Here’s what happened in crypto today
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
In what may be prove to be crypto’s most significant week of the year, social platform X’s decision to remove crypto emojis has confounded the community. Republican Senator Roger Marshall has withdrawn his support for a controversial anti-crypto bill he co-created with Senator Elizabeth Warren. Meanwhile, Donald Trump raised more than $3 million in cryptocurrency for Q2, most of which came from exchange co-founders.
Elon Musk’s X removes crypto emojis, leaving community puzzled
Elon Musk’s X is once again causing a stir in the cryptocurrency community by removing cryptocurrency emojis, which had been in use for over four years.
The crypto community on X is puzzled by the reasons for deleting several crypto emojis — including Bitcoin
BTC
$67,316
— from the social media platform.
According to multiple reports, X removed the Bitcoin hashtag emoji alongside a few other crypto emojis on July 25.
The cryptocurrency community has quickly reacted to the news of the crypto emoji removals, with many industry advocates expressing sadness about the missing emojis.
Some observers speculated that the removal of Bitcoin emojis from X could negatively impact the Bitcoin price. However, the removals were not exclusive to BTC.
Other coins, such as Cronos
CRO
$0.09
and BNB
BNB
$576
The timing of the move has puzzled some observers, happening just as the Bitcoin 2024 conference began in Nashville, Tennessee, on July 25.
The conference will feature some massive speakers, including Republican presidential nominee Donald Trump. Trump, who has called himself a pro-crypto candidate, will speak at the conference on July 27.
US senator withdraws support for Elizabeth Warren’s anti-crypto bill
Republican Senator Roger Marshall has withdrawn his support for a controversial anti-crypto bill he co-created with Democrat Senator Elizabeth Warren in 2022.
Marshall withdrew his support as a “cosponsor” of the Digital Asset Anti-Money Laundering Act on July 24, leaving 18 senators still supporting the bill, according to the official Congress directory concerning the legislation.
Marshall and Warren introduced the DAAMLA bill together in December 2022, with Senator Warren claiming that crypto was being used by “rogue nations, oligarchs, drug lords, and human traffickers [...] to launder billions in stolen funds.”
The bill aims to bring the crypto industry to heel under existing Anti-Money Laundering and counter-terrorism financing frameworks.
Several crypto organizations and individuals have lashed the proposed legislation for wildly exaggerating crypto’s role in funding terrorism and illicit activities and warned that it could hamstring the US crypto industry.
Trump campaign raises $3 million in cryptocurrency for Q2
The Donald Trump re election campaign has raised around $3 million in cryptocurrency donations since May of 2024. This, according to Q2 filings from the Federal Election Committee.
The bulk of those donations came from individual donations from Cameron and Tyler Winklevoss, venture capitalists and founders of the Gemini cryptocurrency exchange, and Kraken co-founder Jesse Powell. Each committed to donating $1 million, but election regulations placed a limit of $844,600 per individual.
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