereum gained more than 6%, and traded at around $3,000 (€2,600) on Friday.

Meanwhile, the US President continues to expand his crypto-related offerings. Trump was once a bitcoin sceptic but has since warmly embraced the cryptocurrency industry.

On Tuesday, his family business Trump Media filed paperwork at the Securities and Exchange Commission for approval to launch the “Crypto Blue Chip ETF” later this year.

This is a new exchange-traded fund tied to the prices of five popular cryptocurrencies. The proposed ETF would have 70% of its holdings in bitcoin, 15% in Ethereum, and 8% in Solana, a cryptocurrency popular in the meme coin community.

The Trump administration has pushed for crypto-friendly regulations and laws, in line with the president’s ambitions to make the US the world capital for crypto.

“If we didn’t have it, China would,” Trump said.

July 7 (UPI) — Brazil’s foothold in the rapidly expanding cryptocurrency market has grown stronger with the entry of U.S.-based trading platform Webull and crypto mining infrastructure firm Enegix.

The global rise of cryptocurrencies has presented serious regulatory challenges for governments and central banks. In that context, Brazil has emerged as a pioneer, establishing a clear, transparent and collaborative legal framework for the oversight and accounting of digital assets.

According to data from Chainalysis, Brazil accounted for more than 30% of all cryptocurrency transaction volume in Latin America in 2024 — the highest in the region.

Last week, Central Asian crypto mining firm Enegix Global announced plans to open a data center in the northeastern state of Piauí. State officials said company representatives signed a memorandum of understanding with local authorities and met with Gov. Rafael Fonteles to discuss the project.

Meanwhile, fintech firm Webull Corporation (NASDAQ: BULL) announced June 26 that it is reentering the cryptocurrency market, selecting Brazil as the first launch region in its renewed global rollout.

The company has a market capitalization of $5.17 billion and reported gross margins of 79.73%. Webull said it is targeting emerging markets with robust regulatory frameworks.

Brazil’s progress in the cryptocurrency sector is closely tied to its Virtual Assets Law, which established the foundation for regulating services involving digital assets.

The law, in effect since 2022, designates the Central Bank of Brazil as the lead regulatory authority while maintaining the oversight role of the Securities and Exchange Commission of Brazil for crypto assets classified as securities.

The Central Bank has launched a series of key initiatives to build out the regulatory framework, addressing legal and accounting gaps that had previously left parts of the crypto market in a gray area.

Francisco Santos, a crypto trading and investment adviser, said one of the bank’s priorities is clarifying the legal and accounting treatment of widely used crypto mechanisms, such as staking and airdrops.

“Staking, which allows users to lock their cryptocurrencies to support blockchain networks in exchange for rewards, and airdrops, where cryptocurrencies are distributed for free to holders of other tokens, have often generated income that goes undeclared or is misreported. The law brings more transparency and structure,” Santos said.

Brazil’s crypto regulations aim to improve how digital asset activity is recognized in financial reporting. That includes defining how crypto-related mechanisms should be recorded in the financial statements of both companies and individuals, ensuring greater transparency and proper taxation.

The framework also supports more accurate market valuation of digital assets and improves the quality of data reported by companies operating in the crypto sector, strengthening oversight and accountability.

The Central Bank of Brazil has placed particular emphasis on licensing and supervising cryptocurrency exchanges and other virtual asset service providers, or VASPs. These entities must obtain operational licenses and meet minimum standards for security and compliance with anti-money laundering and counter-terrorism financing rules.

Another key part of Brazil’s strategy is its commitment to public participation and open dialogue with the crypto industry.

“Through public consultations and discussion forums, the Central Bank has gathered input from civil society, entrepreneurs, developers and the crypto industry itself. This collaborative model not only strengthens the regulatory process, but also enhances institutional legitimacy and supports effective implementation,” Santos said.

Not everyone shares such an optimistic view. Maria Silva Souza, an attorney specializing in investment firms, said the cryptocurrency market carries inherent risks despite government-led initiatives.

“Cryptocurrencies are highly volatile. While regulation offers investor protection, it doesn’t eliminate the risk of sharp fluctuations that can lead to significant losses — especially for less-informed retail investors,” Souza said.

She added that despite efforts to improve transparency, the crypto ecosystem remains a target for pyramid schemes, fraudulent offerings and sophisticated scams.

