According to @WhiteHouse, U.S. Senator Cynthia Lummis is pushing a significant crypto tax amendment that could boost mainstream adoption by waiving taxes on transactions under $300 and only taxing staking and mining rewards when they are sold, rather than upon acquisition. This legislative effort coincides with market-moving comments from President Donald Trump, who stated on Truth Social that robust economic growth would offset deficits from his proposed budget bill. This projection of loose fiscal policy has strengthened the bull case for inflation hedges, as noted by crypto analyst Will Clemente, who suggested the policy makes assets like Bitcoin (BTC) and gold more attractive than U.S. treasuries. In response, Bitcoin (BTC) traded up to $107,937, with technical analysis indicating a daily trading range between $107,194 and $108,489 and established support at the $107,300 level.

According to @WhiteHouse, Bitcoin (BTC) has risen to approximately $107,937 amid growing attention on U.S. fiscal policy after President Trump stated economic growth would offset deficits from his proposed tax cuts. Crypto analyst Will Clemente noted that this loose fiscal policy weakens the appeal of U.S. Treasuries and strengthens the bull case for inflation hedges like Bitcoin and gold. Concurrently, Senator Cynthia Lummis is pushing an amendment to a major budget bill that would waive taxes on crypto transactions under $300 and, critically for traders, tax staking and mining rewards only upon sale, not at acquisition. This proposed legislation, which also addresses wash sales and crypto lending, aims to reduce the tax burden on small-scale users and rationalize tax treatment for core industry activities, potentially boosting adoption and affecting profitability for miners and stakers.

According to the White House, the United States is advancing towards comprehensive digital asset regulation, a move with significant implications for cryptocurrencies like Ethereum (ETH). U.S. Senator Tim Scott, chairman of the Senate Banking Committee, has set a new deadline of September 30 to finalize a crypto market structure bill, as stated at a press event. This legislative push, building on the House-passed FIT21 Act, aims to clarify the jurisdictional boundaries between the SEC and CFTC, potentially reducing the regulatory uncertainty that has hampered the industry. While the White House is pushing for the House to quickly pass the Senate's GENIUS Act for stablecoins, potential disagreements between the legislative chambers and the need for the Senate Agriculture Committee's input could present hurdles. For traders, this accelerated timeline towards regulatory clarity could signal a more stable and predictable investment environment for digital assets in the near future.

According to @WhiteHouse, former President Trump's social media post suggesting economic growth will offset deficits from a proposed $3.8 trillion tax-and-spending bill has strengthened the bull case for Bitcoin (BTC) and gold. Crypto analyst Will Clemente reacted by stating such loose fiscal policy makes holding long-term U.S. Treasuries less attractive while reinforcing the argument for owning hard assets like Bitcoin as a hedge against inflation and currency debasement. For the week ahead, traders are focused on Federal Reserve Chairman Jerome Powell's testimony and the core PCE inflation data. According to Chris Weston of Pepperstone, dovish signals from Powell could fuel risk-taking and benefit BTC. The market consensus for the core PCE data is a 0.1% month-on-month increase, which could bolster expectations for a Fed rate cut. Based on the source's technical analysis, BTC established support at $107,300 while trading in a range between $107,194 and $108,489.

According to @WhiteHouse, U.S. Senator Tim Scott has set a new deadline of September 30 for completing the crypto market structure bill, a timeline he considers realistic. This development, confirmed at a press event, aims to establish clear rules for the U.S. digital asset markets. President Donald Trump has also voiced strong support for crypto-friendly policies, advocating for the swift passage of the Senate's GENIUS Act for stablecoins and working towards "clear and simple" market frameworks to ensure U.S. dominance in crypto and Bitcoin (BTC), as stated in a recorded message at a Coinbase summit. However, potential delays exist as the House, led by Representative French Hill, has not committed to the Senate's timeline and may seek to reconcile differences between their respective stablecoin bills. Trump also referenced creating a "US Strategic Bitcoin Reserve," though this has not yet been established. This legislative push provides a critical timeline for traders monitoring the path to regulatory clarity in the United States, which could significantly impact market sentiment and institutional adoption.

