The U.S. crypto bills are similar but must work out matters of acceptable foreign oversight, who regulates in the U.S. and on Big Tech issuers, the top lawmaker said.
The request marks an escalation in Congressional scrutiny on whether the President and his entourage are abusing their positions to benefit their crypto businesses.
Though many Democrats on the House Financial Services Committee voted with Republicans to move the bill, they raised flags about the Trump-tied stablecoin.
The House version of stablecoin legislation was released publicly as another bill on crypto clarity was reintroduced and the Senate weighed its crypto IRS effort.
The industry's U.S. banking crisis may be retreating as a second congressional committee sheds light on how crypto businesses have been treated by regulators.
The ranking Democrat on the House Oversight Committee is asking for a probe into Trump's financial conflicts of interest he said are "proliferating wildly."
The campaign-financial operation that shook the 2024 elections has returned to dabble in Florida congressional seats vacated by Matt Gaetz and Michael Waltz.
The Louisiana Republican is considered a strong supporter of the crypto industry.
AI is already impacting mortgage lending and how credit scoring is calculated, US Representative Maxine Waters said as she introduced a new bill in Congress.
A week after the election, crypto sentiment remains strong. Polymarket, bitcoin and a possibly more efficient and crypto-positive government are all tailwinds to look forward to.
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.
The U.S.'s Republican Party seems set to keep control of the House of Representatives, completing its trifecta after flipping the Senate and White House in the 2024 election cycle — confirming odds on betting site Polymarket.
It is Election Day in the U.S. At some point in the coming hours, days and weeks, we'll know which major party wins control of the House of Representatives, the Senate and the White House. Presidential candidates Kamala Harris and Donald Trump might get most of the headlines, but which political party controls Congress probably means a lot in terms of how cryptocurrencies will be treated in the nation, especially in the short term.
The U.S. House of Representatives has approved another piece of cryptocurrency legislation with a routine voice vote, though the bill to set up a government working group to assess how to keep bad actors from using digital assets isn't likely to become a law as-is.
The Financial Innovation and Technology for the 21st Century Act would hurt investors and hamper the U.S. Securities and Exchange Commission's work, SEC Chair Gary Gensler said Wednesday.
The most comprehensive U.S. cryptocurrency legislation to so far make it through a congressional committee will get even further, with the entire House of Representatives set to vote on whether to approve it soon, according to Rep. Patrick McHenry (R-N.C.), the chairman of the House Financial Services Committee.