Recently, Bitcoin (BTC) reached a new high when its value surged above $ 120,000 per coin last week. Today, the value remains at around $ 119,000, with predictions that it will continue to rise in the coming weeks.
A set of three cryptocurrency-related bills, anticipated to pass the House this week, faced an unexpected setback on Tuesday when a coalition of Republicans joined Democrats in opposing a procedural vote. This prevented the legislation from advancing to debate and a formal vote.
The impasse effectively stalled the House’s anticipated “crypto week”. It marked a temporary setback for former President Donald Trump, who had publicly championed the bills as part of his broader initiative to establish the United States as the “crypto capital of the world.”
In response to the delay, Trump met with Republican lawmakers during a late-night session at the White House and indicated the bills were back on track. He later posted on social media expressing confidence that votes could take place as early as Wednesday.
Stablecoins Get Support From the US Government
The Senate recently passed landmark legislation aimed at regulating stablecoins, marking a significant step toward establishing broader consumer protections and lending legitimacy to the digital asset sector. The bill, which passed with bipartisan support in a 68–30 vote, now heads to the House, where additional revisions may be considered.
This swift legislative action follows a 2024 campaign season in which the cryptocurrency industry emerged as one of the leading contributors to national politics, highlighting its growing influence within Washington and across the financial landscape.
Is Bitcoin A Good Choice For Prepaid Gambling?
Yes, Bitcoin gambling deposits offer several advantages, including faster processing speeds, higher rewards, enhanced privacy, and global accessibility. Deposits made with BTC are often converted to their USD value at the time of the deposit.
Players who deposit with BTC can also withdraw their winnings with Bitcoin. However, the USD amount is converted to Bitcoin, so you could lose some value if the price of BTC goes up while the funds are in your account.
For players unwilling to gamble with Bitcoin, prepaid gambling sites also accept popular altcoins, including Litecoin, Dogecoin, Ethereum, and many others, depending on the site.