The US president's intention to host a dinner for people who purchased millions of dollars worth of his memecoin has contributed to slowing or halting crypto bills in Congress.
Politics News
Politics is an activity of public authorities and administrations that is aimed at making decisions and resolving issues related to the functioning of a human community, particularly a state. Politics is divided between domestic and foreign policies, the latter of which is responsible for activities and relations with other states while, at the same time, preserving its national interests. World news concerning politics has important role in every country and, thereby, in the life of its citizens. As the use of cryptocurrency has spread globally, with governments having different opinions and, therefore, affecting international relations, many are trying to find ways to regulate it. Any news concerning world politics and cryptocurrencies has become popular in communities worldwide.
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Democratic members of Congress and organizations have announced two rallies and two press events ahead of a May 22 memecoin event at the US president's golf club.
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The GENIUS Act would legitimize stablecoins for institutional adoption and set a precedent for other global jurisdictions, according to the managing partner of DWF Labs.
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With his reported TRUMP memecoin purchases, Tron founder Justin Sun will have spent more than $90 million on crypto ventures tied to the US president and his family.
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Brian Armstrong recently said it's "not [his] place" to question Donald Trump's ties to crypto, but the CEO, like many in the industry, has been getting more political.
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The recent vote in the Senate to move the GENIUS stablecoin framework ahead has shown glaring cracks in the Democratic coalition.
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A potential attendee of the May 22 event told Cointelegraph his purchase of TRUMP's memecoin was "not political."
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The new SEC chair said the regulator "should not be in the business" of stifling innovation at companies like those involved in digital assets.
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Durov did not name the EU country that asked him to censor "conservative voices" on the platform but hinted at it with a baguette emoji.
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Christy Goldsmith Romero reportedly said she only planned to leave the financial regulator once Brian Quintenz had been confirmed as CFTC chair.
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The US Senate is expected to take up another vote on the GENIUS Act within days, but it's unclear whether the bill's supporters will address concerns from Democrats.
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Ukraine is said to be finalizing a Bitcoin reserve bill, which may see it become the next country to adopt BTC as a national reserve asset.
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Summer Mersinger is expected to leave the commission three years before her term ends to lead the Blockchain Association.
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While the three leading presidential candidates have indicated a pro-Bitcoin ETF stance, previous political promises have yet to materialize in South Korea.
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A bill to regulate stablecoins failed to pass a crucial vote in the US Senate on May 8 in part due to Democratic lawmakers' concerns over Donald Trump's ties to crypto.
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