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Beyond Party Lines: Securing America’s Crypto Innovation Edge

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The United States is undisputedly the leader of global innovation. From technology, to agriculture, to finance, we stand alone.

We have retained this position not because we force innovators to adopt our values, but because we allow entrepreneurs, who hold these values, to build in the United States free from government interference and excessive regulations. These aren’t Republican or Democrat ideals – they’re American ones.

Nowhere is this more apparent than in cryptocurrency. Cryptocurrency empowers individuals to take ownership of their financial futures. It enables economic freedom, ensuring that all Americans – regardless of their background – have access to the tools they need to be successful. Crypto has the potential to shift the power from the centralized institutions that control much of our financial system back into the hands of the American people.

The power this technology represents is bigger than any one party. With that in mind, we have announced the creation of the Congressional Crypto Caucus, a nonpartisan group of members of Congress united by the promise this technology holds who aim to work as a voting bloc in Congress.

As we have done together for years, the Crypto Caucus will bring together members from across the country and across the political spectrum who are unified and committed to our mission. Together, we’ll focus on ushering key policy proposals through Congress and building coalitions within the crypto community.

The Crypto Caucus’s mission goes beyond a platform to discuss policy. We are committed to delivering tangible results for the American people. When important votes or issues arise, our caucus will be prepared to act.

As the chairmen of the caucus, we’ll work with our members to advance a principled policy agenda grounded in an understanding of the unique decentralized nature of digital asset technology. We are committed to fostering an economic environment where open, permissionless, and private innovation can thrive, and where attempts for centralized control are quashed. Our caucus will promote policies that allow every American the chance to participate in the digital economy.

As more and more Americans access the digital economy, we will work to support policy initiatives that strike a balance between consumer protection and innovation. Our focus will be to advocate for transparent, commonsense regulations that safeguard consumers, enhance financial literacy, and expand access to these cutting-edge financial tools. By achieving this balance, our caucus will help enable millions of Americans to access these financial tools safely, while promoting policies that support innovation in the United States.

For far too long, innovators have struggled to navigate the regulatory minefield in the United States. As we begin our work with this new caucus, we aim to champion a balanced framework that provides legal clarity while fostering an environment where American ingenuity can flourish. We do not call for deregulation, but for smart regulation – rules that protect consumers without pushing the entrepreneurs they rely on overseas.

As countries around the world adopt policies that embrace the promise of crypto technology, the United States cannot risk falling behind. We seek to work with the whole-of-government approach to digital asset policymaking to unlock the future of open, permissionless, and private innovation in the United States. Our caucus strives to support policies that guarantee the United States remains the best place in the world to build, invest, and innovate in the digital asset space.

This is an important moment for the United States. This revolutionary technology represents a fundamental shift in how we think about finance. As leaders of the Congressional Crypto Caucus, we invite our colleagues to join us in seizing this opportunity. Together, as a nonpartisan coalition, we will ensure the United States doesn’t just participate in the future of finance but defines it.

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Bitcoin Pushes Toward $107K Even as Trump Sends National Guard to Los Angeles

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Bitcoin (BTC) BTC maintained a steady climb Saturday as U.S. domestic tensions intensified.

Markets remained focused on crypto resilience despite unsettling headlines, including an immigration-related standoff in Los Angeles.

According to a report by CNBC, over 100 arrests have been reported as clashes continued between protesters and federal agents, prompting President Trump to authorize the deployment of 2,000 National Guard troops. By Sunday morning, elements of the 79th Infantry Brigade had arrived on-site, according to Northern Command.

Further escalation came with Defense Secretary Pete Hegseth warning that U.S. Marines at Camp Pendleton could also be mobilized if violence persists. Still, Bitcoin’s stability at $106,332 suggests crypto investors remain unfazed, treating the unrest as a regional event rather than a market-moving crisis.

Bitcoin traded within a narrow $1,057 range, from $105,043 to $106,101, and is currently hovering at $106,332. The price action showed a strong rebound after briefly dipping below $105,100, as buying interest re-emerged around the $105,400 support level, according to CoinDesk Research’s technical analysis model.

