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As Donald Trump announced a ceasefire between Iran and Israel, the cryptocurrency market, including Bitcoin (BTC), rebounded on the morning of the 24th. President Trump described on his social media platform 'Truth Social' that "a complete ceasefire between Israel and Iran has been reached". Following Trump's announcement, Bitcoin surged by approximately 4.5%, breaking through $105,000, and numerous altcoins also rose by over 5%.
2. US Senate Begins Discussing Cryptocurrency Market Structural Framework
The Senate, which recently passed the 'GENIUS Bill' for stablecoin regulation, is now moving to discuss establishing an overall cryptocurrency market regulatory framework. Members of the Digital Assets Subcommittee within the US Senate Banking Committee announced they will invite industry professionals, including Coinbase, to engage in substantive discussions aimed at establishing a US cryptocurrency market structural framework on the 24th.
3. US Senators Propose 'Cryptocurrency Investment Ban for Public Officials' Bill
Nine Democratic senators proposed the 'COIN Bill' on the 23rd, which would prohibit US public officials from investing in cryptocurrencies and generating profits. The Democratic senators, including Adam Schiff, stated they proposed the COIN Bill to address ethical and legal issues, referencing Trump's previous income of $57.4 million from a meme coin associated with him.
4. Trump Media Group Maintains "Bitcoin Accumulation Continues" Despite Large Share Buyback
Trump Media and Technology Group (TMTG), owned by President Trump, affirmed on the 23rd that their $2.3 billion Bitcoin accumulation plan remains unchanged, despite a $400 million share buyback.
Reporter Kwon Seung-won ksw@blockstreet.co.kr
