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Latest US Congress News
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The U.S. House Oversight Committee has launched an investigation into alleged debanking practices targeting crypto companies. On Friday, Committee Chair James Comer sent letters to prominent crypto executives, including Coinbase CEO Brian Armstrong and Uniswap founder Hayden Adams, seeking information…
News
Senator Cynthia Lummis threatened criminal referrals for FDIC staff allegedly engaged in destroying documents linked with “Operation Choke Point 2.0”.
News
Several U.S. policymakers have called for clear digital asset regulations as the nation enters a pro-crypto regulatory era under President-elect Donald Trump. Despite growing global adoption and significant advancements in the past 16 years, blockchain technology and cryptocurrencies have faced…
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Congress must pass legislation that establishes a framework for regulating stablecoins, officials say.
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The outcome of the 2024 U.S. elections, which saw Republicans taking control of the White House, Senate, and Congress, could significantly reshape the regulatory landscape for cryptocurrency in the country, according to S&P analysts. According to a recent S&P Global…
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Bitcoin
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U.S. Senator Cynthia Lummis proposed a Bitcoin national strategic reserve by selling some of The Federal Reserve’s gold, rather than buying from government budget. Cynthia Lummis, a Republican Senator, plans to push President-elect Donald Trump’s masterplan for Bitcoin into reality.…
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The Crypto Market Integrity Coalition called on Congress to establish a national regulatory framework for digital assets before the current legislative session ends. In a letter dated November 14 and seen by crypto.news, CMIC urged Congress to “foster a ‘compliance…
Feature
Preliminary results of the U.S. Congressional elections show that more than 250 candidates who support the digital asset sector have made it into the new legislature. As FOX Business reports, the elections were held simultaneously with the presidential election, won…
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Venture capital firm Andreessen Horowitz—a16z—released an optimistic note to the crypto industry on Nov. 11, addressing the industry’s future and highlighting new opportunities for regulatory clarity, innovation, and growth in the U.S. The letter’s message to builders? It’s a promising…
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Republican Mike Collins, re-elected to the U.S. House of Representatives in Georgia’s 10th Congressional District, holds Ethereum. Collins disclosed an investment in Ethereum (ETH) worth nearly $80,000, according to the platform Quiver Quantitative. The platform, which tracks investment purchases and…
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The United States Treasury reported that stablecoin adoption and crypto volatility could increase T-Bill demand as digital asset growth continues. The U.S. Treasury acknowledged a boom in blockchain use and cryptocurrency investment in its Fiscal Year 2024 Q4 report. Stablecoins,…
Follow-up
Ahead of today’s Congressional hearing on SEC oversight, Republicans urged Gensler to repeal SAB 121
Republican lawmakers have strongly requested that the U.S. Securities and Exchange Commission repeal a controversial rule for banks that deal with crypto. Yesterday, Sept. 23, a group of more than 40 members of Congress sent signed letters to the heads of…
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Follow-up
As Democrats and Republicans argue over DeFi, what message does Trump’s silence send to the crypto community? Is it a sign of disinterest or strategic neutrality? DeFi gets the spotlight On Sep. 10, the first-ever Congressional hearing on decentralized finance…
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Decentralized finance defenders argued against imposing stringent anti-innovation rules on the fledgling digital asset industry. At a U.S. House Finance Services Committee hearing titled “Decoding DeFi: Breaking Down the Future of Decentralized Finance,” a roster of DeFi proponents testified to…
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Fairshake, a prominent crypto-focused super PAC, plans to invest $25 million in TV ad campaigns to support 18 House of Representatives candidates from both parties. According to Fairshake spokesman Josh Vlasto and Fox Business reporter Eleanor Terrett, this effort highlights…
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The U.S. House will vote on a resolution to overturn President Joe Biden’s veto on a bill that had struck down the Securities and Exchange Commission (SEC)’s Staff Accounting Bulletin 121, or SAB 121. Biden vetoed the legislation after the…
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