T. Rowe Price Launches First Actively Managed Multi-Token Spot Crypto ETP

T. Rowe Price launched the first actively managed multi-token spot crypto ETP with $1.9 trillion in assets under management. Bitcoin comprises 40.75 percent of the fund holdings.

Democrats blocked a $1 trillion annual defense bill on July 14, 2026, refusing to advance the National Defense Authorization Act in protest of U.S. military operations against Iran. The vote tally was 50-46, failing to reach the threshold needed to proceed.

Senate Democratic Leader Chuck Schumer announced opposition ahead of the vote. Senate Majority Leader John Thune called the package a good bill and said Congress has an obligation to ensure troops have needed resources. After the defeat, Thune switched his vote in a procedural step that allows the measure to return for later consideration.

The 2026 NDAA marks the 66th consecutive year Congress has considered the annual defense policy bill.

Democrats cited the lack of a clear endgame in Iran and resisted White House requests to raise Pentagon spending to $1.5 trillion for 2027 from roughly $900 billion the prior year. The Senate bill would also block travel funds for Defense Secretary Pete Hegseth unless he supplies requested reports, including on a deadly Iran school strike at the start of the war.

Senator Tammy Duckworth said she would oppose the bill unless it included her amendment to end the war. Hegseth was scheduled to meet House Republicans the same evening to discuss additional funding through budget reconciliation.