Crypto news latest related article
Here are some of the latest cryptocurrency-related news articles based on recent developments as of May 7, 2025:
Tensions Over Trump's Crypto Ventures Escalate
Reuters (May 6, 2025) reports that tensions on Capitol Hill have intensified due to President Donald Trump’s cryptocurrency ventures, particularly his involvement with the Official Trump (TRUMP) token and World Liberty Financial (WLFI). Democratic lawmakers, frustrated by Trump’s promotion of personal crypto projects, stalled a key hearing on digital asset legislation, potentially derailing hopes for crypto regulation by year-end. Senator Richard Blumenthal announced a preliminary inquiry into Trump’s crypto ventures, citing concerns over corruption and conflicts of interest.
Democrats Launch Bills and Inquiry Against Trump’s Crypto Ventures
Cointelegraph (May 6, 2025) highlights a multi-pronged Democratic response to Trump’s crypto initiatives. Two proposed bills, including the Modern Emoluments and Malfeasance Enforcement Act (MEME Act), aim to prevent federal officials from profiting via memecoins. Additionally, the Permanent Subcommittee on Investigations is probing Trump’s TRUMP token and WLFI, while New Hampshire became the first U.S. state to allow government investment in cryptocurrencies like Bitcoin.
Democrats Walk Out of Crypto Hearing Over Trump Ties
The Economic Times (May 6, 2025) notes that Bitcoin remains stable at around $93,831, while Ethereum and XRP experienced slight declines. The article suggests potential for bigger market moves in 2025, driven by institutional interest and adoption, with altcoins like Solana, BNB, and Chainlink also gaining traction.
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