Trump Media and Technology Group, the parent company of Truth Social, revealed it has amassed roughly $2 billion worth of Bitcoin (BTC) and related digital assets, expanding on an investment strategy disclosed earlier this year.

The company’s July 21 filing comes days after the U.S. House of Representatives advanced a trio of crypto bills, including a stablecoin framework signed into law by President Donald Trump.

The media firm said it began acquiring Bitcoin using proceeds from $2.5 billion in recent fundraising, including $1.5 billion in equity sales and $1 billion in bond offerings.

The disclosure signals a more assertive approach by Trump-aligned businesses in capitalizing on favorable crypto policy momentum. The firm stated that it may continue purchasing Bitcoin and similar assets depending on broader market conditions.

The announcement followed what Republicans dubbed “crypto week” in Congress. While the new law establishes rules for U.S. dollar-pegged digital tokens, additional proposals covering crypto trading infrastructure and central bank-issued digital currencies await Senate review.

Bitcoin briefly traded above $123,000 earlier in the week before retreating to about $116,600 as of press time. The token’s recent rally has been accompanied by increased activity in digital assets tied to Trump’s personal brand.

World Liberty Financial, a stablecoin platform with connections to the Trump family, saw its governance token WLFI more than double in value over the past week following a vote enabling secondary market trading.

Trump issued the landmark executive order to establish a Strategic Bitcoin Reserve, a federal stockpile of digital assets, in March.

While early analysis suggested the reserve might consist of crypto seized by law enforcement, recent statements from senior officials have hinted at broader approaches, including monetizing dormant government-held assets.

With legislative backing and market signals aligning, the media firm’s Bitcoin bet reflects a broader push from Trump-linked entities to position themselves at the forefront of the digital asset economy.

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When Congress established the Securities and Exchange Commission in 1934, it was responding to myriad failures of an antiquated financial system. The regulatory architecture that emerged provided the foundation for nearly a century of American financial dominance. Today, Congress faces a comparable moment: the opportunity to modernize America’s financial infrastructure for the digital age.

Two pieces of legislation now before lawmakers, the GENIUS Act on stablecoins and comprehensive market structure reform, represent more than incremental policy adjustments. Together, they constitute America’s response to a fundamental shift in how money moves around the world.

The stakes are considerable. The $240 billion stablecoin market, projected to reach $3.7 trillion by 2030, has emerged as critical financial infrastructure largely outside formal regulatory frameworks. Nearly all major stablecoins peg voluntarily to the dollar, creating a curious phenomenon: private companies building elaborate technology to make American currency work better globally than existing payment systems.

This development comes as America’s monetary hegemony faces its most serious challenge in generations. China’s digital yuan initiatives, BRICS alternative payment systems, and growing reluctance among trading partners to transact in dollars signal a coordinated effort to circumvent American financial influence.

Stablecoins offer America’s most effective response. They expand dollar accessibility globally while preserving the transparency and rule-of-law advantages that make the American financial system attractive. The GENIUS Act would formalize this system, establishing reserve requirements, audit standards and consumer protections that make dollar-backed digital assets both safer and more attractive than alternatives.

Yet currency infrastructure alone cannot suffice. The current approach of applying 20th-century regulations to 21st-century technology has produced predictable results: innovation migrating to jurisdictions with clearer and more welcoming rules.

The November federal court ruling that vacated the SEC’s expanded dealer definition illustrates the problem. Regulators had stretched statutory language so far beyond original intent that judicial intervention became inevitable.

Digital asset platforms integrate functions that traditional finance deliberately separates, creating new efficiencies alongside new risks. Forcing these platforms into regulatory categories designed for different business models produces neither clarity nor protection. Comprehensive market structure legislation would establish bespoke registration frameworks that actually correspond to how these businesses operate, something the crypto ecosystem has been advocating for years.

The integration imperative here is crucial. U.S. financial supremacy in the 20th century derived not from any single innovation but from systematic coordination across monetary policy, market regulation and institutional oversight. Today’s challenge demands similar coherence. Digital dollar infrastructure without a proper market structure leaves innovation vulnerable to regulatory uncertainty. Market structure reform without stablecoin clarity limits the global reach of American monetary policy.

