Trump expects stablecoin bill passage while Circle's IPO success accelerates accumulation.
1 report, 1 independent
Updated Jul 18
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What happened
Trump expects stablecoin bill passage while Circle's IPO success accelerates accumulation.
Who's involved
What this event is mainly aboutKeep exploring
Part of
The House passed a crypto market structure bill while Trump championed federal stablecoin legislation awaiting Senate consideration.Also in this story
- Bitcoin rose while XRP underperformed, and Solana gained, coinciding with John Thune filing cloture on a bill supported by Trump.
- The Administration is seeking to advance the crypto market bill.
- The Senate passed a Stablecoins bill, leading to increased competition and momentum in the digital currency space.
The entities involved
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Circle
peer-to-peer payments technology company
- Coinbase operates as a leading regulated crypto exchange, utilizing its Base Layer-2 network built on Ethereum, and shares revenue with Circle in the USDC ecosystem.
- Hana Bank is participating in a settlement network trial involving the Bank of Korea, while Binance announces a $100M investment to promote Circle's USDC.
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Donald Trump
American businessman and politician (born 1946), President of the United States (2017–2021; since 2025)
Related events
- Trump's nomination signals hawkish Fed expectations regarding monetary policy and market impact.
- Developments on July 4, 2025, included reports of Trump's tariff policy causing Bitcoin price drops, Cathie Wood's advocacy for BTC, and specific corporate holdings/partnerships involving Circle, Coinbase, and Kraken.
- Stablecoin use is gaining global traction with support from Trump, posing challenges to the monetary policy of the naira in Nigeria.
- Trump created a strategic Bitcoin reserve via executive order, prompting Congress to seek codification into law.
- Trump's investment activity tracked Bitcoin's market recovery, alongside aggressive allocation to digital asset proxies.
Coverage
Newest first; wire copies grouped- ReutersCrypto stocks jump as ether scales six-month high By Medha Singh (Reuters) -Crypto-focused stocks rose on Friday, after ether hit a six-month high on the passage of a stablecoin bill by the U.S. Hous