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Trump Media says it's raising $2.5 billion to buy bitcoin
The Truth Social parent company's move is another example of Trump's push to be seen as the first "crypto president."
#BinanceHODLerC
The Truth Social parent company's move is another example of Trump's push to be seen as the first "crypto president."
#BinanceHODLerC
How to bring the son back lol
Bitcoin remained stable on Wednesday after retreating from all-time highs, as investors monitor the progress of important cryptocurrency bills in the U.S. following an initial setback in the House of Representatives.
The world's largest cryptocurrency was trading up 0.4% at $$ 117.838,4 at 06:18 (Brasilia time).
The asset soared to record peaks above $$ 123.000 on Monday, driven by increasing institutional adoption and optimism regarding pending legislation in the U.S. that could provide the long-awaited regulatory clarity for digital assets.
However, the token fell below $$ 116.000 in the previous session amid profit-taking and concerns over U.S. trade tariffs.
Trump says GENIUS Bill will be voted on in the House
The surge was partly driven by the agenda of the so-called "Crypto Week" in Congress, which includes three major bills focused on stablecoins, regulation of digital assets, and a ban on a digital currency issued by the Federal Reserve.
On Tuesday, House lawmakers voted 196-222 against a procedural rule necessary to advance the debate on the legislation. The setback briefly affected market sentiment, leading to a nearly 3% drop in Bitcoin and declines in cryptocurrency-related stocks.
By the end of Tuesday, President Donald Trump said he met with 11 of the 12 Republican lawmakers needed to support the GENIUS Bill, which establishes federal oversight for stablecoins.
"I am in the Oval Office with 11 of the 12 congressmen needed to pass the GENIUS Bill and, after a brief discussion, they all agreed to vote tomorrow (Wednesday) morning in favor of the Rule," Trump said in a post on Truth Social.
#BTC120kVs125kToday
The world's largest cryptocurrency was trading up 0.4% at $$ 117.838,4 at 06:18 (Brasilia time).
The asset soared to record peaks above $$ 123.000 on Monday, driven by increasing institutional adoption and optimism regarding pending legislation in the U.S. that could provide the long-awaited regulatory clarity for digital assets.
However, the token fell below $$ 116.000 in the previous session amid profit-taking and concerns over U.S. trade tariffs.
Trump says GENIUS Bill will be voted on in the House
The surge was partly driven by the agenda of the so-called "Crypto Week" in Congress, which includes three major bills focused on stablecoins, regulation of digital assets, and a ban on a digital currency issued by the Federal Reserve.
On Tuesday, House lawmakers voted 196-222 against a procedural rule necessary to advance the debate on the legislation. The setback briefly affected market sentiment, leading to a nearly 3% drop in Bitcoin and declines in cryptocurrency-related stocks.
By the end of Tuesday, President Donald Trump said he met with 11 of the 12 Republican lawmakers needed to support the GENIUS Bill, which establishes federal oversight for stablecoins.
"I am in the Oval Office with 11 of the 12 congressmen needed to pass the GENIUS Bill and, after a brief discussion, they all agreed to vote tomorrow (Wednesday) morning in favor of the Rule," Trump said in a post on Truth Social.
#BTC120kVs125kToday
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