Congress returns to Washington next week, ready to take up cryptocurrency legislation before the midterm election calendar takes over.
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.
A group of Senate Republicans is pressing key financial regulatory agencies to clarify capital standards for digital assets.
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.
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.
Legislation to establish a strategic bitcoin reserve in the U.S. is set to be reintroduced in the next few weeks.
Thom Tillis has reportedly said he would not support the crypto bill if it does not include conflict-of-interest provisions.
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.
Wall Street spent years talking about tokenization, but never seemed to move beyond vague plans and pilot projects. This week, however, we've seen a culmination of various efforts and incentives that showed it's finally taking things seriously. BMO said it plans to launch tokenized cash capabilities with CME Group and Google Cloud for real-time payments […]
The post Here’s why Wall Street suddenly obsessed with tokenization – but on its own terms appeared first on CryptoSlate.
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.
Lawmakers signaled growing acceptance that traditional markets are moving toward tokenization, and had concerns about protecting investors.
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.