Tether is set to launch a new stablecoin specifically for the US market, a move that follows recent regulatory support from former President Trump. This decision aims to cater to the growing demand for stable digital currencies while ensuring compliance with US regulations.

Senate Democrats, led by Elizabeth Warren, are demanding information regarding President Trump's associations with cryptocurrency and the dealings of Binance. Their concerns have intensified following Binance's legal issues and Trump's family's reported involvement in discussions with the firm, complicating the legislative landscape surrounding digital assets.

Former President Donald Trump has issued a pardon to Changpeng Zhao, the founder of cryptocurrency exchange Binance, who was previously convicted on multiple charges. This controversial decision has raised questions about the implications for the cryptocurrency industry and regulatory oversight.

President Trump has expressed his support for the Bitcoin bill introduced by Senator Cynthia Lummis, which aims to provide a regulatory framework for cryptocurrency. This endorsement could significantly impact the legislative landscape surrounding digital currencies in the United States, potentially encouraging further adoption and investment in Bitcoin.

President Trump has pardoned Binance founder Changpeng Zhao, who had pleaded guilty to money laundering while leading the cryptocurrency exchange. The pardon follows allegations of political motivations tied to Trump's own crypto ventures and has drawn criticism from figures like Senator Elizabeth Warren, who accused Trump of corruption in the decision-making process. Zhao expressed gratitude for the pardon, emphasizing a commitment to advancing the cryptocurrency industry in the U.S.

Bitcoin reached a record price of $124,480, continuing its summer rally, driven by an influx of companies investing in the cryptocurrency and supportive policies from the Trump administration. The digital asset has surged 30% in value this year, propelled by the opening of US retirement plans to crypto investments and the rise of "bitcoin treasury" companies.

The Senate passed the GENIUS Act, establishing federal regulations for U.S. dollar-pegged stablecoins and allowing private companies to issue digital dollars with government approval. While the bill faces challenges in the House, it represents a significant step for the crypto industry, which has heavily invested in pro-crypto lawmakers. Critics argue the legislation benefits President Trump's crypto ventures, as it does not prevent elected officials from profiting off digital assets.

An announcement offering a VIP dinner with Donald Trump for top holders of the TRUMP memecoin triggered $2.4 billion in onchain transfers and a 200% increase in trading activity. The price of the token jumped 60% following the news, although trading volumes have since diminished.

A golden statue of Binance founder Changpeng Zhao has surfaced in Washington D.C., leading to discussions about its connection to former President Donald Trump, who is rumored to be considering a pardon for Zhao. The statue has sparked both admiration and criticism, reflecting the polarized views surrounding cryptocurrency and Zhao's influence in the industry.

President Trump is facing criticism over potential conflicts of interest related to his family's cryptocurrency ventures as he announces two fundraising dinners for TRUMP memecoin holders. Lawmakers have raised ethical concerns regarding these events, which promise exclusive access to the presidency in exchange for significant investments.

The U.S. Department of Justice has disbanded its National Cryptocurrency Enforcement Team, shifting its focus away from prosecuting crypto exchanges for regulatory violations toward criminal activities involving digital assets. This decision aligns with President Trump's executive order aimed at providing regulatory clarity for the crypto industry, marking a significant change in the DOJ's approach to digital asset enforcement.

Donald Trump has called for the swift passage of a new stablecoin bill, emphasizing the importance of regulatory clarity in the cryptocurrency sector. He believes that a well-structured framework will benefit the U.S. economy and foster innovation in digital currencies. Trump's advocacy highlights the growing intersection of politics and the evolving landscape of cryptocurrencies.

The article discusses how Changpeng Zhao, founder of Binance, received a pardon from Donald Trump after pleading guilty to money-laundering violations, highlighting a trend of leniency towards financial criminals during Trump's presidency. It critiques the framing of Zhao's pardon as a crypto-related issue, emphasizing Trump's broader ideological commitment to absolving fraudsters and scammers. The article also notes the historical context of pardons for white-collar criminals compared to other offenses.

A crypto trader who profited $190 million by shorting the market before a tariff announcement is now believed to have made another $56,522 by betting on President Trump's pardon of Binance founder Changpeng Zhao. While some speculate insider knowledge due to the timing of the trades, others argue that the pardon was widely anticipated in the crypto community.

Former President Donald Trump has granted a pardon to the convicted founder of Binance, a major cryptocurrency exchange. This decision has sparked discussions regarding its implications for the cryptocurrency sector and regulatory landscape.