Crypto Fitz
Crypto Fitz: Bitcoin Holds Steady as Washington Moves Toward Stablecoin Legislation
This week on NBC Palm Springs, Crypto Fitz is tracking two big storylines in the world of digital currency: the Bitcoin charts and the growing conversation in Washington, D.C.
After a boost from the Federal Reserve’s recent rate cut, Bitcoin has been consolidating, building what analysts call a new floor. While not as headline-grabbing as sudden spikes, the current trend shows strong support levels holding steady—a sign of resilience that longtime investors welcome. As Fitz put it, “It has the resilience of a desert coyote.”
Meanwhile on Capitol Hill, lawmakers are giving more attention to cryptocurrency regulation. The spotlight is on stablecoins—digital assets pegged to traditional currencies like the U.S. dollar. A bipartisan bill appears to be gaining traction, aiming to set clear rules for issuers while prioritizing consumer protections.
While some fear overregulation, Fitz notes that clarity in policy could actually accelerate mainstream adoption by giving larger institutions confidence to enter the market. “Clarity is what brings in the big players,” he explained.
The takeaway: Bitcoin remains steady, and Washington is edging closer to putting a regulatory framework in place. As Fitz reminds viewers, “It’s a marathon, not a sprint.”
Explore: NBCPalmSprings.com, where we are connecting the Valley.
By: NBC Palm Springs
September 30, 2025
Latest Instagram Posts
Engineering students craft a robot that takes down a 4x4 Rubik's Cube in less than 10-seconds.
Watch a gargantuan, 5.7-mile-long train nab a world record as it disappears over the horizon!
☕️ Social Time with Thalia & Jerry. Do you do yoga?
When we took a closer look at the Desert Recreation District, the numbers and details just didn’t line up. What are your thoughts on this? Drop your take in the comments👇 #therogginreport #coachellavalley #localnews #desertrecreationdistrict #nbcpalmsprings
Your face may reveal more than you think. Researchers developed AI that analyzes facial photos for clues about biological age and cancer survival. Potentially a future tool to help doctors? 🥼
Social Time with Thalia & Jerry. Giveaway: 3-4 minutes of air time on Talking with Thalia!
🧛♂️ The Count is in the Coachella Valley! Kevin Mann is back with a new Mann on the Aisle review teaser, taking a bite out of Dracula at Revolution Stage Company! 🩸🎭 Will this production leave him spellbound or thirsty for more? Stay tuned for the full review! #MannOnTheAisle #Dracula #RevolutionStageCompany #TheatreReview #CoachellaValley #NBCPalmSprings
Independent journalists and political operatives are churning out viral clips from the 2026 campaign trail. Sometimes, these clips are sorely out of context, yet they’re driving the midterms conversation. CNN’s Marshall Cohen dives into this phenomenon and speaks with a prominent clipper about the industry.
☕️ Social Time with Thal & Jerry. Do you celebrate your birthday anymore?
A highly anticipated hearing in the People vs. William Rodriguez case was postponed for a second time today after the prosecution used a legal move to request a new judge for the hearing. Today a judge was expected to rule whether or not to dismiss Rodriguez’s murder charge after he struck and killed 60 year old Christina Barrington in Cathedral City. Tune in to our 5,6 and 11 p.m newscasts as our @newsbyalondra has all the latest details.