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Senators Seek ‘Light Touch’ for Crypto Market as Democrats Balk

(Bloomberg) -- A key US Senate panel took up the debate over proposed regulation of digital assets, with Republicans calling for a soft approach and Democrats warning about potential loopholes and conflicts of interest.Most Read from BloombergSinger Akon’s Failed Futuristic City in Senegal Ends Up a $1 Billion ResortAre Tourists Ruining Europe? How Locals Are Pushing BackCan Americans Just Stop Building New Highways?Denver City Hall Takes a Page From NASAPhiladelphia Trash Piles Up as Garbage Wo

New House bill could let Tesla and Meta skip SEC rules

Senator Warren warns that the House crypto bill could allow firms like Tesla and Meta to bypass SEC oversight via blockchain.

Markets Rally Ahead Despite Potential Complications

As the tariff deadline comes and goes, a new possible 50% tariff on Brazil emerges.

Bitcoin Price Hits New All-Time High as Coinbase, Strategy Shares Rise

Bitcoin has reversed a short-term trend after dipping below $100,000 last month.

US 'way behind' on crypto regulation: Dragonfly partner

Dragonfly Capital Partners, Haseeb Qureshi joins Bloomberg "The Close" to share his view on the unraveling spaghetti that is the traditional financial system.

Hot tech stock nears all-time high after fresh controversy

Robinhood hit its all-time high of $100.88 on July 2.

Wall Street analyst points one major asset missing from most portfolios

Fundstrat’s Tom Lee compares today’s digital asset landscape to the internet in 1996—arguing most investors are still missing the bigger picture. He says the shift toward blockchain-based finance is just getting started.

Bitcoin soars to all-time peak just shy of $112,000

NEW YORK (Reuters) -Bitcoin climbed to an all-time high near $112,000 late on Wednesday, bolstered by an increased risk appetite and persistent institutional demand as traditional financial market players embraced the world's largest cryptocurrency. Since the beginning of the year, bitcoin has advanced more than 18%. "Bitcoin is the only asset I am aware of where it becomes less risky as it grows in size," wrote Anthony Pompliano, founder and CEO of Professional Capital Management in a letter to investors on Wednesday.

Steve Davis left DOGE in May, but officials say he’s still running the show

Though he officially left the U.S. government in May, Steve Davis -- Elon Musk's low-flying former top lieutenant at the Department of Government Efficiency -- continues wielding influence at DOGE, according to the WSJ. The outlet says Davis regularly gives directions to current DOGE officials and has privately dismissed his departure as "fake news."

SEC's 'crypto mom' says tokenized securities are still securities

NEW YORK (Reuters) -A top U.S. securities regulator known for her supportive stance on the cryptocurrency industry said on Wednesday that new models for trading securities known as "tokenization" must still meet regulations for other securities. Instead of holding the securities directly, investors hold tokens that represent ownership of the securities.