Today at 12:30 PM
Trump's ‘crypto week’ advances stablecoin regulation — Bloomberg
Bloomberg reports that President Donald Trump's announced "crypto week" featured the longest procedural vote in US House of Representatives history. The initiative, supporting cryptocurrency development, includes advancing a stablecoin bill that would establish federal oversight of dollar-pegged digital currencies.
The legislation requires issuers to maintain dollar reserves in short-term government debt or equivalent assets. Having already passed the Senate last month, the bill now awaits House approval before potentially reaching Trump's desk for signature.
This development could mark a major regulatory breakthrough for cryptocurrencies, according to Bloomberg. The increased clarity may pave the way for the House to consider broader digital asset market structure rules in future sessions.
Recommended
Today at 9:50 AM
Yesterday at 6:56 AM
Ethereum surpassed $3,000 amid reduced exchange supply
15 July
Bitcoin surges past $123,000 level on Monday
15 July
15 July
Top news
Today at 11:20 AM
Today at 10:28 AM
Today at 10:03 AM
Today at 9:50 AM