Crypto Rebounds as Trump Team Considers Jones Act Suspension

Published at 2026-03-12 17:17:34

The crypto market rallied today, with Bitcoin moving back above $70,000 after briefly dipping below that mark. The bounce followed comments from White House Press Secretary Karoline Leavitt confirming the Trump administration is weighing a suspension of the Jones Act — a move aimed at relieving shipping constraints and lowering domestic fuel costs.

A potential Jones Act suspension could reduce shipping frictions and help push down gasoline and diesel prices, which in turn may ease inflationary pressures and lift investor appetite for higher-risk assets like Bitcoin. While the remark has supported a short-term risk-on shift, traders will be watching for concrete policy action and energy data to determine whether the rally is sustainable amid ongoing macro and commodity-driven volatility.

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Europol and the U.S. Department of Justice announced the seizure of $3.5 million in cryptocurrency tied to SocksEscort, a proxy network that investigators say compromised thousands of routers and enabled fraud and crypto account takeovers.

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Published at 2026-03-12 18:15:18

Tether Invests in Ark Labs to Advance Programmable Bitcoin Stablecoins

Tether has joined a $5.2 million funding round for Ark Labs to accelerate programmable stablecoin technology on the Bitcoin network, boosting the startup’s development resources. The move signals growing interest in bringing USDT-style utility and programmability to Bitcoin.

TetherBitcoinArk LabsInvestmentStablecoin

Published at 2026-03-12 16:15:14

Binance and Ripple Join Mastercard’s Crypto Partner Program

Mastercard has named Binance and Ripple as inaugural partners in its Crypto Partner Program, a move aimed at expanding crypto-backed card and payment services. The announcement signals deeper cooperation between major payments infrastructure and crypto firms.

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Published at 2026-03-12 15:15:10

FATF: Offshore Crypto Firms Fuel Money Laundering and Sanctions Risks

The FATF warns offshore crypto exchanges create AML blind spots that increase money-laundering and sanctions-evasion risks for the broader crypto sector.

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Published at 2026-03-12 13:30:17

BlackRock Launches Staked Ether ETF (ETHB) to Meet Rising Yield Demand

BlackRock has launched the iShares Staked Ethereum Trust ETF (ETHB), combining direct spot ETH exposure with additional yield from on-chain staking rewards. The move responds to growing investor appetite for crypto income and simplified staking access.