Categories: The Verge

The crypto industry got what it paid for

The crypto industry is beginning to see a return on one of its most prescient investments: Donald Trump.

On Thursday, the House of Representatives passed three bills that industry supporters believe will bring more legitimacy and predictability to the digital currency space – and that critics warn could enrich the president’s own family and hand too much power to the industry at the expense of stability in the financial system. With the summer recess looming, there’s a limited amount of time to pass two of the bills that still require a Senate vote, but one is already headed to Trump’s desk. Crypto Week, as House Republicans took to calling …

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