Trump, Democrats and Crypto
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The Venetian Convention and Expo Center will host the world’s largest bitcoin conference next week. While the cryptocurrency community has gathered in Las Vegas before
The Senate voted 66-32 Monday evening to advance first-of-its-kind legislation to regulate “stablecoins,” a kind of cryptocurrency. Democrats had initially voted to block the bill earlier this month amid concerns over President Donald Trump’s cryptocurrency deals.
Maxine Waters’ “Stop TRUMP in Crypto Act” would prevent Trump and his immediate family from profiting off crypto while he's in office.
As people began arriving for the event, the price of $TRUMP dropped suddenly by about 6%, indicating a significant sales volume, before stabilizing.
House Financial Services Committee ranking member Maxine Waters joined fellow Democrats in introducing a bill barring the president, vice president, members of Congress or their families from owning so much of a cryptocurrency that they are able to influence the market.
The stablecoin bill passed a key procedural vote, finally, but it was a heavy lift engineered in the 11th hour Monday night by the bill’s sponsor, Tennessee GOP Sen. Bill Hagerty.
2don MSN
WASHINGTON (AP) — It seems like a triumph for a cryptocurrency industry that has long sought mainstream acceptance: Top investors in one of President Donald Trump ’s crypto projects invited to dine with him at his luxury golf club in Northern Virginia on the heels of the Senate advancing key pro-crypto legislation and while bitcoin prices soar.
Jayendra Jog, co-founder of Sei Labs (CRYPTO: SEI), believes the politicization of crypto in the United States is beginning to fade and that as the industry matures, support from
President Donald Trump addressed top investors in his family’s cryptocurrency operation on Thursday night from a podium emblazoned with the presidential seal in apparent violation of federal law. The prominent appearance of the seal as Trump pitched his $TRUMP meme coin at an exclusive dinner at one of his golf courses made it appear that the federal government was somehow linked to the private business.