Bitcoin Reaches $97,200, Solana Treasury Adds 82K SOL
US Democratic lawmakers have made a multi-pronged attack against President Donald Trump’s cryptocurrency ventures. Two bills and a subcommittee investigation seek to curtail his capacity to earn from his cryptocurrency activities.
The (MEME Act) is looking to stop federal officials, including Trump, from benefiting from memecoins and digital assets. If enacted, the act will bar officials from sponsoring or issuing digital assets while in office.
This political pressure has complicated the regulatory environment. This notwithstanding, Bitcoin’s climb to $97,200 indicates the resilience of the market against such uncertainty.
Unlike the political skirmishes over Trump, New Hampshire has taken forward steps in the crypto arena as the first state in the US to permit the government to make investments in cryptos.
House Bill 302 was signed into law by Governor Kelly Ayotte, which legalizes the possibility of the state treasury investing in cryptocurrencies such as Bitcoin. According to this legislation, investments could be made into assets with market capitalization well above $500 billion, bypassing smaller memecoins and tokens.