Cryptocurrency

US President Donald Trump wants to allow $9 trillion in pension savings to be invested in cryptocurrency.

An estimated 70 officials from Donald Trump’s administration own cryptocurrency or invest in blockchain companies, with assets ranging from modest amounts to as much as $120 million.

The US House of Representatives overcame a key procedural hurdle on Wednesday for several cryptocurrency bills, setting the stage for their likely approval following intervention by President Donald Trump, who revived the initiative.

Cryptocurrency

Bitcoin remained stable on Wednesday after pulling back from record highs as investors watched the progress of key U.S. cryptocurrency bills following an initial setback in the House of Representatives.

According to Reuters, the Official Trump (TRUMP) memecoin has generated hundreds of millions in profits for cryptocurrency exchanges and significant income for its creators.

Exchanges

The world’s largest crypto exchange, Binance, provided support for a cryptocurrency project owned by the Trump family, and its founder, Changpeng Zhao (CZ), is now reportedly seeking a pardon from the U.S. president, Bloomberg reports, citing sources familiar with the matter.

Representatives of the U.S. Democratic Party, led by Maxine Waters and Stephen Lynch, have declared the upcoming week as "Crypto Corruption Week" in an effort to block the GENIUS, CLARITY, and anti-CBDC cryptocurrency bills.

Cryptocurrency

Bitcoin surged to new highs on Friday, surpassing the $118,000 mark, driven by strong institutional interest and crypto-friendly policies from U.S. President Donald Trump's administration.

Cryptocurrency

Bitcoin rose on Thursday but remained below the near-record high of almost $112,000 it briefly touched a day earlier, as profit-taking and renewed concerns over U.S. tariffs tempered investor enthusiasm.

Cryptocurrency

Bitcoin rose slightly on Wednesday, continuing a cautious movement as investors stayed on the sidelines amid new U.S. tariff announcements and looked ahead to the upcoming “Crypto Week” in mid-July for potential regulatory clarity.