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.
The White House plans to convene a meeting next week with senior leaders from the banking and cryptocurrency sectors, Reuters reported.
The American Innovation Project is launching a new fellowship program for recent college graduates to work alongside lawmakers.
Galaxy Research says illicit finance provisions in the Senate Banking draft go far beyond the House’s Clarity Act.
The firm said Democratic demands for conflict-of-interest restrictions affecting senior officials could complicate passage this year.
The next year will be pivotal for cryptocurrency legislation, with the big question being whether an all-encompassing bill can get passed.
Legislators will consider the GENIUS stablecoin bill, larger crypto market structure Clarity bill, and another focused on blocking CBDCs.
The market structure bill got an overhaul in two House committees at the same time while the Senate's stablecoin bill is steaming toward a finish.
In a monumental move, House committee lawmakers advanced landmark legislation to regulate cryptocurrencies at large on Tuesday.
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.
Democrats abandoned a joint hearing of two committees on crypto policy, inviting people to instead attend their own discussion of Trump's "crypto corruption."
Democrats and Republicans physically splintered on Tuesday, holding their own meetings to discuss the future of cryptocurrency regulation.
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.