Trump to sign landmark crypto bill, GENIUS Act
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Week when crypto won big in America
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The crypto sector's market value hit $4 trillion on Friday, according to CoinGecko, marking a milestone that reflects its shift from a nascent asset class to a central part of the global investment landscape.
The crypto industry was headed for a landmark moment in the House with three bills that it helped push going to a vote. But a coalition of ultraconservative House Republicans staged a mutiny.
Trump signs GENIUS Act into law after tumultuous crypto week as Bitcoin maintains $119K support with flag pattern targeting $181K breakout.
Anita Ramaswamy, columnist at The Information, joins Marketplace’s Meghan McCarty Carino for “Tech Bytes: Week in Review.”
The crypto industry will take a step closer to going mainstream this week as a series of industry-friendly bills progress through Congress, paving the way for digital assets to potentially be further integrated into traditional finance.
House Republicans are struggling with cryptocurrency legislation that they had expected to pass during what they dubbed “crypto week.”
Initially centered on online gaming and sports wagering, SharpLink has increasingly shifted its focus towards blockchain-based finance while also incorporating blockchain technology into its betting experience.
Bitcoin's surge to a record this week has reignited questions about the role institutional investors are playing in pushing it higher, with analysts suggesting their role is still in its infancy.