With the death of Senator Lindsey Graham and another senator hospitalized, Republicans’ current majority in the chamber has been reduced to 51-47, likely requiring more Democratic support to pass crypto market structure. US President Donald Trump is urging members of the Senate to pass the Digital Asset Market Clarity (CLARITY) Act “in honor of” Senator Lindsey Graham, who died over the weekend. In a Monday Truth Social post, Trump said that Graham had been “a big supporter” of the CLARITY Act, calling on the Senate to pass the legislation. The chamber has four weeks in session before a month-long state work period in August, giving lawmakers a small window of opportunity to pass the crypto market structure bill. Graham died at age 71 on Saturday. Source: Donald Trump Read more
Bitcoin bulls faced an uphill struggle to preserve $62,000 as stocks opened down on Strait of Hormuz rhetoric between the US and Iran. Bitcoin (BTC) fell further into Monday’s Wall Street open as markets reacted to the US-Iran escalation. Key points: Read more
The US President disclosed earning more than $1 billion from crypto ventures amid discussions of a digital asset market structure bill in Congress and legislation to ban CBDCs awaiting his desk. US President Donald Trump has responded to criticism of his 2025 financial disclosures, showing that he earned $1.4 billion in income from crypto-related ventures while in office. In a Thursday interview with CNBC’s Joe Kernen, Trump said that there was “nothing illegal” and “nothing wrong” with profiting from his crypto investments as president. He claimed that other people were responsible for his investments and he didn’t “even know who they are,” not directly answering questions about perceived conflicts of interest as president. Donald Trump (left) and Joe Kernen (right). Source: CNBC Read more