Bitcoin ( BTC 4.39%) set a new all-time high today, topping $111,000 for the first time ever. After reaching a previous all-time high in December 2024, Bitcoin declined roughly 30%, leading many to believe the bull run that saw it nearly double from September through December was over. However, in the last month, Bitcoin is up nearly 50%.

Maxine Waters’ “Stop TRUMP in Crypto Act” would prevent Trump and his immediate family from profiting off crypto while he's in office.

The vote on the GENIUS Act, which would set up a regulatory framework for stablecoins, came two weeks after Senate Democrats blocked the measure.

The GENIUS Act concerns the issuance and exchange of stablecoins, a form of digital currency backed by another form of currency like the U.S. dollar or a commodity like gold.

The Genius Act broke through opposition from Democrats in the Senate on Monday evening, moving the key piece of stablecoin legislation forward.

House Financial Services Committee ranking member Maxine Waters joined fellow Democrats in introducing a bill barring the president, vice president, members of Congress or their families from owning so much of a cryptocurrency that they are able to influence the market.

The GENIUS bill is focused on "stablecoin" regulation, but some warn it may help Trump and his family profit from their crypto ventures.

The Senate took a key procedural vote Monday evening on a first-of-its-kind crypto regulation bill after Democrats tanked it earlier this month.

Democrats who had sided with the rest of their party last week to block the measure over concerns that President Trump could benefit dropped their objections. They argued that regulating the industry was urgent.

The U.S. House of Representatives voted 215-214 to pass President Donald Trump's "big, beautiful bill" that deals with taxes and expenditure on May 22. It can be argued that the bill, if voted into law,