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For months, lawmakers have believed they’re on the verge of passing the first major framework for regulating cryptocurrency. But as the Senate races to finish before its August recess, a long-running bipartisan effort is running into a familiar political fight: President Donald Trump’s finances.

Ripple’s fight with the SEC left XRP (CRYPTO:XRP) untradeable on U.S. exchanges for years, until a 2023 court ruling found that XRP sold on exchanges was not a security and the platforms relisted it. Then in March this year, the SEC and CFTC jointly classified XRP as a digital commodity.

The purpose-built mining site in the Permian Basin pairs Hut 8’s infrastructure with American Bitcoin Corp’s operations in a model for grid-connected mining at scale.