Featured on the latest CNBC Crypto World: Bitcoin’s value decreased following President Trump’s statement suggesting a flat 50% tariff on goods from the European Union, a consequence of stagnant trade talks. In other news, the President held a private dinner with prominent owners of his endorsed digital meme currency, sparking ethical questions from certain Democratic members of Congress. Additionally, Kevin Lehtiniitty from Borderless.xyz offers insights into the Senate’s recent progress on the GENIUS Act, a proposed law designed to regulate stablecoins, which moved forward this week.
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Friday, May 23, 20253:00 PM Eastern Time