Apple products are by no means an exception.

Unlike fiat currencies, Bitcoin’s maximum supply is 21 million coins. Because of this, the White House has stated “there is a strategic advantage to being among the first nations to create a strategic Bitcoin reserve.”What if Bitcoin were a country?

With Bitcoin priced at $110,000 and a circulating supply of approximately 19.87m BTC, its market capitalisation stands at roughly $2.18 trillion.If Bitcoin were a country, it would be a major economic powerhouse, ranking roughly in the top 10 worldwide by gross domestic product (GDP) size, roughly on par with countries like Brazil ($2.17 trillion), Canada ($2.14 trillion) or Russia ($2.02 trillion).What are the regulations and ethics on government officials’ involvement in crypto?

Just before taking office, Trump launched the $TRUMP meme coin at a Crypto Ball held in Washington, DC. Meme coins are often created as a joke and are susceptible to volatile price movements, however, Trump’s coin has allowed top investors access to him.Last week, President Trump hosted top investors for a cryptocurrency project at his luxury golf course in Northern Virginia. It’s estimated investors spent $148m on the $TRUMP coin to secure their seats at the dinner, with the top 25 spending more than $111m, according to crypto intelligence firm Inca Digital, the Reuters news agency reported.

While the White House insisted Trump would be attending the event “in his personal time”, he spoke at the event behind a podium marked with the presidential seal.

When Trump’s meme coin launched, it first surged, then fell in value, while its creators, which include an entity linked to the Trump Organization, made hundreds of millions in trading fees.But the version of the legislature that makes it out of Congress might be different from the one passed by the House.

“Even if the Senate passes the tax, it’s possible that they change the amount of the tax and the criteria for its application in the process,” said Emily Saulnier, editor-in-chief of the Boston College Law Review, a publication at Boston College Law School.Centrist and conservative Republicans in the Senate are divided on the bill. House Speaker Mike Johnson has urged Republican senators to revise it as little as possible. If Senators pass a revised version, the House will need to vote on that new text for it to be passed onto Trump, who will then sign it into law.

Wisconsin Republican Senator Ron Johnson has opposed the bill in its current form, arguing it will increase the national deficit, which is the difference between the amount of money the federal government spends and the amount it earns through revenue. Johnson said the House bill would add “$4 trillion” to the deficit. In 2024, the deficit was $1.83 trillion.Republican Kentucky Senator Rand Paul raised similar concerns during a Fox News interview on May 25, saying while he supports parts of the bill, it would “explode the debt”.