Crypto Surges After Trump Sways Republicans To His Stablecoin Bills
Forbes2 days
House Advances Crypto Bills After Historic 10-Hour Vote
Above: A Bitcoin sign is displayed on the wall of developers Ciprés and Rilea Group, on July 16, 2025, in Miami, Florida. Image copyright: Joe Raedle/Getty Images
The Spin
Republican narrative
This legislation represents a crucial breakthrough for American financial innovation and economic competitiveness. The regulatory clarity will unleash trillions in investment and cement America's leadership in digital assets while protecting consumers through proper oversight. These bills strike the right balance between fostering innovation and preventing government overreach through digital surveillance currencies.
Democratic narrative
The rushed process and Trump's personal crypto investments raise serious concerns about conflicts of interest and regulatory capture. Democrats worry the legislation prioritizes industry profits over consumer protection and financial stability. The president's family crypto empire creates an unseemly appearance that undermines confidence in fair policymaking.