It won Crypto Week on Tuesday, and it suddenly stopped digital asset bills invoices on a procedural vote as U.S. House members opposed the way they developed under Senate control.

The non-flammability in the procedural vote quickly denounced the crypto market as the House moved towards passing industry top priorities for uncertainty about this week’s good news. The legislation still has strong bipartisan support, with more votes scheduled for late Tuesday afternoon, suggesting that the procedural accident could be overcome. More than dozens of Republicans joined the Democrats and voted against the motion.

The two, who are well-versed in the issue, told Coindesk that they are aiming for an ET at 5pm. This means that this confusion can be resolved on Wednesday and Thursday without delaying more important votes than are currently expected.

US President Donald Trump urged Republicans to vote in favor of the rules early Tuesday in the post on True Society.

Bitcoin (BTC) and Ether (ETH) were each kneeling around 0.5% in the news, but both have recovered most of these declines. High-flying Stablecoin Issuer Circle (CRCL) moved to session decline by 5.3% that day. Since the IPO last month, stock has remained about six times higher.

Procedural disruptions can become the norm for legislative processes. As the genius act headed for passage in the Senate, Democrats denounced the break, opposed certain provisions and forced more debate. It is unclear whether similar delays could be forced by unfortunate Republicans in this week’s bill.

Dunamu, the parent company of South Korea’s largest crypto exchange UPbit, reported a significant increase in earnings for 2024, defying ongoing regulatory challenges.

Chosun Bix, citing the firm’s annual business filing, reported that Dunamu’s operating profit surged 85.1% to 1.19 trillion won (approximately $682 million) in 2024.

According to the report, the firm’s revenue climbed 70.5% year-over-year to 1.73 trillion won ($1.1 billion), while net profit rose 22.2%, hitting 983.8 billion won ($670 million) from 805 billion won in 2023.

The report attributed this strong performance to heightened trading activity fueled by Bitcoin halving. Last April, BTC had its fourth halving event, which slashed block rewards from 6.25 BTC to 3.125 BTC.

Beyond that, the firm noted that positive investor sentiment grew following the US election of Donald Trump, who is widely seen as favorable to crypto markets.

Since his inauguration, the Trump administration has implemented a series of pro-crypto moves that have positively improved the trajectory of the emerging industry and attracted significant institutional investors.

At the same time, Dunamu pointed out that the expectations of lower interest rates from the Federal Reserve helped improve global liquidity, further boosting digital asset activity.

Regulatory issues

Despite the positive financial results, Dunamu remains entangled in regulatory scrutiny.

South Korean regulators accused Upbit of failing to conduct sufficient due diligence on many of its users. In response, the Financial Intelligence Unit (FIU) barred the exchange from accepting new customers or allowing them to transfer virtual assets starting March 7.

However, Dunamu contested the FIU’s decision, arguing that it had already taken necessary compliance measures.

The firm maintained that the sanctions were disproportionate and imposed without understanding the context. According to Dunamu, the penalty could cause lasting harm to its operations.

According to a report from local outlet Newsis, a South Korean court temporarily lifted the ban on March 27.

The ruling allows Dunamu to challenge the regulatory suspension in court and pauses the ban’s enforcement until a final verdict is reached.

Even then, the suspension would not take effect for 30 days after the ruling—offering the company critical time to continue operating uninterrupted.

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