With a Republican majority having taken control of the US Senate in January, Tim Scott said the Banking Committee would have an “open-minded environment” for digital assets.
The next few weeks are shaping up to be a whirlwind as Trump returns to Washington D.C. with plans to issue executive orders and much more.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
French Hill has stepped back as leader of the digital assets, fintech and AI subcommittee to become chair of the full House committee in the 119th Congress.
The Louisiana Republican is considered a strong supporter of the crypto industry.
Georgia Representative Mike Collins has disclosed investments in Ether and other altcoins since taking office in 2023.
The President, with only a month left in office, reportedly said “nobody in the Congress should be able to make money in the stock market” while serving the United States.
The update to the calendar makes it unlikely lawmakers will be able to vote on the SEC commissioner’s nomination before the next session of Congress.
Caroline Crenshaw may still have one more chance to be confirmed for a second term as an SEC commissioner before the next session of Congress.
The FIT21 market structure bill passed the House of Representatives in May 2024 with bipartisan support by a 278-136 margin.
The Arkansas Representative is expected to take over leadership at the House committee crucial to digital asset policy following the departure of Patrick McHenry.
A letter sent to the Senate signed by more than 40 organizations suggested that Donald Trump might not abide by tradition and nominate Democrats to the SEC at all.
Years ago, a Supreme Court decision opened the door for more corporate money in politics, and a trio of crypto companies has blasted that door off its hinges.
In likely his last committee hearing before leaving office in January, the Ohio senator suggested a looser approach to digital assets could only benefit the “corporate elite.”
Republican lawmakers are also expected to choose leadership roles for Senate and House committees soon.
It’s unclear whether the U.S. government has the authority to use seized bitcoin to constitute a strategic reserve.
The Republican Party has kept the U.S. House of Representatives for the next two years, raising hopes for comprehensive crypto legislation in the next Congress and securing a Republican trifecta for at least the next two years.
Bitcoin’s ability to reach and hold the $100,000 level will be influenced by the upcoming $11.8 billion options expiry.
After Ohio Senator Sherrod Brown lost reelection, Elizabeth Warren said she would become the ranking member of the Senate Banking Committee.
Though Republicans won the US presidency and a majority in the Senate, it’s still unclear if Democrats will win enough seats to flip the House of Representatives.
Ripple should have engaged with US regulators a lot earlier, says the firm’s CEO Brad Garlinghouse, who added it’s now “trying to make up for lost time.”
As part of its coverage of the 2024 US Elections, Cointelegraph asked several congressional candidates for their positions on crypto.
Representative French Hill says two crypto-regulating bills in the US might make some progress on Capitol Hill before the current Congress disbands.
As part of its coverage of the 2024 US elections, Cointelegraph asked several congressional candidates for their positions on cryptocurrency and blockchain.
United States congressional candidate for Virginia Bentley Hensel used an AI chatbot, “DonBot,” in place of opponent Don Beyer in a debate, highlighting AI’s increasing role in politics.
71 Democrats joined their Republican colleagues in a rare bipartisan effort to repeal the SEC’s SAB-121 guidelines from earlier this year.
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler reiterated his stance that bitcoin is "not a security" but doubled down on his stated position that regulatory clarity exists for the crypto space in an interview with CNBC on Thursday.
U.S. Rep. Maxine Waters (D-Calif.), the House Financial Services Committee's ranking Democrat, suggested in a Securities and Exchange Commission oversight hearing on Tuesday that she and the Republican chairman should finish a bill this year to regulate U.S. stablecoin issuers.
House of Representatives members brought up FTX, Donald Trump’s token launch, and SEC Chair Gary Gensler at the “Dazed and Confused” digital assets hearing.
Two of the leading U.S. lawmakers seeking crypto oversight legislation, Rep. Patrick McHenry (R-N.C.) and Sen. Cynthia Lummis (R-Wyo.), are maintaining their position that a chance remains for a bill to clear Congress before the year is out.