Crypto firms call for ‘immediate’ regulatory clarity in letter to President Donald Trump

A U.S. Senator has called on banking regulators to halt the approval process for a national trust bank charter application linked to a cryptocurrency firm backed by Donald Trump's family. This request comes amid concerns about potential conflicts of interest as Trump maintains financial ties to the venture.

Bitcoin has surged to a 50-day high above $95,000, driven by cooling U.S. inflation, reduced ETF outflows, and escalating tensions between Iran and the U.S. This increase reflects Bitcoin's dual role as a macroeconomic asset and a geopolitical hedge.

U.S. bitcoin buyers are currently driving a price rally, reversing a trend observed in late 2025 where the cryptocurrency faced significant declines. This resurgence is linked to the strength of U.S. equities, particularly influenced by the investment strategies of major players like Strategy.

Bitcoin's price has reclaimed the $95,000 mark, buoyed by strong demand for spot exchange-traded funds (ETFs) and a decrease in futures selling pressure, which has helped stabilize market sentiment after a period of volatility. As of the latest update, Bitcoin was trading at approximately $95,033, reflecting a 3.2% increase.

The cryptocurrency market remained stable as traders awaited the U.S. Supreme Court's decision regarding tariffs imposed during Donald Trump's presidency, with Bitcoin's price rising to over $94,000. This stability follows the release of the December consumer inflation report, which has influenced market sentiment.