Latest news with #cryptoIndustry
Washington Post
28-05-2025
- Business
- Washington Post
Vance urges crypto industry to stay involved in politics as he touts Trump administration's record
Vice President JD Vance praised the cryptocurrency industry Wednesday and urged it to remain active in U.S. politics and policymaking, highlighting the Trump administration's close ties to a deep-pocketed industry that's become a powerful force in Washington. Speaking at a bitcoin conference in Las Vegas, Vance urged the crypto executives and enthusiasts to keep pressure on Congress to pass pro-crypto legislation supported by the White House.
Yahoo
27-05-2025
- Business
- Yahoo
India's crypto industry urges tax cuts as Donald Trump support softens New Delhi stance
India's cryptocurrency industry is lobbying for cuts to taxes that have curbed domestic trading, in a bid to take advantage of what it sees
The Independent
21-05-2025
- Business
- The Independent
Bitcoin hits new price highs as crypto industry scores wins
Bitcoin hit a new all-time high as the world's most popular cryptocurrency reached price levels not seen since President Donald Trump's inauguration. The digital asset traded above $109,400 Wednesday morning, a huge increase from recent lows of about $75,000 last month. Several other cryptocurrencies have seen similar large gains in recent days. That includes Trump's official meme coins, which have jumped up about 75% in the last month. The president is set to have dinner Thursday with some of the meme coins' biggest investors, a move that's drawn intense criticism from some Democrats who say that Trump is improperly using the power of the presidency to boost his personal wealth. Bitcoin's price increase comes after the crypto industry scored a major win with the U.S. Senate advancing legislation that creates a federal framework to regulate the stablecoins, a fast-growing form of cryptocurrency whose values are often tied to the U.S. dollar. The bipartisan vote was a major win for the politically powerful cryptocurrency industry, which spent heavily in last year's election and has amassed a large war chest for next year's contests. A former skeptic turned enthusiastic booster, Trump has been a major promoter of the crypto industry and previously took credit when bitcoin's price broke $100,000 in December. His administration has established a 'strategic bitcoin reserve' for the U.S. government and dropped or paused several enforcement actions against major crypto companies.
Forbes
21-05-2025
- Business
- Forbes
Bitcoin Sets New All-Time High
Bitcoin reached an all-time high on Wednesday, surpassing a record set shortly after President Donald Trump's inauguration, after the Senate advanced further regulations on some cryptocurrencies earlier this week, sparking a broader crypto market surge and regulatory optimism. The Senate advanced regulations for stablecoins earlier this week, following support from the ... More broader crypto industry. The price of Bitcoin briefly peaked at $109,450.50 earlier Wednesday, surpassing a previous all-time high of $109,228 on Jan. 20, though the crypto has since fallen to just over $108,480. This is a developing story and will be updated.
Associated Press
21-05-2025
- Business
- Associated Press
Bitcoin hits new price highs as crypto industry scores wins
Bitcoin hit a new all-time high as the world's most popular cryptocurrency reached price levels not seen since President Donald Trump's inauguration. The digital asset traded above $109,400 Wednesday morning, a huge increase from recent lows of about $75,000 last month. Several other cryptocurrencies have seen similar large gains in recent days. That includes Trump's official meme coins, which have jumped up about 75% in the last month. The president is set to have dinner Thursday with some of the meme coins' biggest investors, a move that's drawn intense criticism from some Democrats who say that Trump is improperly using the power of the presidency to boost his personal wealth. Bitcoin's price increase comes after the crypto industry scored a major win with the U.S. Senate advancing legislation that creates a federal framework to regulate the stablecoins, a fast-growing form of cryptocurrency whose values are often tied to the U.S. dollar. The bipartisan vote was a major win for the politically powerful cryptocurrency industry, which spent heavily in last year's election and has amassed a large war chest for next year's contests. A former skeptic turned enthusiastic booster, Trump has been a major promoter of the crypto industry and previously took credit when bitcoin's price broke $100,000 in December. His administration has established a 'strategic bitcoin reserve' for the U.S. government and dropped or paused several enforcement actions against major crypto companies.
