A sweeping cryptocurrency bill faces a narrowing path to passage as pressure grows on the Senate to take up the legislation next month.
The White House's top cryptocurrency adviser, Patrick Witt, called the Clarity Act a "pro-enforcement bill," despite pushback.
JPMorgan analysts said the crypto market structure bill, or Clarity Act, may have only a narrow window for passage this year.
Digital asset legislation is years in the making, but the sector's biggest political champion, President Trump, has become a liability.
The Digital Chamber published a website to serve as a central spot for people to write to lawmakers in its latest push to pass a crypto bill.
The political environment around the Clarity Act is getting worse, TD Cowen says, making it harder for the crypto bill to pass this year.
A newly formed political action committee released its first batch of endorsements as midterm elections begin to take shape.
Chair Michael Selig has been the agency's sole commissioner since December, with four seats sitting empty, as Trump has not nominated replacements.
The Senate Banking Committee is set to vote on the crypto bill, or Clarity Act, on Thursday despite objections from banks and Democrats.
A much-anticipated hearing to vote on sweeping crypto legislation is happening, marking a second attempt in the Senate Banking Committee.
The White House's top crypto adviser, Patrick Witt, set a target date for July 4 to pass broad crypto legislation into law.
The dispute could still delay the crypto bill and reduce the chances of it passing this year, despite a proposed compromise, the firm said.
Thom Tillis has reportedly said he would not support the crypto bill if it does not include conflict-of-interest provisions.
Selig faced heat from lawmakers on how he plans to oversee prediction markets and whether it has the headcount to do it.
President Donald Trump's top crypto advisor is sparking optimism in getting broader cryptocurrency legislation passed into law.
Negotiations over how to treat stablecoin rewards are intensifying as lawmakers return to Washington D.C. next week.
The crypto bill, or the Clarity Act, remains stuck in the Senate, and Congress is now on a two-week Easter break.
Frustrations are continuing to boil over in the crypto industry as it finds itself again at an impasse over the treatment of stablecoins.
David Sacks is leaving his post as the White House's crypto and artificial intelligence czar, but he isn't going far.
The SEC and CFTC have issued crypto interpretive guidance, but the big question now is whether that clarity has staying power.
Key negotiators in advancing sweeping crypto legislation have reached an "agreement in principle" around the treatment of stablecoin yield.
A Senate panel plans to hold a hearing to amend and vote on a broad cryptocurrency market structure bill in April.
"We reject the idea that a deal has to come together in the next several weeks," said TD Cowen’s Jaret Seiberg.
The Digital Chamber and international financial technology platform Money20/20 are partnering to expand policy discussions.
Trump's direct involvement is required, but it is hard to see that occurring while the U.S. is in armed conflict with Iran, TD said.
Top Republican Rep. French Hill has some advice for his colleagues in the Senate on how to unstick its stablecoin yield problem.
"To us, the banks will eventually lose on this issue politically as they are arguing against consumers getting paid money."
Even as crypto sentiment remains weak, JPMorgan analysts see the possible mid-year approval of U.S. market structure legislation as a positive catalyst.
"This would ensure Democrats could immediately control those agencies if they win the 2028 presidential election," TD said.
And the more significant challenge is securing enough Democratic support in the Senate for the crypto legislation, TD Cowen added.