“Exchanges and crypto service providers are vulnerable to cyberattacks, hacks and other technological weaknesses. Regulation sets security standards, but no system is infallible. A successful attack could compromise users’ funds and data,” she said.

Bullish sentiment has returned to the crypto market in the past 24 hours. With Donald Trump announcing a ceasefire in the Middle East, as well as the United States Federal Reserve retracting its “reputational risk” scrutiny, which had previously blocked banking access for crypto firms, crypto prices are surging.

Bitcoin has gained 3% today, Ethereum is up 6%, XRP 8%, and Solana 7%. However, as seasoned investors are well aware, the biggest gains often come from under-the-radar low-cap altcoins.

Pick the right one, and there is an opportunity for life-changing wealth. It’s not uncommon for projects to yield 1,000x gains in a bull market. Let’s explore 5 top picks that could prove to be the best cryptos to buy now.

BTC Bull Token

BTC Bull Token is the new Bitcoin-themed meme coin with a twist: it’ll be the first-ever cryptocurrency to pay its holders real Bitcoin rewards.

The project will track Bitcoin’s price and run airdrops at key milestones. The first will be when it reaches $150,000, and there will be another at $200,000. There will also be a $BTCBULL airdrop when the price reaches $250,000.

It’s no secret that meme coins can yield huge returns in bullish periods. Some even form cult-like communities that insist on not selling. But what if a community was incentivized not to sell with real Bitcoin rewards?

It’s never been done before, so we don’t know the outcome, but there may be no willing sellers, and then incoming demand would drive the price up significantly.

BTC Bull Token is currently undergoing a presale and has raised $7.3 million to date, showing incredible investor appeal.

However, the presale will end in six days, and then $BTCBULL will list on exchanges. It’s at that point that the price could explode. Visit BTC Bull Token.

Snorter

Snorter is the new meme coin trading bot that could help its users find the next 10x-1,000x trade. But as the platform’s native token, it might just be $SNORT itself that yields the biggest gains.

It’s like the investment adage that those who sold picks and shovels made more than those who mined for the gold themselves during the US gold rush era.

That said, Snorter offers powerful features that help its users identify profitable trades. Automated token sniping, copy trading, dynamic stop-losses, rug-pull detection, and advanced charting are all available.

The project is built on Telegram and supports Solana, Ethereum, BSC, Polygon, and Base – all the top chains for meme coin opportunities.

Currently, the project is in the early stages of its presale, having raised $1.2 million to date. The combination of a powerful use case and early stage could well send Snorter to up to 1,000x higher this year. Visit Snorter.

Useless Coin

Bonk.fun is a direct competitor to Pump.fun. Currently, Fartcoin is the top meme coin to emerge on Pump.fun, having reached a market cap of over $2 billion at its peak. Meanwhile, Useless Coin is worth just $120 million.

If the bull market continues and Bonk.fun surpasses Pump.fun’s adoption due to its ties to Bonk, we could well see its top meme coin (Useless Coin) surpass Pump.fun’s top meme coin.

CreatorBid

Bitcoin Hyper

What happens when Bitcoin’s security meets Solana’s speed and programmability? You get Bitcoin Hyper – the Bitcoin layer 2 blockchain built using the Solana Virtual Machine.

It’s fast and supports smart contracts like Solana. It’s even interoperable with Solana and Ethereum tokens and apps. Yet, it reports transactions back to Bitcoin for finality, providing users with the same security and permanence as if they had transacted directly on the Bitcoin layer 1 chain.

Something else is that the project currently offers huge staking rewards at 498%. However, these rewards will decrease as the staking pool grows.

Bitcoin Hyper is currently undergoing a presale and has raised $1.5 million in under three weeks, showing massive early momentum.

As the word spreads about its promising use case, there is every chance that the $HYPER price will explode. Visit Bitcoin Hyper.

This article is for informational purposes only and does not provide financial advice. Cryptocurrencies are highly volatile, and the market can be unpredictable. Always perform thorough research before making any cryptocurrency-related decisions.

Next quarter could be an opportunity to make serious money if you’re willing to look beyond the usual altcoin plays. We’ve highlighted five projects that ChatGPT thinks are about to take off – each with catalysts in the works and upside potential that goes far beyond BTC and ETH.

