Odaily News Michigan's legislative body recently proposed four new bills related to Crypto Assets, which cover regulations on crypto mining activities, tax reductions, allowing state finances to invest in Bitcoin and Ether, and the establishment of digital asset protection mechanisms. (Cointelegraph)

PANews May 23 news, according to @tier10k, U.S. President Trump attended a Crypto Assets dinner held in Virginia and delivered a speech, stating that the U.S. is the "global capital of encryption" and criticized the current President Biden for being "detrimental to the Crypto Assets industry." However, the overall content of the speech lacked substantive new ideas.

In a dramatic clash involving politics, finance, and digital currency, former President Donald Trump is hosting an exclusive dinner for over 200 top investors in the TRUMP meme coin. This event marks a critical moment for the future of the token, with significant price fluctuations and investor interest. The presence of key figures like Justin Sun hints at potential collaborations and global implications in the crypto market. Despite short-term bullish trends, long-term forecasts predict a concerning outlook for the TRUMP token by 2025, making it vital for short-term traders to capitalize before the projected downturn.

BlockBeats News, on May 23, according to GMGN market data, TRUMP has fallen about 10% from its intraday high at the same time as Trump held a dinner, with a temporary price of $14.32, a market capitalization of $14.33 billion, and a 24-hour trading volume of $262 million.

Trump-themed cryptocurrency TRUMP rose 10% in 24 hours, drawing market attention. The recent "Meme Coin Dinner" has caused a storm of public opinion and has been accused of fueling market speculation. Despite the criticism, the related tokens bucked the trend and moved higher, demonstrating the sensitivity of the meme coin market to hot events. The Trump team has yet to respond. The TRUMP token has a market capitalization of about $320 million, with a 200% increase in trading volume over the past week.

On May 23, the U.S. Supreme Court ruled on Thursday that the Federal Reserve is unique among government agencies. The court's ruling concerns the case of the leader of an independent body who was removed from office by Trump. The court ruled that the officials could still be removed from office until the case was fully heard. But the Fed is different. According to court documents, "The Federal Reserve is a quasi-private entity with a unique structure. President Trump has repeatedly criticized Powell, saying in April that "no amount of firing Powell is enough." ”