Here is what happened yesterday in the crypto market:
Political Turmoil Surrounds Crypto Hearings and Legislation
Democratic lawmakers are objecting to crypto hearings and stalling stablecoin bills due to concerns over President Trump’s involvement in the crypto space and potential corruption. This is causing delays and resistance in passing crypto legislation. A Senate Democrat is also scrutinizing Trump’s crypto activities. Read more
New Hampshire Approves Crypto Reserve Law
New Hampshire has become the first state to allow the investment of public funds into crypto assets, with the governor signing a new law that permits the state treasurer to invest in cryptocurrencies like Bitcoin. This move signifies a growing acceptance of crypto at the state level. Read more
Bitcoin Dominance Increases Amidst Market Uncertainty
Bitcoin’s dominance in the crypto market is surging, reaching a four-year high as traders rotate into the leading cryptocurrency ahead of the Federal Reserve’s FOMC meeting. This indicates a flight to safety amidst volatility and uncertainty in the broader market. Read more
VanEck Aims to Launch First BNB ETF in the U.S.
VanEck has submitted a proposal to the SEC to launch an exchange-traded fund (ETF) that tracks Binance’s BNB token. If approved, this would be the first BNB ETF in the U.S., offering investors regulated exposure to the token. Read more