150 articles tagged with #congress. AI-curated summaries with sentiment analysis and key takeaways from 50+ sources.
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.
US Senator Ted Cruz is pushing for a permanent ban on central bank digital currencies (CBDCs) through an amendment to the 21st Century ROAD to Housing Act. This represents an escalation from previous short-term prohibition efforts as Cruz continues his campaign against US CBDC development.
The US Treasury has released a report to Congress acknowledging legitimate uses of cryptocurrency mixers, marking a notable shift in regulatory perspective. The report was commissioned under the GENIUS stablecoin regulatory framework directives.
Sen. Cynthia Lummis revealed that US lawmakers are actively exploring ways to allow Bitcoin payments for everyday transactions without triggering capital gains taxes. The Wyoming Republican identified the current tax treatment as a major barrier preventing Bitcoin from functioning as a true medium of exchange.
The House voted 219-212 to pass a war powers resolution limiting Trump's military actions against Iran. The narrow partisan vote reflects congressional efforts to constrain executive war powers amid escalating tensions with Iran.
Congress is reconsidering presidential war powers after decades of allowing unilateral military action. Authorization passed for President Bush during his term has continued without an effective end date through subsequent Obama and Biden administrations.
The CLARITY Act (crypto market structure bill) faces uncertainty after missing the March 1 White House deadline without reaching agreement between banking and crypto industry representatives. Negotiations appear to be stalling despite continued discussions about the bill's future.
Trump met with Coinbase CEO Brian Armstrong and subsequently urged Congress to pass the Crypto Clarity Act. He criticized banks for allegedly blocking stablecoin yield opportunities.
TD Cowen analysts state that Trump's social media posts about crypto legislation are insufficient to advance bills through Congress. They argue Trump's direct involvement is needed but unlikely while the U.S. faces armed conflict with Iran.
