US Crypto Regulation Heats Up as Trump Pushes Clarity Act, Circle Secures Trust Bank Approval, While Saylor Pauses Bitcoin Buys
US Crypto Regulation Heats Up as Trump Pushes Clarity Act, Circle Secures Trust Bank Approval, While Saylor Pauses Bitcoin Buys
US President Donald Trump is urging lawmakers to pass the Clarity Act for crypto market structure, though the bill's prospects appear to be dimming. Meanwhile, MicroStrategy, under Michael Saylor, has surprisingly halted Bitcoin acquisitions for three consecutive weeks, opting to increase cash reserves after previous sales. In a positive regulatory development for stablecoins, Circle Internet Group has secured final approval from the U.S. Office of the Comptroller of the Currency to establish a national trust bank for the custody of USDC and other digital assets.
US President Donald Trump wants lawmakers to pass crypto market structure legislation in honor of the late Senator Lindsey Graham, who died unexpectedly on Saturday. Trump took to Truth Social on Monday morning to whip votes for the Clarity Act. “In honor of Senator Lindsey Graham, a big supporter, the U.S. Senate should pass the […]
The Bitcoin treasury firm Strategy (MSTR) has now gone three consecutive weeks without buying any BTC. On Monday, Strategy Chairman Michael Saylor announced the company increased its US dollar reserve by $450 million over the past week but opted not to buy any new Bitcoin. Over the two weeks prior, the firm sold a total […]
Circle Internet Group received final approval from the U.S. Office of the Comptroller of the Currency to establish a national trust bank for digital asset custody.