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Latest US Senate 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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Could DeFi survive under outdated financial regulations? Experts suggest that forcing decentralized platforms into compliance models designed for banks would have been disastrous, proving why policymakers must rethink their approach. Senate votes to repeal IRS rule The U.S. government’s long-running…
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Senator Tim Scott of South Carolina, the leading Republican on the Senate Banking Committee, has introduced the Financial Integrity and Regulation Management Act. This legislation aims to prohibit financial regulators from considering reputational risks when supervising banks, a practice critics…
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Over 30 U.S. states explored public-funded Bitcoin reserves, with at least two jurisdictions close to establishing laws.
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Bitcoin
News
Patrick McHenry, former chair of the House Financial Services Committee, has joined three crypto-focused companies since his pivot from policymaking.
Follow-up
Is the U.S. Treasury about to hold Bitcoin? Lummis proposed a strategic Bitcoin reserve last year—now she says “Big things cooking.” What’s really on the table? Lummis puts Bitcoin on the big stage Senator Cynthia Lummis has announced that she…
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Bitcoin
Opinion
There is a feeling of optimism from the U.S. congresspeople who are genuinely open to industry feedback on AI and crypto regulatory reform
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Federal Reserve chair Jerome Powell told the U.S. Senate that regulators should” take a fresh look” at the crypto debanking debacle.
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Both House Republicans and Democrats have presented plans to regulate U.S. stablecoins, a sector evidently prioritized by lawmakers under President Trump.
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The Federal Deposit Insurance Corporation has released more than 100 documents related to the highly criticized and controversial “debanking” of crypto companies and individuals. In a press release on Feb. 5, the FDIC stated that the 175 documents pertain to…
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Howard Lutnick, President Trump’s pick for U.S. Commerce Secretary, was grilled by lawmakers over his ties with Tether and alleged criminal use of its dollar stablecoin.
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Tether
Follow-up
Senator Elizabeth Warren has demanded answers from Howard Lutnick, President Donald Trump’s nominee for Commerce Secretary, regarding his financial ties to Tether. Ahead of Lutnick’s Senate confirmation hearing, Warren sent a letter questioning his ability to serve impartially while maintaining…
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Republican Rep. Bryan Steil has called for clear crypto rules as he’s set to chair the House’s Subcommittee on Digital Assets, a key Congressional gather for blockchain policy
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Lawmakers, industry leaders, and blockchain innovators gathered this week to discuss the future of crypto policies and their impact on national security. The Blockchain Association hosted its third annual Policy Summit in Washington, D.C., on December 16-17, 2024. With key…
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Blockchain community members pushed against the re-confirmation of Democratic U.S. SEC Commissioner Caroline Crenshaw amid agency transition.
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News
Pro-crypto candidates for the U.S. Senate and House of Representatives are leading the race against anti-crypto candidates as the market goes on a bull run. According to data provided by Stand With Crypto, 226 and 14 pro-crypto candidates have been…
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