Here’s the AI model’s picks for the best cryptos to buy in Q3:

1. Story (IP)

ChatGPT thinks Story (IP) is building something we’ll all need eventually: a proper system for determining ownership in the age of AI. Think about it – when AI agents are churning out content 24/7, someone needs to track the rights and royalties. That’s precisely what Story does.

Currently, IP is trading at around $3.09, which is 58% below its February all-time high of $7.33. But something has just caught ChatGPT’s attention: two whale wallets purchased 16 million IP tokens for $47.5 million. That kind of accumulation is a bullish signal.

What’s also interesting is Story’s Agent TCP/IP framework. This framework lets AI agents trade IP rights automatically – no humans required. So, as AI content explodes everywhere, ChatGPT believes that having a trusted blockchain for this stuff is essential, and Story is the first mover.

2. Bitcoin Hyper (HYPER)

ChatGPT identified Bitcoin Hyper (HYPER) as targeting Bitcoin’s biggest weakness: its slow and expensive nature. They’re building a Layer-2 network that uses Solana’s tech to get sub-second transactions while keeping Bitcoin’s security model intact.

Since mid-May, Bitcoin Hyper has raised $1.5 million in presale. Currently, HYPER tokens are priced at $0.012 each. Plus, the team is offering 504% staking yields for early supporters – and more than 104 million HYPER have been locked up already.

ChatGPT notes that timing matters here. Bitcoin’s been trading above $100,000 for weeks, with regulatory conditions looking positive. That means everyone’s looking for scalable Bitcoin solutions. Lightning Network exists, but it doesn’t do smart contracts or cross-chain tasks like Bitcoin Hyper promises.

Analysts like Cilinix Crypto are bullish on HYPER. And ChatGPT suggests that if Bitcoin stays strong and the team delivers what they’re promising, presale investors could cash in big. Visit Bitcoin Hyper Presale.

3. Hyperliquid (HYPE)

ChatGPT flagged a problem that has bugged traders for years: why does DeFi trading still feel clunky compared to platforms like Binance or Coinbase? Hyperliquid (HYPE) has solved this issue. They built a Layer-1 that delivers real on-chain order books with the speed and features you’d expect from a CEX.

The tokenomics are what ChatGPT found fascinating. Hyperliquid captures 97% of all trading revenue and uses it to repurchase HYPE tokens. There’s been over $1 billion in buybacks already. More volume means more revenue – which means more buybacks.

ChatGPT highlighted that the developers airdropped HYPE to 100,000 early users with zero VC money involved. Plus, there are only 334 million tokens in circulation out of the 1 billion supply. That’s a good sign – fewer tokens are available on the open market, so sustained volume could lead to another massive rally soon.

4. Snorter (SNORT)

ChatGPT sees Snorter (SNORT) as what happens when someone builds proper infrastructure for a meme coin project. It’s a Telegram trading bot that automates everything – sniping new tokens, detecting rug pulls, copy trading, and portfolio tracking. It’s built on Solana but has multi-chain expansion planned.

ChatGPT emphasized not to mistake this for just another silly meme coin. You need SNORT tokens to access the bot’s features, plus you get enormous staking rewards, governance rights, and fee discounts. Snorter’s presale has raised over $1.1 million so far, with tokens priced at $0.0959.

What ChatGPT also found notable is the infrastructure angle. As meme coin trading gets more intense, automation becomes essential. The bot delivers sub-second Solana execution and MEV protection – all inside Telegram, where meme coin communities live.

The full bot launch is coming soon, followed by expansion to Ethereum and other chains, ultimately leading to DAO governance. Analysts like Apex Syndicate think SNORT could 100x thanks to these plans. So, if you’re seeking a meme coin with real substance, Snorter is worth a look. Visit Snorter Presale.

5. Sei (SEI)

ChatGPT picked Sei (SEI) for building itself to be the fastest Layer-1 blockchain out there, with sub-400 millisecond finality. Most chains feel sluggish compared to this. They use Cosmos SDK with their own “Twin-Turbo” consensus, specifically designed for high-frequency trading and gaming where speed matters.

Sei’s growth numbers are what impressed ChatGPT. TVL went from $85 million last August to $500 million at the time of writing. And earlier this month, it reached a peak of $553 million. Also, Sei is processing over 30 million transactions weekly now – that’s more than XRP.

ChatGPT also highlighted Sei’s upcoming Giga Engine launch as a big catalyst. The May testnet showed they can handle over five gigagas per second. That’s enterprise-level performance for DEXs and games that need instant execution – making Sei one of the best cryptos to buy for Q3.

