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Treasury Secretary Bessent called the crypto Clarity Act "at the 1-yard-line" and urged Congress to pass it.
Bitcoin jumped to nearly $67,000 Tuesday, lifting Strategy and other crypto stocks along with it.
Bitcoin nears a seven-week high as crypto and US stocks brush off Iran strikes and 10% tariff threats. Markets showed little reaction to the developments.
U.S. Treasury froze a $130 million crypto wallet linked to Iran's IRGC. The action is part of tracking and seizing assets tied to Supreme Leader Ali Khamenei.
Gate Europe CEO Giovanni Cunti says some MiCA-licensed crypto firms may exit the EU market as they struggle to sustain compliance costs under the new rules.
Russia's State Duma passed legislation creating a regulated framework for crypto market participants. The bill now moves to President Putin for signature.
UK lawmakers have opened an inquiry into why banks block accounts and payments for crypto firms and whether those restrictions are holding the sector back.