Bitcoin Rises After U.S. Lawmakers Pass Crypto Bills — Market Talk
Bitcoin rises following last week's 'crypto week' in the U.S., where lawmakers approved landmark legislation for the industry. President Trump on Friday signed into law new regulations for stablecoins, a type of cryptocurrency pegged to another asset such as the dollar. The House passed two other crypto bills last week, including one that creates a new market structure for digital assets and another that bans the Federal Reserve from issuing a new digital currency. Bitcoin rises 0.8% to $119,124, LSEG data show. It reached a record high of $123,153 last Monday in anticipation of the legislation being approved. ([email protected])