This article is for informational purposes only and does not provide financial advice. Cryptocurrencies are highly volatile, and the market can be unpredictable. Always perform thorough research before making any cryptocurrency-related decisions.

June 19 (UPI) — The Department of Justice has filed a civil forfeiture complaint to seize $225.3 million for victims involved in cryptocurrency scams.

The complaint, filed Wednesday, alleges that the cryptocurrency addresses that held over $225.3 million were part of a sophisticated blockchain-based money laundering network.

“Civil forfeiture complaint is the latest action taken by the Department to protect the American public from fraudsters specializing in cryptocurrency-based scams, and it will not be the last,” said Matthew R. Galeotti, Head of the Justice Department’s Criminal Division.

“These schemes harm American victims, costing them billions of dollars every year, and undermine faith in the cryptocurrency ecosystem. Our investigators and prosecutors are relentlessly pursuing these scammers and their ill-gotten gains, and we will relentlessly pursue recovery of victim funds.”

Last week, the DOJ found five men guilty who laundered over $36 million from victims. They operated out of Cambodia and face maximum penalties of between five and 20 years in prison.

Assistant Director of the FBI Criminal Division Jose A. Perez, said his agency will not allow the criminals targeting unsuspecting victims who believe they are making legitimate investments to keep these scams going.

“This seizure of $225.3 million in funds linked to cryptocurrency investment scams marks the largest cryptocurrency seizure in U.S. Secret Service history, said Shawn Bradstreet, a special agent in that agency’s San Francisco field office.

In this investigation, more than 400 suspected victims say they lost money after believing that they were making investments, officials said.

According to the FBI internet Crime Complaint Center’s 2024 internet Crime Report, cryptocurrency investment fraud resulted in more than $5.8 billion lost in 2024. People over age 60 were impacted the most, losing an estimated $2.8 billion.

Donald Trump posted on Truth Social that Iran’s leader is an “easy target,” sending jitters through risk markets such as cryptocurrencies on Tuesday.

“We don’t want missiles shot at civilians or American soldiers. Our patience is wearing thin. Thank you for your attention to this matter!” He added. Trump also called for Iran’s “unconditional surrender.”

The market has reacted negatively to the news. Bitcoin is down 1.7% at $105,000, Ethereum is down 2.2% at $2,500, and the total cryptocurrency market cap has dropped 1.3%. Some altcoins, such as Virtuals Protocol, IP, and Pudgy Penguins, are down over 7%.

However, seasoned investors are well aware that dips caused by geopolitical escalations often recover quickly. Put differently, the current low prices could mark a lucrative trading opportunity for investors. But what are the best coins to buy on the dip?

Snorter

That’s why the crypto trader bot sector is growing fast – and it’s why Snorter might be the best coin to buy on the dip. It’s a powerful Telegram-based trading bot that offers automated token sniping, copy trading, dynamic stop-losses, and rug-pull detection.

It supports Solana, Ethereum, BSC, Base, and Polygon, so you won’t miss an opportunity no matter where it launches.

The project is undergoing a presale and has raised $1 million in its opening three weeks.

This early success suggests genuine market interest, which could ultimately lead to long-term gains. Visit Snorter.

Bitcoin Hyper

Bitcoin Hyper is the new Bitcoin layer 2 blockchain built using the Solana Virtual Machine. Bitcoin’s security and Solana’s speed and programmability – that’s Bitcoin Hyper.

One of the most popular crypto sectors is meme coins, but Bitcoin’s meme coin ecosystem is relatively thin, especially considering its $2 trillion market cap. Bitcoin Hyper offers smart contract functionality and a seamless developer environment – alongside low fees and high speeds – hoping to cultivate a new meme coin ecosystem on Bitcoin.

The project also features a staking mechanism, which currently offers a 554% APY. However, this will decrease as the staking pool grows.

Bitcoin Hyper is also undergoing a presale and has raised $1.3 million so far.

With a strong use case, clear market interest, and lucrative staking rewards, it’d be no surprise if $HYPER skyrockets after hitting exchanges. Visit Bitcoin Hyper.

Fartcoin

Fartcoin is a Solana-based meme coin that launched on Pump.fun in Q4 of 2024 and quickly went viral. It peaked in January 2025, and then, after a deep selloff in line with the market-wide crash, it has risen once again.

