The cryptocurrency industry spent millions of dollars in recent elections, influencing crypto legislation and political power in upcoming 2026 elections.

The Senate voted 66-32 Monday evening to advance first-of-its-kind legislation to regulate “stablecoins,” a kind of cryptocurrency. Democrats had initially voted to block the bill earlier this month amid concerns over President Donald Trump’s cryptocurrency deals.

The US Senate just advanced the GENIUS Act while lawmakers reintroduce a key blockchain bill. On Byte-Sized Insight, Rashan Colbert of the Crypto Council for Innovation explains how these moves could reshape stablecoin regulation and crypto clarity in the US.

As people began arriving for the event, the price of $TRUMP dropped suddenly by about 6%, indicating a significant sales volume, before stabilizing.

It seems like a triumph for a cryptocurrency industry that’s sought mainstream acceptance: Top investors in one of President Donald Trump’s crypto projects invited to dine with him at his luxury golf

The U.S. Senate is moving ahead with regulating the new stablecoin industry with the progress of the GENIUS Act.

The largest buyers of $TRUMP will be rewarded with a private dinner with President Trump at his golf course in Virginia.

According to SB 21, the state can only use money from the reserve to buy cryptocurrency with an average market capitalization of at least $500 billion over the past 24 months. This means Texas would only be allowed to invest in large, established cryptocurrencies like Bitcoin and possibly Ethereum, depending on market conditions.