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Top US Congress Stories
Latest US Congress News
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The U.S. Senate Banking Committee has approved the Guiding and Establishing National Innovation for U.S. Stablecoins Act, moving it toward a Senate vote. Introduced by Senator Bill Hagerty, the bill seeks to establish a federal framework for stablecoin regulation. …
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Randy Guynn, a prominent U.S. banking attorney, has called for stablecoins to be subject to bank-level regulations. Speaking before the U.S. House Financial Services Committee, Guynn argued that stablecoins should offer the same level of safety as insured bank deposits…
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Bitcoin adoption knocked on the doors of the U.S. Congress as lawmakers tapped crypto’s biggest token for personal wealth.
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Bitcoin
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House Democrats are targeting President Donald Trump’s $TRUMP meme coin with new legislation aimed at preventing top U.S. officials from profiting from digital assets. Rep. Sam Liccardo plans to introduce the Modern Emoluments and Malfeasance Enforcement (MEME) Act on Thursday,…
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Coinbase is pushing Congress to pass legislation that provides regulatory clarity for the cryptocurrency industry, arguing that inaction leaves consumers vulnerable and drives innovation overseas. In a two-page statement, Coinbase Chief Policy Officer Faryar Shirzad emphasized the urgent need for…
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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…
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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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Tether
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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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Bitcoin
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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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Bitcoin
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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…
News
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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Bitcoin
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...
News
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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Bitcoin
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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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Senators sent letters to several departments about Russia, Iran, and North Korea possibly using Tether's stablecoin to avoid U.S. sanctions.
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Tether
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Lawmakers discussed the Consumer Financial Protection Bureau's proposal to potentially bring payment applications, including those involving crypto, under its oversight.
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Chairman of the Commodity Futures Trading Commission Rostin Behnam again asks the U.S. Congress to take active action in crypto regulation.
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A recent poll by the Crypto Council for Innovation offers insights into the political preferences of crypto voters, potentially influencing the 2024 elections.
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A petition aiming to prevent a proposed crypto ban in the U.S. has garnered attention. The Chamber of Digital Commerce has outlined concerns regarding anti-money laundering.
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Bitcoin
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The latest U.S. defense bill has left out two crypto regulatory law proposals to cover the parameters surrounding money laundering and examining financial institutions
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Since Oct. 3, when lawmakers removed then-Speaker of the House of Representatives Kevin McCarthy, no legislation has made significant progress through the United States Congress.
Recap
Government agencies intensify crypto-related crackdown amid increased scams, US Congress progress on regulations, Worldcoin triggers regulatory concerns
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US Congressional committee to review bills for comprehensive crypto regulation, driven by recent financial mishaps in the industry
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Senators Cynthia Lummis and Kirsten Gillibrand are reviving their proposed Responsible Financial Innovation Act to address ongoing discussions on cryptocurrency regulations. After much anticipation, Sens. Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.) are set to revisit their cryptocurrency law, the...
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The CFTC is reviewing contracts offered by prediction market provider KalshiEX to ensure fairness and regulatory compliance
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