It now trades at $1.10 with a $1.1 billion market capitalization and a $245 million 24-hour trading volume.

The project soared approximately 7x from its March lows to its local peak in April, massively outpacing most other meme coins.

Since its inception, Fartcoin has consistently outpaced the market average when conditions are bullish. So with prices currently on a dip, this could prove an opportune time to buy.

AB

AB is in an interesting spot. While most cryptocurrencies have dipped this week, AB is up 37%.

The project focuses on blockchain interoperability. It enables users to transfer assets between Ethereum, Solana, and other networks using the AB Connect protocol, and it also features a sidechain for the Internet of Things (IoT) and a main network for decentralized applications.

Like Bitcoin Hyper, its focus on cross-chain interoperability helps it stand out, and this has even caught the eye of Binance.

On June 7, AB was listed on Binance Alpha, a Binance Wallet feature that enables easy buying. This created a liquidity boon for AB, but the real benefit may still be to come. That’s because Binance says that projects listed on Binance Alpha are shortlisted to receive a listing on the main Binance exchange.

 

Best Wallet Token

Best Wallet Token is a new cryptocurrency that’s gaining popularity. As its name suggests, it powers a crypto wallet.

The wallet is called Best Wallet, and it boasts over 500,000 users. It stands out for its wide range of features and multi-chain support, allowing users to store cryptocurrencies from Bitcoin, Ethereum, XRP, Cardano, Solana, and many more networks.

Some of Best Wallet’s features include a cross-chain DEX, a presale aggregator, a derivatives exchange, a staking aggregator, and an NFT gallery.

Users can get more out of the wallet by holding $BEST. It unlocks trading fee discounts, higher staking yields, governance rights, and access to promotions on partner projects.

It’s undergoing a presale and has raised over $13 million.

Best Wallet’s features go well beyond those of competitors like MetaMask and Phantom, yet they’re worth billions of dollars. In other words, $BEST has explosive potential. Visit Best Wallet Token.

This article is for informational purposes only and does not provide financial advice. Cryptocurrencies are highly volatile, and the market can be unpredictable. Always perform thorough research before making any cryptocurrency-related decisions.

SpacePay is building a future where crypto payments are fast, simple, and just as usable as cash or cards. At the heart of it all is the SPY token, and after the presale, this token could see serious upside if the system works as planned.

Unlike meme coins that rise on hype alone, SPY is tied to a working product. Every time someone uses SpacePay, value flows through the network, and that value is designed to feed directly back into the token. This is why many investors are watching SPY closely as it moves into its next phase.

From Presale to Profit: What Happens Next for SPY?

SpacePay’s Transaction Engine: The Core of Future Value

SpacePay makes crypto spending feel as simple as scanning a card. When users pay with crypto, the merchant receives fiat instantly. There is no delay or volatility risk.

Users also get to transact at low fees, as the project charges only 0.5% per transaction. It is also fully decentralized and accepts various types of crypto.

The platform connects with more than 325 wallets and works seamlessly on traditional point-of-sale systems.

Every single transaction goes through the SpacePay engine. That engine creates activity and generates transaction-based revenue. As volume grows, more value circulates through the system, and that is where SPY comes in. The token could even grow in value within a short time after the presale.

The token is used to reward users, power loyalty programs, and fuel the ecosystem. As adoption increases, so does the need for SPY. That is a model with built-in demand.

One of the biggest advantages SpacePay has is how easy it is for merchants to adopt. It does not require new hardware. Instead, it runs on existing Android-based point-of-sale terminals using a simple APK install.

This makes it possible for shops to accept crypto payments without expensive upgrades or retraining staff. With built-in volatility protection and instant settlement, it removes the major pain points that usually come with accepting crypto.

That kind of simplicity opens the door for rapid expansion, especially in markets where mobile-first commerce is already strong.

Revenue Share and Passive Income for Holders

Additional Investor Incentives That Boost SPY’s Value

What Could Drive SPY Price Appreciation After the Presale?

Several key factors could influence SPY’s price once the presale ends. First, as more tokens are locked into loyalty programs and reward systems, the circulating supply decreases. That could apply upward pressure on price if demand stays strong.

Second, as SpacePay signs on new merchants across Europe, Asia, and Latin America, transaction volume increases. That directly boosts the value of SPY through usage-based revenue and ecosystem activity.

