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However, as some Democrats have insisted that an imperfect bill is better than no regulatory legislation, the top Democrat on the Senate Banking Committee argued the opposite. In a speech on the Senate floor on Monday afternoon, Sen. Elizabeth Warren insisted, “while a strong stablecoin bill is the best possible outcome, this weak bill is worse than no bill at all.”
A former skeptic turned zealous promotor, Trump has promised to usher in a golden age for the cryptocurrency industry. His administration has already taken many early actions without Congress to boost crypto, including establishing a strategic bitcoin reserve and undoing previously enforcement actions. But Trump needs Congress to get some of his and the deep-pocketed industry’s top priorities passed, including enacting the stablecoin legislation.
US-China Tariff War Pulls Bitcoin Down, Gold Hits ATHA 245% tariff on Chinese imports triggered a 2% Bitcoin price dip and a 3.75% drop in the broader crypto market. Gold, meanwhile, surged to an all-time high of $3,300 as investors sought safe-haven assets.
The abduction was prevented when the child’s father intervened and physically confronted the attackers, despite sustaining injuries. The suspects fled in the same van, which was later found abandoned nearby. The Paris prosecutor’s office is leading the investigation, suspecting financial motives linked to the family’s crypto connections.
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Ethereum surged 9.0% to $2,687.03, riding high on optimism surrounding its ecosystem growth and staking momentum. Solana followed with a 5.9% gain to $182.26, supported by renewed bullish momentum after the Pump.fun revenue-sharing update sparked a surge in creator activity. Dogecoin also impressed, rising 5.7% to $0.239 as retail flows returned to top-ranked meme tokens.
XRP slides for two consecutive days as sentiment in the broader market remains cautious. In its debut, the XRP futures launch on CME Group’s derivatives platform exceeded $2.4 million in trading volume.
The partnership is geared toward gig workers, digital creators and international businesses looking to send or receive money in a faster, cheaper and more flexible way. MoonPay says it already works with over 500 crypto platforms and can now expand its reach to over 100 million active users
The bill seeks to curb Big Tech’s control over digital money, demanding special approval before giants like Meta can issue their own stablecoins. This is noteworthy because it is the first step toward true financial decentralization backed by federal law.
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After five years of quietly exploring the crypto space, Fifth Third Bank now says it’s ready to expand its offerings amid friendlier US regulations. The Cincinnati-based lender, which holds over US$200 billion in assets, has been working with crypto firms since 2020 but delayed larger moves until clearer guidance from regulators arrived.
Giann Liguid is a graduate of Ateneo De Manila University with an AB in Interdisciplinary Studies. With a diverse writing background, Giann has written content for the security, food and business industries. He also has expertise in both the public and private sectors, having worked in the government specializing in local government units and administrative dynamics. When he is not chasing the next market headline, Giann can most likely be found thrift shopping for his dogs.
