Bitcoin Bitcoin -1.5% and other major cryptocurrencies including ethereum and XRP XRP 0.0% have rocketed higher since crashing to their 2022 lows (as president Joe Biden and former president Donald Trump are warned “there’s only one way to save the U.S. dollar”).
The bitcoin price has climbed back to its previous all-time high of around $70,000 per bitcoin—and could be poised to go “parabolic” after traders spotted a surprise price pattern—while ethereum, XRP and other cryptocurrencies are braced for a Wall Street earthquake of their own.
Now, as Trump and Biden hurtle toward a bitcoin showdown, a potentially game-changing bill with a surprise crypto provision has been passed by a Senate committee, which could be the most important U.S. crypto policy ever if it becomes law.
Bitcoin and crypto have become a major political issue ahead of the showdown this year in USA.
The U.S. Senate select committee on intelligence’s funding package was recently waved through with an almost unnoticed crypto provision that would force crypto companies to collect more information about users or face being caught up in sanctions designed to prevent terrorism financing.
