Bitcoin tops $118,000 for the first time, and keeps on going
Bitcoin has reached a record level, exceeding $ 118,000 while a flow of money enters the Bitcoin ETF, which opened the cryptocurrency to millions
Bitcoin has reached a record level, exceeding $ 118,000 while a flow of money enters the Bitcoin Spot ETF, which opened the cryptocurrency to millions.
A gentle US dollar and the conviviality of the digital currency of the administration of President Donald Trump also helped to push the price of bitcoin at unprecedented levels recently.
Last month, the Senate adopted legislation which would regulate a form of cryptocurrency known as Stablecoins, the first of what the industry hopes will be a wave of invoices to strengthen its legitimacy and reassure consumers.
Rapid legislation occurs in the tables of a campaign cycle in 2024 in which the cryptographic industry ranked among the best political expenditure in the country, stressing its growing influence in Washington and beyond.
Known as Genius Act, the bill would establish railing and consumer protections for stablecoins, a type of cryptocurrency generally set to the US dollar. The acronym means “to guide and establish national innovation for American stables”.
Next week, the House of Representatives will envisage that the genius act in the context of the efforts of the Congress to strengthen the position of the country’s cryptography.