International competition intensifies this urgency. The European Union’s Markets in Crypto-Assets (MiCA) regulation, the U.K.’s stablecoin framework, and similar initiatives across Asia represent direct challenges to American leadership in financial technology. These frameworks may not be superior to what America could construct, but they exist, which is often a decisive advantage in attracting global investment and innovation.

Indeed, there is another step that American elected officials can take to ensure that the promise of crypto isn’t undermined: pass Rep. Tom Emmer’s legislation prohibiting the development in the United States of a central bank digital currency (CBDC). While several other countries have discussed such a rollout, American lawmakers should embrace our domestic privacy ideals and broad anti-surveillance sentiment by supporting this important legislation.

The Senate’s 68-30 passage of the GENIUS Act suggests growing political recognition of crypto’s policy potency and the realities of international competition. Even skeptical Democrats acknowledge the state-of-play, with Senator Mark Warner (D.-VA) recently observing, that if American lawmakers fail to shape cryptocurrency regulation, “others will—and not in ways that serve our interests or democratic values.”

President Trump’s commitment to sign legislation before the August recess creates both opportunity and deadline. The political foundation appears solid: bipartisan support, industry consensus on key principles, and competitive pressure that occasionally motivates effective governance.

Yet significant obstacles remain. Congressional capacity for technical legislation is limited in a heated partisan political climate, and the temptation to pursue symbolic rather than systematic reform runs strong. The complexity of integrating stablecoin regulation with broader market structure reform demands precisely the kind of patient, coordinated policymaking that American politics sometimes struggles to produce.

The choice facing Congress is ultimately straightforward: lead the development of global digital finance infrastructure or cede that role to competitors. For the first time in years, the economic logic, political momentum, and strategic necessity align. Whether American lawmakers can capitalize on this convergence will determine not merely the fate of cryptocurrency regulation, but America’s role in the next generation of global finance.

The 1930s regulatory framework served America well for nearly a century. Its digital successor, if properly constructed, could serve even longer.

The event, celebrating its 10th anniversary this year, runs from July 9 – 11 at the Messe Berlin conference center and brings together developers, tech leaders, and decision-makers for three days of talks, networking, and idea exchange.

The speaker lineup includes some of the most influential people in the tech industry. Among them are Thomas Dohmke, CEO of GitHub; Prashanth Chandrasekar, CEO of Stack Overflow; and Katrin Lehmann, CIO of Mercedes-Benz.

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Sessions throughout the conference address various topics shaping the future of technology, with a particularly strong emphasis on artificial intelligence (AI).

Over the past few years, AI has transformed how people build, use, and think about technology. It is pushing industries to adapt and creating entirely new ways of solving problems; but at the same time, it is raising important questions about its role in the years ahead.

The conference program explores AI from multiple angles, including its ethical implications, the rise of autonomous AI agents, and generative AI.

A common theme running through the discussions is the sense that the potential of AI in development, including blockchain development, seems limitless. Speakers are pointing to ways AI can improve efficiency, unlock creativity, and help tackle increasingly complex technical problems.

In his opening keynote, GitHub’s Dohmke summarized this perspective by saying he sees AI as a way to put software development “on autopilot.” In other words, he believes in a future where developers can focus more on solving high-level problems while AI handles much of the repetitive work.

The idea that AI can uncover possibilities beyond what was thought possible goes far beyond software. Researchers even used it to piece together a 2,700-year-old Babylonian hymn from scattered cuneiform fragments. What does the hymn say? Read the full story.

New York Attorney General Letitia James sounded the alarm on the U.S. Senate’s stablecoin bill, warning Congress on Monday that the Guiding and Establishing National Innovation for U.S. Stablecoins of 2025 (GENIUS) Act — at least as it currently stands — “do[es] not contain the necessary guardrails to protect the American public.”

In an eight-page letter sent Monday, James urged Congress to slow down its efforts to pass stablecoin legislation and “take the time necessary to draft legislation that will enhance innovation while protecting our banking system that is the envy of the world.”

