Bitcoin climbs as Fed Chair Powell tells Senate stablecoin industry has matured: CNBC Crypto World

On today's episode of CNBC Crypto World, during testimony before the House Financial Services Committee, Fed Chair Jerome Powell said that the stablecoin industry has matured significantly over the past few years. Plus, Sen. Cynthia Lummis explains why the U.S. needs to pass a crypto market structure bill now. And, Digital Asset CEO Yuval Rooz discusses how capital raised during a funding round backed by Goldman Sachs, BNP Paribas and Ken Griffin?s Citadel Securities will be used. Chapters 00:00 - CNBC Crypto World, June 25, 2025 0:27 - Bitcoin rises 1:04 - The headlines 4:52 - Yuval Rooz, CEO Digital Asset For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/42d859g ? Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision ? Subscribe to CNBC: https://cnb.cx/SubscribeCNBC ? Watch CNBC on the go with CNBC+: https://www.cnbc.com/WatchCNBCPlus Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price update