According to @WhiteHouse, the United States is advancing towards a comprehensive federal regulatory framework for digital assets to provide clarity for investors and innovators. Key legislative efforts include the House-passed FIT21 Act, which aims to classify digital assets and define the roles of the SEC and CFTC, and the CLARITY Act, which establishes a functional framework for digital asset classification and consumer protection. Separately, an amendment from Senator Lummis proposes significant tax changes, including waiving taxes on crypto transactions below $300 and altering the tax treatment of staking and mining rewards to be taxed only upon sale, not acquisition. This change, sought by industry groups, would align tax policy with actual income realization for validators and miners. The amendment also seeks to close the wash-sale loophole used for tax-loss harvesting. Amidst these regulatory developments, Solana (SOL) is trading around $154.84, while Cardano (ADA) is near $0.5726, with both assets showing strength against Bitcoin (BTC) in their respective trading pairs.

According to @WhiteHouse, U.S. Senator Tim Scott has set a new September 30 deadline for completing the crypto market structure legislation, a timeline confirmed by Senator Cynthia Lummis. This development introduces a key date for crypto traders and investors monitoring U.S. regulatory progress. The timeline is later than President Trump's request for faster action but sooner than previous year-end estimates. Meanwhile, significant hurdles remain, particularly with the stablecoin bill. House Financial Services Committee Chairman French Hill has indicated that differences between the Senate's GENIUS Act and the House's STABLE Act need to be resolved, suggesting a longer negotiation process that could delay the establishment of clear rules for stablecoin issuers. The White House is pushing for the House to pass the Senate's version without changes, creating tension between the chambers and adding to the regulatory uncertainty impacting the cryptocurrency market.

According to @WhiteHouse, U.S. Senator Tim Scott announced that legislation for the U.S. crypto markets will be completed by September 30, a new deadline that is later than President Trump's request but earlier than other lawmaker predictions. The source indicates President Trump is pushing the House to quickly pass the Senate-approved stablecoin bill, the GENIUS Act, without amendments. However, Representative French Hill noted that 'subtle' and 'material' differences exist between the House and Senate versions, suggesting negotiations are needed on issues like extraterritorial enforcement and the roles of state versus federal regulators. This legislative uncertainty and conflicting timelines between the Senate and House could create market volatility, particularly for stablecoins, as traders await a clear regulatory framework.

According to @WhiteHouse, U.S. Senator Tim Scott has set a new September 30 deadline for completing the crypto market structure legislation, a timeline he communicated to a White House crypto adviser. This development signals a push for regulatory clarity, with the White House also favoring the House's immediate approval of the Senate-passed GENIUS Act for stablecoins. These moves for a comprehensive regulatory framework are significant for traders, as they could reduce uncertainty in the U.S. market. Separately, Senator Cynthia Lummis is pushing for a significant crypto tax amendment in a major budget bill. The proposal aims to waive taxes on crypto transactions under $300 and, crucially, change the tax treatment for staking and mining rewards. Under the amendment, these rewards would be taxed only upon their sale, not at the time of acquisition, which could substantially lower the tax burden for participants in networks like Ethereum (ETH). The measure also seeks to address the wash-trading loophole, potentially bringing more standardized and favorable tax rules that could encourage wider crypto adoption and investment.

According to the White House, the United States is advancing a comprehensive digital asset regulatory framework designed to foster innovation and solidify the U.S. dollar's global leadership. Key bipartisan legislation, including the FIT21, STABLE, and CLARITY Acts, has progressed through Congress to establish clear rules for digital assets, clarifying the jurisdictions of the SEC and CFTC. A crucial upcoming step is the Senate's final vote on the GENIUS Act, which focuses on stablecoins. The administration views the over $190 billion in dollar-backed stablecoins not as speculative assets, but as 'digital dollars' that extend America's financial influence. For traders and investors, the passage of these laws would significantly reduce regulatory uncertainty, provide clear guidelines on reserves and consumer protections, and potentially unlock a new wave of institutional capital into the US crypto market by creating a stable and predictable environment.