This is not James’ first letter to Congress warning of the dangers of what she has called “the unchecked proliferation of digital assets.” In an April letter to four members of Congress, James asked that any digital asset legislation included several “common sense principles” including onshoring stablecoins and disallowing cryptocurrencies in retirement accounts. In June, James submitted a statement to the House Financial Services Committee about the House’s crypto market structure bill, the Digital Asset Market Clarity Act (CLARITY), which she claimed “does not do enough to protect America’s interests, investors, and national security.”

In her most recent letter, James laid out a proposed overhaul of the bill, beginning with regulating stablecoin issuers as banks and “eliminating non-bank issuers” from the bill. She added that stablecoin issuers should be required to be domiciled in the U.S., calling out the GENIUS Act for “leav[ing] room for foreign issuers of U.S. dollar denominated and backed stablecoins to operate, essentially creating the ‘Tether loophole.’”

“The U.S. must maintain control over dollar-pegged stablecoin issuers — especially as stablecoin issuance grows and their ownership of U.S. Treasuries becomes systemically important to the U.S. Treasury markets,” James wrote. “Congress should not risk American markets being held hostage by foreign-domiciled stablecoin issuers.”

James also suggested that stablecoin issuers be required to identify holders via “digital identity credentials.”

“Without digital identity, the ability of law enforcement to stop parties from engaging in sanctions evasion, terrorist and illicit financing, money laundering, and violations of the Foreign Corrupt Practices Act, the Lobbying Disclosure Act and other federal and state anti-fraud statutes will be hobbled,” James wrote.

The Senate passed the GENIUS Act earlier this month. The House of Representatives has its own stablecoin bill, the STABLE Act, sitting before it, though it could also choose to take up the Senate version as-is. Rep. French Hill, the House Financial Services Committee chair, has said on multiple occasions that the House and Senate version have important differences that need to be ironed out, and it’s unclear just what the House will do as of press time.

Crypto regulations must be enacted through an act of Congress to become permanent and meaningful pieces of legislation, according to former Congressman Wiley Nickel.

In an exclusive video interview with Cointelegraph’s Turner Wright, Nickel urged bipartisan collaboration to push through comprehensive crypto regulations. The former Congressman added:

“I think it’s really important for anybody who cares about this issue to step back and realize that if you want lasting change in Washington, you must move legislation through Congress. Otherwise, if you’re talking about executive orders, it will just go back and forth.”

“You don’t want to have the mess that we saw just months ago with Gary Gensler’s SEC — you need to get legislation through Congress,” Nickel reiterated.

President Trump’s Jan. 23 executive order establishing the Working Group on Digital Assets, which also prohibited the development of a central bank digital currency (CBDC), and the order establishing a Bitcoin strategic reserve alongside a separate crypto stockpile, were both examples of executive actions that can be reversed at a later date.

Related: Congress on track for stablecoin, market structure bills by August: Blockchain Association

Both chambers of Congress rush to push through meaningful legislation

Rep. Tom Emmer, the majority whip of the United States House of Representatives, reintroduced legislation banning a CBDC in the US on March 6.

Wyoming Senator Cynthia Lummis also reintroduced the Bitcoin Act in March, which builds upon an earlier bill of the same title but allows the US to purchase more than 1 million Bitcoin (BTC).

Rep. Byron Donalds recently announced that he would draft legislation to codify the Bitcoin strategic reserve into law — shielding President Trump’s original executive order from being overturned by a future administration.

On March 12, the House of Representatives repealed the IRS broker rule requiring decentralized finance platforms to report information to the Internal Revenue Service in a 292-131 vote.

Speaking at this year’s Blockworks Digital Asset Summit, Democrat Rep. Ro Khanna said that Congress should be able to pass comprehensive crypto regulation in 2025, including a stablecoin bill and a market structure bill.

Magazine: SEC’s U-turn on crypto leaves key questions unanswered

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In the first major speech to Congress of his second term, President Donald Trump made clear that he intends to barrel ahead with the MAGA agenda.