Crypto Market Gets Major Win
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It was a remarkable win for the crypto industry — and for President Trump, who campaigned on making the country "the crypto capital of the planet."
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On today's episode of CNBC Crypto World, bitcoin trades flat while ether and XRP rise. Plus, Coinbase announces an 'everything app' to replace the Coinbase Wallet. And, Rep. Bryan Steil (R-Wisc.) discusses the House's plans to pass crypto regulation bills after an hours-long delay.
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During debate on the House floor, Rep. Angie Craig (D-MN) spoke in support of HR 3633, the Digital Asset Market Clarity Act, and raised concerns about President Trump's family involvement in digital assets.
The Republican-controlled U.S. House of Representatives cleared key procedural hurdles on crypto legislation on Wednesday, a day after President Donald Trump intervened to save the initiative, paving the way for the first federal law for digital assets.
After an earlier setback for the Trump administration when House Republicans failed to advance a key procedural vote on a package of legislation including three crypto measures, President Donald Trump said late Tuesday he has made a deal with Republican members of Congress to advance the legislation on Wednesday.
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The Republican-controlled U.S. House of Representatives cleared a key procedural hurdle Wednesday, setting the stage for likely passage of several cryptocurrency bills a day after President Donald Trump intervened to save the initiative.