58 articles tagged with #congress. AI-curated summaries with sentiment analysis and key takeaways from 50+ sources.
President Trump's executive order to establish a Strategic Bitcoin Reserve has stalled in Congress for a year, requiring legislative approval to move forward. Sources indicate there may be one remaining approach being considered for implementation in 2026.
Senator Thom Tillis is preparing to unveil a draft agreement aimed at resolving regulatory disagreements between traditional finance and the cryptocurrency industry over stablecoin yield regulations. The bipartisan effort represents a potential breakthrough in bridging the longstanding divide that has stalled comprehensive crypto legislation in Congress.
Senator Cynthia Lummis warns that Congress must pass the CLARITY Act promptly or cryptocurrency market structure reform will be delayed until 2030. The statement underscores the urgency of legislative action to establish clear regulatory frameworks for digital assets.
The US crypto market structure bill has reached a critical legislative stage as Congress returns to Capitol Hill with plans to pass it before year-end, with Coinbase CEO publicly endorsing the timing. This regulatory development represents a major milestone for the industry's efforts to establish comprehensive digital asset oversight.
Congress has launched an investigation into Polymarket after approximately 50 newly created accounts placed bets on a US-Iran ceasefire minutes before President Trump announced it on April 9, raising concerns about insider trading and market manipulation on the prediction platform.
US Senate Banking Committee member Bill Hagerty confirmed plans to advance crypto market structure legislation in April, despite acknowledging significant work remains. The senator indicated renewed congressional attention on crypto regulation will begin next week.
David Sacks is stepping down from his White House crypto role while key market structure legislation remains pending in Congress. He will continue to advise the administration on broader technology policy matters as crypto regulatory framework discussions continue.
Heritage Foundation economist Peter St. Onge warns that an 89-10 Senate housing bill quietly includes provisions for a temporary CBDC ban and affects the CLARITY Act's trajectory. The warning highlights that approximately 80% of voters oppose central bank digital currencies.
The U.S. midterm elections are expected to significantly impact the digital assets sector by reshaping Congress's composition. Stand With Crypto is preparing strategic initiatives as the crypto industry continues pursuing comprehensive federal legislation amid potential changes in congressional leadership.
Senate Democrats are drafting legislation to codify Anthropic's restrictions on military AI use, focusing on autonomous weapons and mass surveillance limits. This follows the Trump administration blacklisting Anthropic as a supply-chain risk after the AI company set boundaries on military applications of its models.
Senator Bernie Sanders announced plans for legislation that would impose a moratorium on data center construction to give lawmakers time to ensure AI safety. Representative Alexandria Ocasio-Cortez will introduce a companion bill in the House of Representatives in the coming weeks.
Senator Tim Scott indicates progress in market structure negotiations, specifically mentioning he may receive a draft of stablecoin yield language this week. The South Carolina Republican suggests ongoing negotiations across multiple regulatory issues.
US agencies have issued guidance clarifying rules around cryptocurrency staking and mining operations. The guidance is positioned as an interim measure to provide market clarity while Congress works on comprehensive bipartisan cryptocurrency legislation.
U.S. Democrats from both chambers of Congress introduced new legislation targeting government officials who may be using insider knowledge to place bets on prediction markets regarding military actions. The bill was prompted by concerns about potential prior-knowledge trading on U.S. war-related activities in prediction markets.
Congress faces a tight deadline of only weeks to pass the crypto CLARITY Act before midterm elections potentially derail the legislation. Banks are actively lobbying against stablecoin companies offering deposit-like rewards, creating a central conflict in Washington's crypto regulatory agenda.
Prediction market activity surged on Iran-related contracts as geopolitical tensions escalated. The CFTC opened rulemaking proceedings while Democrats in Congress moved to ban war and death-related betting markets.
TD Cowen warns that the CLARITY Act, aimed at providing cryptocurrency regulatory clarity, may not pass until 2027 and could take effect as late as 2029 without action by April. Galaxy Digital's Alex Thorn emphasizes the tight timetable for the bill to clear committee by the end of the current legislative period.
A crypto industry expert warns that the US Clarity bill faces diminishing chances of passage as time runs out for lawmakers to fast-track deliberations. The expert suggests that without immediate action, implementing the landmark cryptocurrency legislation may become impossible this year.
TD Cowen believes Congress is moving closer to permanently banning a Federal Reserve Central Bank Digital Currency (CBDC). This potential ban would benefit stablecoin issuers but could complicate the passage of the Clarity Act.
U.S. senators are working on a compromise for the stalled crypto Clarity Act, focusing on stablecoin yield provisions as the legislative window narrows. Lawmakers assured bankers at a Washington summit that the final bill won't put deposits at risk.
An Ohio judge denied Kalshi's motion for an injunction in the prediction market platform's lawsuit against state gaming authorities. The judge ruled that there is no historical evidence showing Congress intended to preempt state gambling laws.
Patrick Witt, executive director of the President's Council of Advisers for Digital Assets, announced bipartisan support for US Strategic Bitcoin Reserve legislation during a speech at the Economic Club of New York. While there is political backing for the initiative, the timing for passage may extend beyond the current Congressional session.
The U.S. national debt has reached 100% of GDP for the first time since World War II. A fiscal watchdog is urging Congress to prepare a 'Break Glass Plan' to address potential economic crises given this unprecedented debt level.
The U.S. Treasury is proposing legislation that would authorize cryptocurrency exchanges to temporarily freeze suspicious funds while law enforcement obtains proper warrants. This proposal aims to provide legal protection for exchanges taking preventive action against potentially illicit crypto transactions.
The U.S. Treasury told Congress that cryptocurrency mixers have legitimate privacy uses while recommending a 'hold law' for suspicious crypto transactions. Treasury data reveals that over $1.6 billion from mixing services has flowed into crypto bridges since May 2020, highlighting the scale of mixer usage in DeFi.
