The measure first cleared the Senate on 4 March and then passed through the House the following week. Due to its link to a budgetary matter, it needed another final vote in the Senate before reaching President Trump’s desk.
Cryptocurrency
Argentina’s Libra crypto scandal: What you need to know about the Congressional investigation?
The Chamber’s decision to investigate comes almost two months after President Javier Milei promoted the Libra cryptocurrency on his official X account.
The DOJ won’t be a regulator for digital assets anymore. While it reduces its involvement in regulating cryptocurrencies, the SEC is stepping up its efforts to establish clearer rules for the industry.
Over the weekend, Bitcoin dropped by as much as 11%, hitting a 25-day low of $74,660.
Grayscale’s latest filing comes at a time of heightened competition among asset managers seeking approval for Solana-linked ETFs, including Fidelity, VanEck, Bitwise, 21Shares, and Canary Capital.
On 2 April, the House Financial Services Committee voted 32-17 in favour of the stablecoin bill. This included support from 27 Republicans and 5 Democrats.
According to a filing with the SEC, GameStop has stated that the funds will be used for “general corporate purposes, including the acquisition of Bitcoin”.
The attack specifically targeted UPCX’s management accounts, from which the hacker successfully withdrew 18.4 million $UPC tokens, valued at around $70 million.
The Department of Government Efficiency (DOGE) was created by President Donald Trump with a clear goal: to make government operations 15% more efficient.
As part of the agreement, Galaxy Digital will pay the settlement in four instalments over three years.
