Bills focused on crypto regulation, market structure, and stablecoins could all be put on hold if U.S. lawmakers don’t reach a decision on government spending by Sept. 30.
Ex-Senator Who Once Shepherded Crypto Legislation Sees No Path in Current Congress
Former U.S. Sen. Pat Toomey, who tried and failed to push his own crypto legislation through Congress before leaving at the start of the year, can’t see how the current Senate will have any better luck, despite recent progress in the House of Representatives.
US Democrats speak up for CBDC global leadership, Republicans fear ‘dark side’
Despite approaching the issue from vastly different angles, the two sides were able to agree on a few basics as the bill passed out of committee.
U.S. CBDC Efforts Opposed in Legislation Advanced by House Republicans
A crypto-related bill meant to stifle a future U.S. central bank digital currency is now heading toward consideration on the floor of the U.S. House of Representatives after committee approval Wednesday, marking further progress for digital assets legislation in Congress.
Senator Warren’s Crypto Money Laundering Bill Builds Momentum as More Sign On
U.S. Sen. Elizabeth Warren (D-Mass.) has enlisted more support from key lawmakers in a growing coalition pushing for a law to crack down on money-laundering and sanctions abuses in crypto, with new sponsorship from the top Democrats on the Senate Homeland Security and Judiciary committees.
Dueling CBDC Bills Heading for U.S. Digital Dollar Debate in Congressional Hearing
The idea of a digital dollar in the U.S. is so egregious to Republican lawmakers that it’s become a presidential campaign talking point and the subject of multiple bills to strangle it before it takes a first breath. But Rep. Stephen Lynch (D-Mass.) reintroduced a bill Thursday calling for the exact thing they’re trying to stop.
Blockchain could authenticate AI as crypto racks up court victories: Rep. Emmer
U.S. Rep. Tom Emmer told an audience at Permissionless II that things are looking up for crypto and it’s time to concentrate the narrative on innovation.
Fed Vice Chair Barr gives update on CBDC research, plugs stablecoin legislation
Michael Barr expressed “strong concern” about stablecoins and appreciation of legislative efforts to address them at the Philadelphia Fed’s fintech event.
SEC’s Gensler Should Be Focus of More Hearings on Treatment of Crypto: U.S. Senator
Sen. Bill Hagerty (R-Tenn.) previewed the lawmaker ire in store for U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler as Congress returns from its summer break, with Hagerty accusing the regulator of stomping on crypto innovation during a speech on Thursday.
US House Financial Services members scold Fed’s Powell for stablecoin bill obstruction
The committee members suspect the Fed is trying to hold up Congressional efforts to pass stablecoin legislation by restricting banks’ actions.
US House Democratic coalition creates AI working group
Representative Derek Kilmer will chair the Artificial Intelligence Working Group, which is aimed at introducing “sensible, bipartisan” policies for AI technology.
Don’t Pop the Champagne on U.S. Crypto Bills – Progress in Congress Has Been Costly
The crypto industry has never made it this far in its quest for a new system of U.S. oversight for digital assets, but the recent flurry of legislative progress may still be too contentious for it to become law.
U.S. Stablecoin Bill Takes Big Step Despite Fight From Democrats, White House
House lawmakers cleared stablecoins legislation for the next step in its route through Congress on Thursday, though the House Financial Services Committee moved the bill toward a potential floor vote without bipartisan support as Chair Patrick McHenry (R-N.C.) blamed White House objections for the stalemate.
‘Pro crypto bill’ passes out of US House Agriculture Committee
The Republican bill, dubbed FIT for the 21st Century, was drafted by two House committees and passed after strenuous preparations by members of both parties.
White House Derailed Negotiation on U.S. House Stablecoin Bill: McHenry
The move comes a day after the finance-focused lawmakers agreed bills on crypto market structure
House Financial Services Committee Votes in Favor of Crypto, Blockchain Bills
The House Financial Services Committee advanced a set of crypto bills after a landmark markup on Wednesday.
US GAO says lack of interagency cooperation needs to be addressed in crypto regulation
In a report requested by Rep. Maxine Waters, the country’s top watchdog is carefully neutral but dissatisfied with agencies’ abilities to work together.
US FSC Chairman eyes regulatory clarity for crypto, stablecoin ecosystems
The upcoming FCA meeting is aimed at providing regulatory clarity for the digital asset ecosystem — cryptocurrencies, blockchain development and stablecoin payments.
US House Republican committees introduce joint digital assets bill
The House Agriculture and Financial Services Committees have been working together all year on a bill to rival Lummis and Gillibrand’s RFIA.
Bipartisan bill to regulate DeFi, crypto security risks introduced into US Senate
The bill was introduced in the evening and has not been published yet, but it is already causing a stir. Crypto Twitter calls it a “nonstarter.”