Heading into next week's "Crypto Week" on Capitol Hill, the House of Representatives is lining up a few votes as it puts its major focus on the Stability Act.
Two House of Representatives hearings dug into the details of the current legislation to regulate U.S. crypto markets, but Trump loomed over the discussions.
DEK:The congressman said he thinks getting a stablecoin bill and a market structure bill on President Donald Trump’s desk by the August recess is “still doable.”
Democrats abandoned a joint hearing of two committees on crypto policy, inviting people to instead attend their own discussion of Trump's "crypto corruption."
As a successor to the so-called FIT21 bill in the last session, the committee chairs in the House have released a discussion draft of a market structure bill.
Panel Democrats were stymied by witnesses declining to talk about potential conflicts of interest from President Donald Trump's crypto businesses.
“With Gary Gensler confined to the waste bin of Washington, we have an excellent opportunity to ensure that the future of digital assets is guided by Americans,” said Emmer.
Two congressional Republicans are calling for a briefing from the US Treasury Department about the recent cyber breach by an alleged China backed hacker.
Senator Tim Scott said the Senate will tackle crypto bills, and the incoming chair of the House Financial Services Committee said he hopes to pass them in 2025.
The Arkansas Representative is expected to take over leadership at the House committee crucial to digital asset policy following the departure of Patrick McHenry.
Representative French Hill says two crypto-regulating bills in the US might make some progress on Capitol Hill before the current Congress disbands.