Coinbase is seeking a green light from the U.S. Securities and Exchange Commission to offer "tokenized equities" to its customers, the crypto exchange's chief legal officer said in an interview with Reuters.

WASHINGTON (AP) — The Senate is expected to approve legislation Tuesday that would regulate a form of cryptocurrency known as stablecoins, the first of what is expected to be a wave of crypto legislation from Congress that the industry hopes will bolster its legitimacy and reassure consumers.

Coinbase, Tether, and crypto giants lobby Democrats as Senate advances the GENIUS Act, signaling bipartisan momentum for crypto regulation.

A reported 5 million people turned out in US cities to protest on June 14, as major firms, including Coinbase, sponsored a US Army 250th anniversary celebration in Washington, DC.

Coinbase has faced backlash after sponsoring Donald Trump’s D.C. military parade, prompting sell-offs and nationwide protests.

More detail: Trump has said for days that Iran should make a nuclear deal with the U.S. But his message became more dire as he warned the Iranian capital's roughly 10 million residents to flee in the dead of night.

"My administration is working with governors to pass the GENIUS Act supporting the creation of dollar-backed stablecoins, and we also will be working to create clear and simple market frameworks that will allow America to dominate the future of crypto and bitcoin," he told a filled room to scattered applause.

Trump’s team claims 250,000 supporters watched his military parade. ‘No Kings’ protests drew at least 4 million, experts say - ‘No Kings’ protests were estimated to have drawn more than one percent of U.

On the campaign trail last year, then-candidate Donald Trump promised the crypto industry that he would become the first president to embrace blockchain technology. At the time, he didn’t reveal that he also planned to make crypto a cornerstone of his growing business empire.