Democrats Call for Senate Hearings on Trump's Massive Crypto Profits

The bipartisan sanctions bill could reshape global energy markets and diplomatic strategies, pressuring nations to reconsider Russian ties. The post Senate quartet announces breakthrough on sanctions against Russia appeared first on Crypto Briefing.

Geopolitical tensions highlight crypto's vulnerability to global events, underscoring the need for investors to monitor macroeconomic risks closely. The post Trump declares Iran ceasefire over, warns of retaliation as Bitcoin slides more than 3% appeared first on Crypto Briefing.

The post Senate Democrats Call for Hearings into Trump’s Ties to Crypto Amid CLARITY Act Discussions appeared on BitcoinEthereumNews.com. Five Democratic senators have called for committee hearings “to investigate the national security implications of President Trump’s cryptocurrency holdings” as the chamber considers digital asset market structure legislation. In a Friday notice, the Democratic ranking members of five US Senate committees and subcommittees asked lawmakers to address President Donald Trump’s 2025 financial disclosure, in which he reported earning about $1.4 billion connected to crypto ventures like his memecoin and family’s World Liberty Financial platform. The lawmakers said that the reports “heighten concerns about the President pushing Congress to pass crypto legislation in favor of the very industry he’s cashing in on,” referring to the Digital Asset Market Clarity (CLARITY) Act, on which the Senate is expected to vote on this month. “We call on our respective Comm

Five senators called for committee hearings to investigate US President Donald Trump’s policies potentially being influenced by crypto funding from United Arab Emirates-linked and other entities.

The post Gold price slips as Trump says Iran ceasefire is over appeared on BitcoinEthereumNews.com. Gold (XAU/USD) price retreats on Friday during the North American session, pressured by US President Donald Trump’s comments allowing the resumption of US-Iran talks, but reiterating that the ceasefire is “over.” The XAU/USD pair trades at around $4,103, down 0.48%. XAU/USD falls as renewed war risks lift yields and Dollar The yellow metal seems poised to end the week down 0.51%, driven by the escalation of the conflict. The Greenback erased its earlier losses, as the US Dollar Index (DXY), which measures the buck’s value against six currencies, holds firm at 100.94, unchanged. In his Truth Social account, President Trump posted, “The Islamic Republic of Iran has asked us to continue ‘talks.’ We have agreed to do so, but the United States has stated to them, in no uncertain terms, that the Cease Fire is OVER! Thank you for your attention to this matter. President DONALD J. TRUMP.” After

The post Democrats Call for Senate Hearings on Trump’s Massive Crypto Profits appeared on BitcoinEthereumNews.com. In brief Senate Democrats called for hearings into President Trump’s crypto holdings after disclosures showed over $1.2 billion in crypto-related income. The lawmakers cited potential conflicts of interest, foreign influence, and Trump’s role in shaping crypto policy. The push comes as the Clarity Act remains stalled over ethics provisions targeting Trump’s crypto ventures. Democratic senators are calling for congressional hearings into President Donald Trump’s crypto holdings after new financial disclosures revealed they generated over $1.2 billion in income for him last year. Five Senate Democrats—Elizabeth Warren (D-MA), Richard Blumenthal (D-CT), Gary Peters (D-MI), Dick Durbin (D-IL), and Ron Wyden (D-OR)—said the disclosures raised concerns about potential conflicts of interest, foreign influence, and Trump’s role in shaping crypto policy while profiting off the indu

The post U.S. Representatives Urge Senate To Vote On CLARITY Act In July, Address Ethics Concerns appeared on BitcoinEthereumNews.com. Rep. French Hill wants a deadline.  One year after the House passed the Digital Asset Market CLARITY Act, the Arkansas Republican who chairs the House Financial Services Committee used a Fox Business interview with anchor Maria Bartiromo to press Senate leaders for a floor vote before the August recess. “I’ve encouraged Senate leadership to put it on the floor,” Hill said. “I think if you schedule a floor date here in the month of July, that will cause these final meetings, these final discussions to take place. You’ve got to have a deadline in Congress to get people to move and find consensus.”  Hill thanked Senators Kirsten Gillibrand, Cynthia Lummis, John Boozman and Tim Scott for working toward a deal, and pointed to the 78 Democrats who backed the House measure a year ago. Hill’s central argument is that the CLARITY Act would resolve the ethics con

The post 1 Bullish Sign XRP Price May Break Out This Month appeared on BitcoinEthereumNews.com. XRP price climbed 1.27% to $1.10 as the wider cryptocurrency market recorded renewed gains during active Friday trading. Bitcoin price rose 1.48% to $64,002, while Ethereum advanced 3.03% to $1,790.  The overall crypto market rose by 1.54% to reach 2.19 trillion. The focus now shifts to the CLARITY Act in July. CLARITY Act Moves Closer to Senate Action H.R. 3633 was passed by the House on July 17, 2025 and received 294 votes in support. Another 134 representatives opposed the measure. The bill intends to have a national framework on the trading, supervision, and protection of digital assets. It also divides regulatory duties between the SEC and CFTC. The Senate Banking Committee advanced the proposal on May 14, 2026, through a 15-9 vote. That vote brought the bill further towards Senate action. In the case of XRP, increased regulation might lessen ambiguity regarding the classification of to