Bitcoin reached a new all-time high of $111,000, right before US President Donald Trump is set to host his crypto dinner with leading industry leaders and investors. This also comes in light of a new stablecoin bill that has courted controversy and generated excitement from stakeholders.

Outside of these events, it is clear that demand for cryptocurrencies like Bitcoin is in a very good place. Take the world of gambling, for example. In the past, fiat currency was the only option for anyone to get their needs met, but now, crypto has found its way into the mix. As a recent article by iGaming writer Carlos De Lanuza for ValueWalk’s new bitcoin casino list highlights, virtually every casino game can be played using cryptocurrency as a baseline currency. 

As of May 22 2025, Bitcoin reached a new all-time high of over $111,000. This is bolstered by several factors, including the easing of tensions between China and the US, the growing influence of mainstream corporations in the crypto world, as well as excitement over the incoming trump crypto dinner.

US President Donald Trump has been very active in the blockchain space for several years now, and last year saw it reach fever pitch. From the release of crypto-themed merch to speaking at a Bitcoin convention, he branded himself as the candidate for the industry. Now that he’s been re-elected, the support for the industry has not waned.

He has not only held a crypto summit at the white house but has spoken out about the need for a strategic crypto reserve. After launching his own controversial meme coin, he is about to hold a high-profile dinner with some of his biggest investors, as well as standout figures in the crypto space. Gaining entry into the dinner required TRUMP investors to spend the most on the token for a certain amount of time, and it is rumoured that the 220 winners spent a combined $394 million on the token. 

Other attendees include Justin Sun, the founder of Tron. While this dinner has certainly been high profile, it has not been without its controversy. The Trump coin itself has sparked major debate around the ethics of a public office holder releasing a meme coin. This was exacerbated by a proposed bill that would ban such public office holders from releasing meme coins. Then there has been the wild fluctuation of the meme coin’s value, which many experts say has no tangible use case. 

But while the industry deals with the controversy and speculation, a major piece of legislation is about to take centre stage. Trump’s AI and crypto czar, David Sacks, is pushing for the GENIUS Act, a piece of legislation that would govern the stablecoin space. As he puts it, there are trillions of dollars in the stablecoin markets that can benefit the US treasury. The GENIUS Act is making its way through the US Senate, and as cryptocurrency as a whole receives more attention, it will be very interesting to see if it finally passes, and if so, what the impact will be. 

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