Justin Sun called on China to reconsider its stance toward crypto and adopt more progressive policies after Trump's Bitcoin2024 keynote.

Ultimately, the continued success of the crypto industry hinges on its ability to build trust—with users, with regulators, and with the broader financial system.

"The Digital Asset Framework represents a pivotal milestone in our journey towards fostering innovation and growth," said an official.

The Dutch finance ministry has denied requests for additional funding to monitor the crypto sector amid new European regulations

Crypto exchange One Trading has been granted an Organized Trading Facility license by the Dutch financial regulator

Shares of New York-listed cryptocurrency firms gained before the open on Monday after Republican presidential candidate Donald Trump talked up bitcoin and promised friendlier regulation for the industry. Crypto exchange Coinbase's shares climbed 3.7%, while miners Bitfarms, Riot Platforms and CleanSpark were up between 3.4% and 4.5%. "The crypto market interprets a scenario of a Trump win as more positive for crypto, in view of the Biden administration's strong regulatory crackdown on crypto and pro-bitcoin statements by Trump," Bernstein analysts wrote in a note.

Bitcoin price today: rises to over $69k after Trump touts friendlier regulation

Trump's keynote at Bitcoin 2024 praises the crypto industry and announcing his support for a Bitcoin reserve.

Republican presidential candidate Donald Trump told a bitcoin conference on Saturday that the U.S. must dominate the sector or China would, his latest move to court advocates of cryptocurrency, which Beijing has restricted and which he once dismissed as a "scam." Speaking at the Bitcoin 2024 convention in Nashville, Trump positioned himself as the pro-cryptocurrency candidate ahead of the Nov. 5 presidential election, saying he would make the U.S. the world's cryptocurrency leader and embrace friendlier regulations than likely Democratic nominee Vice President Kamala Harris.

Crypto advocacy group The Digital Chamber has been helping leaders in Washington understand blockchain technology

In a recent discussion on CNBC's Squawk Box, Anthony Scaramucci, founder of SkyBridge Capital, emphasized the importance of bipartisan support for Bitcoin and crypto regulation

Tether chief executive Paolo Ardoino is alarmed that Europe's MiCA regulations on stablecoins, due to excessive cash reserves requirements, could pose systemic risks to banks