According to @WhiteHouse, the United States is making significant bipartisan progress toward establishing a comprehensive regulatory framework for digital assets, which could provide much-needed clarity for traders and investors. The passage of the Financial Innovation and Technology for the 21st Century (FIT21) Act in the House, with support from 71 Democrats, aims to clarify the jurisdictional boundaries between the SEC and CFTC, ending a period of regulation-by-enforcement that has pushed innovation offshore. Further legislative efforts include the CLARITY Act, STABLE Act, and GENIUS Act, which collectively seek to establish rules for stablecoins, define digital assets as securities or commodities, and enhance consumer protection. This push for regulatory clarity is seen as critical for the U.S. to maintain leadership in blockchain technology. From a trading perspective, this legislative momentum could serve as a long-term bullish catalyst. Currently, the market shows mixed signals, with Solana (SOL) up 3.33% to $156.56, while Bitcoin (BTC) remains relatively stable at $107,479.50, showing a minor 24-hour decrease of 0.049%.

According to @WhiteHouse, a recent social media post by President Donald Trump suggesting massive economic growth will offset a proposed $3.8 trillion tax-and-spending package has bolstered the investment case for Bitcoin (BTC) and gold. The source details Trump's message that growth will "make it all up, times 10," a statement that crypto analyst Will Clemente noted weakens the appeal of long-term U.S. Treasuries due to potential inflation and currency debasement. This view positions hard assets like Bitcoin and gold as crucial hedges against fiscal risk and a ballooning national debt. In the markets, Bitcoin (BTC) has shown volatility, trading in a 24-hour range between $106,766.08 and $108,746.16. Technical analysis cited in the source identified key support around $107,300. The broader market context is also shaped by the rapid growth of stablecoins, which are now seen as a way to create a 'streaming economy' that could unlock trillions in working capital and fundamentally reshape financial processes, further integrating digital assets into the global economy.

According to the White House, the U.S. crypto landscape is facing two pivotal developments with significant trading implications. Firstly, the Supreme Court has declined to review a case challenging the Internal Revenue Service's (IRS) authority to access user data from exchanges like Coinbase, effectively upholding the agency's power to use a "John Doe summons" for tax enforcement purposes. This decision reinforces the third-party doctrine, meaning traders' data shared with platforms has limited privacy protection, potentially leading to increased tax scrutiny. Secondly, and in contrast, Congress is making significant bipartisan progress on a comprehensive regulatory framework. The White House highlighted the advancement of the FIT21, STABLE, and CLARITY Acts, which aim to establish clear jurisdictional lines between the SEC and CFTC, regulate stablecoins, and create a functional framework for digital assets. This legislative momentum is viewed as a critical step toward reducing regulatory uncertainty, which could foster innovation and attract institutional investment into the U.S. crypto market.

According to @WhiteHouse, U.S. Senator Tim Scott has set a new deadline of September 30 for completing the crypto market structure legislation, providing a clearer timeline for traders seeking regulatory clarity. The source indicates this push for regulation comes as the Senate-passed stablecoin bill, the GENIUS Act, awaits action in the House of Representatives. This legislative momentum could significantly impact the stablecoin sector and the broader digital asset market. Simultaneously, reports cited in the text reveal that a company affiliated with President Donald Trump and his family recently sold a 20% stake in the parent company of World Liberty Financial, which has its own stablecoin. This development adds a layer of political complexity to the regulatory discussions. Amid these developments, market data shows positive momentum for major altcoins, with Ethereum (ETH) up over 3.1% and Solana (SOL) rising more than 3.7% in the last 24 hours.

According to @WhiteHouse, the United States is making significant strides toward establishing a comprehensive regulatory framework for digital assets through key bipartisan legislation like the GENIUS, CLARITY, and STABLE Acts. The source states that these bills aim to provide critical clarity, particularly for stablecoins, by mandating high-quality liquid reserves and regular audits for issuers, which could enhance the stability of the over $190 billion dollar-backed stablecoin market. For traders and investors, this legislative push is designed to end the 'regulation by enforcement' approach by clearly defining the jurisdictional boundaries between the SEC and CFTC. This move is expected to reduce legal uncertainty, encourage crypto innovation within the US, and ultimately reinforce the U.S. dollar's dominance in the evolving global financial landscape.