Third, SpacePay has committed a significant portion of its resources to marketing. With 18% of the token supply allocated to awareness and community building, more users are likely to discover the project in the months ahead.

Finally, SPY is expected to list on both decentralized and centralized exchanges once the presale is over. These listings will give the token broader access, more visibility, and could unlock new levels of liquidity.

How to Buy SPY Now Before the Presale Ends

The presale is moving fast, and early buyers will get the token at a discounted price. To join in now,visit the official SpacePay presale siteand connect your wallet. You can use MetaMask, Trust Wallet, Coinbase Wallet, or any other Web3-supported wallet.

Once connected, choose how you want to pay. SPY is available for purchase using ETH, USDT, MATIC, BNB, AVAX, BASE, or even a credit or debit card. Confirm the transaction, and the tokens will appear in your wallet.

Once the token is listed, its value will depend on exchange prices and market demand, so getting in early could give you the most leverage.

  JOIN THE SPACEPAY (SPY) PRESALE NOW

Website    |    (X) Twitter    |  Telegram

This article is for informational purposes only and does not provide financial advice. Cryptocurrencies are highly volatile, and the market can be unpredictable. Always perform thorough research before making any cryptocurrency-related decisions.

This is 2025 and cryptocurrency is now a full fledge financial force globally. Volatility and regulation have become a thing of the past. Today, crypto market participants are looking for innovative technologies to invest in new concepts and new strategies. One such innovation is the combination of CEX and DEX under one roof, namely the BYDFi. This platform offers the most comprehensive, secure, and user-friendly experience by being your one-stop social trading platform.

How is this possible? BYDFi has launched MoonX, a Web3 trading tool that combines the efficiency of centralized exchanges (CEX) with the freedom of decentralized exchanges (DEX). This innovation is sure to change the course of 2025 crypto trading. Let’s discuss what the dual engine strategy has to offer.

Is BYDFi Your Average Social Trading Platform?

Inside BYDFi’s CEX

The Accessibility of BYDFi’s CEX

The Security and Regulatory Compliance of BYDFi’s CEX

BYDFi’s CEX With MoonX

MoonX’s Security Structure

This collaborates with Safeheron and uses MPC (Multi-Party Computation) & TEE (Trusted Execution Environment) technology to develop the industry’s most advanced decentralized key management solution. In addition, MoonX provides secure trading across devices with GoPlus, a third-party security audit authority, which conducts real-time security audits for on-chain pairs and sends alerts when they may be unsafe, preventing many scams like Rug Pulls and phishing.

Dual-Engine Strategy Of BYDFi Is Shaping 2025 Crypto Trading

The combo of CEX and DEX eliminates the limitations of singular models and offers the capabilities of both to revitalize the concepts in the 2025 Crypto Trading Market.

CEX Efficiency & Deep Liquidity Aggregation

Decentralized Innovation & Permissionless Market Access via MoonX

The Unified Trading Nexus, The Synergy

BYDFi’s Commitment to the Future of Crypto Trading

Conclusion

If passed, the bill will establish for the first time a regulatory regime for stablecoins, a fast rising financial product.

The United States Senate has passed a bill to create a regulatory framework for US-dollar-pegged cryptocurrency tokens known as stablecoins, in a watershed moment for the digital asset industry.

The bill, dubbed the GENIUS Act, received bipartisan support on Tuesday, with several Democrats joining most Republicans to back the proposed federal rules. It passed 68-30. The House of Representatives, which is controlled by Republicans, needs to pass its version of the bill before it heads to President Donald Trump’s desk for approval.

Stablecoins, a type of cryptocurrency designed to maintain a constant value, usually a 1:1 dollar peg, are commonly used by crypto traders to move funds between tokens. Their use has grown rapidly in recent years, and proponents say that they could be used to send payments instantly.

If signed into law, the stablecoin bill would require tokens to be backed by liquid assets – such as US dollars and short-term Treasury bills – and for issuers to publicly disclose the composition of their reserves on a monthly basis.

“It is a major milestone,” said Andrew Olmem, a managing partner at law firm Mayer Brown and the former deputy director of the National Economic Council during Trump’s first term.

“It establishes, for the first time, a regulatory regime for stablecoins, a rapidly developing financial product and industry.”

The crypto industry has long pushed for lawmakers to pass legislation creating rules for digital assets, arguing that a clear framework could enable stablecoins to become more widely used. The sector spent more than $119m backing pro-crypto congressional candidates in last year’s elections and had tried to paint the issue as bipartisan.

