Five senators called for committee hearings to investigate US President Donald Trump’s policies potentially being influenced by crypto funding from United Arab Emirates-linked and other entities. Five Democratic senators have called for committee hearings “to investigate the national security implications of President Trump’s cryptocurrency holdings” as the chamber considers digital asset market structure legislation. In a Friday notice, the Democratic ranking members of five US Senate committees and subcommittees asked lawmakers to address President Donald Trump’s 2025 financial disclosure, in which he reported earning about $1.4 billion connected to crypto ventures like his memecoin and family’s World Liberty Financial platform. The lawmakers said that the reports “heighten concerns about the President pushing Congress to pass crypto legislation in favor of the very industry he’s cashing in on,” referring to the Digital Asset Market Clarity (CLARITY) Act, on which the Senate is expected to vote this month. ...
Donald Trump confirmed on social media that he would not sign the 21st Century ROAD to Housing Act, which includes a ban on a US CBDC until the end of 2030, setting the stage for the bill to become law on Saturday. A bipartisan housing bill containing a ban on a central bank digital currency (CBDC) in the United States is set to become law as the deadline approaches for President Donald Trump to sign it. Just after midnight on Friday, the 21st Century ROAD to Housing Act will have been in Trump’s hands for 10 days, excluding Sundays, the maximum amount of time a bill can be on the president’s desk without a veto or a signature. Under the US Constitution, the legislation will automatically become law without action from Trump, who canceled the signing ceremony for the bill on Jun 24. In a Friday social media post, Trump confirmed that he would not sign the housing bill, calling Republicans in Congress who voted on the legislation “dumb” and urging the Senate to instead prioritize a controversial voting bill, t...
US President Donald Trump once called Bitcoin “a scam,” but admitted on Monday that he got involved in crypto “a little bit for politics.” US President Donald Trump says he got involved in crypto “for politics” and became pro-crypto after seeing how much money the industry was making. At a press conference in the Oval Office on Monday to announce “Trump Accounts,” an investment account for children under 18, Trump was asked whether the accounts would allow for Bitcoin (BTC). “I’ve become a big crypto guy only for one reason: If we don’t have it, China’s going to have it,” Trump answered. “I’m a fan, I wasn’t initially, I didn’t know much about it, but, for some of my first term, I wasn’t much involved, and I watched it grow, and it's a huge industry.” Read more
Nansen analysis shows that just under half a million wallets profited on Donald Trump’s memecoin, while the large majority of buyers lost out. Nearly 1 million buyers of Official Trump (TRUMP), US President Donald Trump’s memecoin, have lost a collective $3.8 billion on the token as of the end of June, newly reported analysis shows. As of the end of last month, 988,905 TRUMP buyers, or around two out of every three buyers, have lost money on the memecoin, The New York Times reported on Saturday, citing a report by analytics firm Nansen. Those buyers lost a total of $3.81 billion, which includes those who have held on to the token at a loss. Read more
OpenAI has reportedly discussed giving the US government a 5% equity stake in early Trump administration talks as Washington tightens AI model oversight. OpenAI, the company behind ChatGPT, has reportedly discussed giving the US government a 5% equity stake as artificial intelligence oversight in Washington intensifies. The company raised the idea in early discussions with the Trump administration as it seeks to navigate a tougher political environment ahead of a potential public listing, the Financial Times reported on Thursday, citing people familiar with the matter. OpenAI CEO Sam Altman argued that giving the public a financial stake in the company would be the best way to share the economic benefits of the booming AI industry. Read more
Memecoin sales and royalties made the most money for Trump last year, more than all of his golf courses combined. US President Donald Trump’s cryptocurrency ventures generated more income for him in 2025 than his real estate and resort businesses, according to his latest financial disclosures. Donald Trump’s annual financial disclosure report was released by the US Office of Government Ethics on Tuesday, revealing more than $1.4 billion in income from crypto-related ventures last year. The filings show Trump has profited substantially from an industry that he’s simultaneously regulating, which critics say creates a conflict of interest. In 2025, his administration pushed pro-crypto policy, a friendlier regulatory environment and executive orders favorable to digital assets, while his family’s ventures generated vast income as crypto markets surged to an all-time high. Read more
A spokesperson for the Democratic National Committee decried the move as “an opportunity to use the power of the presidency to make [Trump] and his family even richer.” Some of the fighters in Sunday's Ultimate Fighting Championship (UFC) event on the White House lawn will be paid bonuses in stablecoins issued by the Trump family crypto company World Liberty Financial. On Monday, World Liberty confirmed that UFC would pay up to $250,000 in bonuses using USD1, the US dollar-pegged stablecoin issued by the company. UFC had previously made a similar announcement before the event. The price of USD1 jumped above $1 on June 12 and remained there, according to CoinMarketCap data at last look. Trading volume in the past 24 hours was up more than 93%, at $2.38 billion. Read more
US President Donald Trump says the US and Iran have a deal for a “toll-free opening of the Strait of Hormuz,” sending Bitcoin to a two-week high. Bitcoin came just shy of $66,000 during Monday morning trading after US President Trump claimed that the US had brokered a peace deal with Iran that would reopen the Strait of Hormuz. “The deal with the Islamic Republic of Iran is now complete. Congratulations to all!” Trump posted on his Truth Social platform late on Sunday. “I hereby fully authorize the toll-free opening of the Strait of Hormuz, and, simultaneously herewith, authorize the immediate removal of the United States Naval blockade,” Trump said. “Ships of the World, start your engines. Let the oil flow!” Read more
Bitcoin stayed near local highs on a new US-Iran peace deal pledge as analysis saw conditions favoring a sustained BTC price rebound. Bitcoin (BTC) circled $64,000 into Sunday’s weekly close as a US-Iran peace deal appeared imminent. Key points: Read more