An early breakout attempt above $106,100 ran into selling pressure, creating a high-volume resistance zone. That move was short-lived as profit-taking set in, though the coin held onto its gains. The consolidation structure remains bullish, with the pattern of higher lows hinting at a potential push toward $107,000 if resistance breaks cleanly.

Despite broader macro headwinds, BTC continues to attract buyers during dips, underscoring its role as a perceived hedge amid rising uncertainty.

Technical Analysis Highlights

  • BTC traded within a $1,288 range (1.22%) between a low of $105,043.65 and a 24-hour high of $106,332.
  • Resistance around $105,900–$106,100 was broken as price surged beyond this zone with strong volume during the early afternoon.
  • Support at $105,400 held firm through several retests, reinforcing bullish sentiment.
  • A breakout to $106,332 occurred around 13:48, followed by minor profit-taking and stabilization above $106,000.
  • The hourly chart shows an ascending trend with consistent higher lows, invalidating the earlier «pump and dump» interpretation.
  • With momentum intact, BTC may test the $107,000 resistance level if current support near $105,800 holds.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

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Bitcoin Holds Above $105K Despite Donald Trump’s Threats Against Elon Musk

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Bitcoin BTC held firm above $105,000 on Saturday despite an unusually combative and personal escalation in the Trump-Musk feud that could rattle traditional markets next week.

On Saturday, in a phone interview with NBC News, President Trump warned that there would be “serious consequences” if Elon Musk financially backed Democratic candidates running against Republicans who support the GOP’s budget bill. “If he does, he’ll have to pay the consequences for that,” Trump said, adding later, “He’ll have to pay very serious consequences if he does that.”

Trump, who has often boasted of past support from Musk, firmly dismissed the idea of mending ties. “No,” he said when asked whether he wished to repair the relationship. “I would assume so, yeah,” he added when asked if the rift was permanent.

Despite the intensifying feud between two of the most influential figures in U.S. politics and technology, Bitcoin remained unfazed. The cryptocurrency held onto earlier gains and continues to trade near weekly highs. The market’s composure suggests that traders may increasingly view BTC as a hedge against institutional dysfunction, or at least as an asset insulated from the partisan fallout that tends to impact equities more directly.

Technical Analysis Highlights

  • BTC traded in a 24-hour range of $1,162 (1.13%), from a low of $104,624 to a high of $105,786, according to CoinDesk Research’s technical analysis model.
  • Strong support formed at $104,800, where above-average volume confirmed buyer interest.
  • Resistance at $105,200 was broken and has since flipped into a short-term support zone.
  • Volume peaked at 378 BTC during key breakout moments, especially around 13:43–13:46 and 13:53.
  • A short consolidation occurred between $104,300–$104,600 before the final surge to near highs.
  • An ascending price channel remains intact, showing bullish structure despite intermittent pullbacks.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

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Ether Holds Steady Above $2,500 as ETF Demand Signals Institutional Confidence

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Ether ETH has rebounded firmly from key support near $2,460, recovering losses and stabilizing above the $2,500 threshold amid broader market volatility.

The rally follows a higher low formation backed by above-average volume, signaling growing market confidence.

Institutional participation appears to be reinforcing the trend, with BlackRock’s ETHA ETF reporting $492 million in net inflows last week.

Total holdings now exceed $4.84 billion, reinforcing long-term bullish sentiment even as price action remains sensitive to geopolitical developments.

Traders are watching to see if ETH can challenge resistance in the $2,520–$2,530 range.

Technical Analysis Highlights

  • ETH traded within a $72 range over 24 hours, from a low of $2,460.35 to a high of $2,532.41.
  • A key support zone formed at $2,460–$2,470, where ETH bounced on strong volume during midnight hours.
  • Final hour surge reached $2,515.11, backed by 5,919 ETH in volume.
  • Higher low structure established with interim support at $2,485 and resistance at $2,503.
  • Final retracement held support at $2,507, with price consolidating around $2,510 into the close.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

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