The House passed a stablecoin bill last year but it died after the Senate, in which Democrats held the majority at the time, did not take it up.

Conflict of interest

Trump has sought to broadly overhaul US cryptocurrency policies after courting cash from the industry during his presidential campaign.

Bo Hines, who leads Trump’s Council of Advisers on Digital Assets, has said the White House wants a stablecoin bill passed before August.

Tensions on Capitol Hill over Trump’s various crypto ventures at one point threatened to derail the digital asset sector’s hope of legislation this year as Democrats have grown increasingly frustrated with Trump and his family members promoting their personal crypto projects.

“In advancing these bills, lawmakers forfeited their opportunity to confront Trump’s crypto grift – the largest, most flagrant corruption in presidential history,” said Bartlett Naylor, financial policy advocate for Public Citizen, a consumer rights advocacy group.

Trump’s crypto ventures include a meme coin called $TRUMP, launched in January, and a crypto company he partly owns, called World Liberty Financial.

The White House has said there are no conflicts of interest present for Trump and that his assets are in a trust managed by his children.

Other Democrats have expressed concern that the bill would not prevent Big Tech companies from issuing their own private stablecoins, and argued that legislation needed stronger anti-money laundering protections and prohibitions on foreign stablecoin issuers.

“A bill that turbocharges the stablecoin market, while facilitating the president’s corruption and undermining national security, financial stability and consumer protection is worse than no bill at all,” said Senator Elizabeth Warren, a Democrat, in remarks on the Senate floor in May.

The bill could face further changes in the House.

In a statement, the Conference of State Bank Supervisors called for “critical changes” to mitigate financial stability risks.

“CSBS remains concerned with the dramatic and unsupported expansion of the authority of uninsured banks to conduct money transmission or custody activities nationwide without the approval or oversight of host state supervisors,” said president and CEO Brandon Milhorn in a statement.

The emerging Web3 project Snorter Bot (SNORT) has successfully accumulated over $1 million through its ongoing crypto presale campaign, positioning itself as a potential game-changer within the Solana ecosystem.

This innovative meme token combines a familiar animal-themed branding approach with practical trading bot functionality, presenting users with advanced tools for navigating the volatile crypto market.

The project’s unique approach has attracted whale investors and retail buyers alike, making the Snorter Token presale one of the most promising crypto investment options in 2025.

Advanced Trading Bot Technology Powers Snorter’s Competitive Edge

Snorter distinguishes itself from conventional meme crypto projects by delivering genuine utility through its sophisticated Telegram-based trading platform. The Snorter Bot protocol provides users with lightning-fast transaction capabilities, automated token discovery for new launches, portfolio management tools, and copy trading features.

These comprehensive functionalities are designed to give traders a decisive advantage in the fast-paced cryptocurrency environment.

The platform also incorporates cutting-edge MEV protection and intelligent anti-scam detection systems, addressing critical security concerns in the meme coin sector. Snorter Token holders benefit from reduced trading fees, paying only 0.85% compared to the industry-standard 1.5% rate.

This competitive fee structure, combined with the bot’s high-performance capabilities, creates compelling value for active traders seeking efficient execution tools.

Impressive Presale Performance Reflects Strong Market Demand

The Snorter Bot project has also attracted endorsements from notable crypto influencers, including ClayBro (136,000 YouTube subscribers), who highlighted Snorter’s combination of meme culture and real-world trading utility.

Early participants can access substantial staking rewards of approximately 462% APY, creating additional incentives for long-term holders.

Multi-Chain Expansion Plans Position Snorter for Widespread Adoption

Furthermore, Snorter Bot’s robust security measures will tackle the rampant scam epidemic affecting countless investors – with testing phases demonstrating an 85% chance that Snorter will identify fraudulent projects.

Snorter’s flexible infrastructure will eventually span numerous blockchain networks (including BNB Chain, Ethereum, and Base as well as Solana), offering unmatched versatility for modern crypto traders.

The next SNORT price increase is scheduled to take place in a matter of hours, but the tokens are currently priced at just $0.0951.

Visit Snorter Token Presale

This article is for informational purposes only and does not provide financial advice. Cryptocurrencies are highly volatile, and the market can be unpredictable. Always perform thorough research before making any cryptocurrency-related decisions.