According to @WhiteHouse, the United States is on the verge of a major legislative breakthrough for digital assets with the GENIUS Act for stablecoins passing the Senate and heading to the House. This act is designed to provide clear regulatory guardrails for the over $190 billion dollar-backed stablecoin market, requiring 1:1 reserves and regular audits, which could significantly legitimize the sector for traders and institutions. The source also highlights the importance of the BITCOIN Act, which aims to clarify Bitcoin's (BTC) legal status and address critical tax issues to promote its use. For traders, this push for comprehensive regulation, including distinguishing between securities and commodities, is a critical long-term catalyst that could reduce market uncertainty and bolster US competitiveness against other regions like the EU and Singapore. While Bitcoin (BTC) currently trades around $106,958 with a minor daily dip, these fundamental regulatory developments are key to unlocking future institutional adoption and market stability.

According to @WhiteHouse, President Trump's recent social media post suggesting massive economic growth will offset deficits from a proposed $3.8 trillion tax-cut package is strengthening the investment case for Bitcoin (BTC) and gold as inflation hedges. The source material highlights crypto analyst Will Clemente's view that such loose fiscal policy, which could add trillions to the national debt, makes holding long-term U.S. Treasuries less attractive while bolstering demand for hard assets like BTC. In the trading session referenced, Bitcoin fluctuated between $107,194 and $108,489. Concurrently, the U.S. Senate passed a stablecoin regulation bill, providing potential regulatory clarity for the sector. This development occurred as disclosures indicated that an entity affiliated with Donald J. Trump and his family reduced its stake in a crypto firm that operates a stablecoin, highlighting the complex relationship between the administration and the digital asset industry.

According to the White House, President Trump has urged the House of Representatives to pass the Senate's stablecoin bill, the GENIUS Act, 'lightning fast' and without any changes. However, key lawmaker Representative French Hill has indicated that further talks are necessary, citing 'subtle' and 'material' differences between the Senate's bill and the House's version that need to be resolved. These differences reportedly cover extraterritoriality, the roles of state and federal regulators, and the separation of banking and commerce. Meanwhile, Senator Tim Scott has set a new, later deadline of September 30 for finalizing the broader crypto market structure legislation, a timeline Senator Cynthia Lummis has agreed to. This ongoing legislative push for regulatory clarity in the U.S. is a critical development for the crypto market, potentially impacting stablecoin issuers and the operational framework for assets like Ethereum (ETH), which was trading around $2,499.74 against USDT with a 2.9% increase in the last 24 hours according to the provided data.

According to the source, Donald Trump stated his administration plans to establish 'clear and simple' market frameworks to ensure American dominance in the crypto and Bitcoin (BTC) space. Speaking at a Coinbase summit, he also referenced support for the GENIUS Act, which focuses on dollar-backed stablecoins. In related corporate news, Trump Media and Technology Group (DJT) has announced a $400 million share buyback program. The company's CEO, Devin Nunes, confirmed that this buyback is funded separately and will not alter its established Bitcoin treasury strategy. Following the announcement, DJT shares reportedly climbed over 3.8% in early trading.

According to the source, U.S. President Donald Trump has committed to developing a 'clear and simple' regulatory framework for the cryptocurrency market. Speaking at a Coinbase summit, he voiced support for dollar-backed stablecoins and mentioned the GENIUS Act, a piece of legislation aimed at their creation, according to the source. Trump also claimed to have established a 'US Strategic Bitcoin Reserve,' although the source notes this has not yet been created. From a trading perspective, these political developments coincide with a report that an entity linked to Trump and his family, DT Marks DEFI LLC, has reduced its stake in the parent company of World Liberty Financial, a crypto firm with its own stablecoin, from 60% to around 40%. The source indicates this divestment occurred as a major stablecoin regulation bill advanced in the Senate, introducing a complex political variable for traders to monitor, especially concerning the future regulatory landscape for stablecoins and potential market volatility tied to perceived conflicts of interest.