The bosses of Circle and Tether both set out their views on U.S. regulation in what some in the crypto community call a "stablecoin war."
In a hearing with the loaded title "A Golden Age of Digital Assets," the sector was — for the first time — mostly treated as a welcome arrival to U.S. finance.
U.S. lawmakers are taking different approaches to regulating stablecoins and crypto — revealing political divides.
Top Democrat Rep. Waters released a discussion draft on Monday to regulate stablecoins, according to a copy obtained by Punchbowl News.
House Financial Services Committee Republican Chair French Hill released draft legislation to regulate stablecoins.
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.
U.S. lawmakers were divided during a congressional hearing focused on crypto debanking, revealing scars from FTX and concerns over why the industry was cut off from the bank sector.
David Sacks and the leaders of the congressional committees that will handle crypto legislation outlined their plans at a press conference.
Work is already underway to regulate stablecoins, with Sen. Bill Hagerty introducing a bill on Tuesday to create a regulatory framework.
Coinbase said it wants three top federal banking agencies to take certain steps to end alleged debanking in the crypto industry.
Banks will limit their crypto exposure as long as anti-money laundering risks are at play, according to investment bank TD Cowen.
Coinbase has strengthened its Global Advisory Council with four political and financial heavyweights, signaling a deeper push into policymaking.
The launch of Trump's memecoin days before his inauguration is being received poorly by both crypto pundits and critics in Washington.
The next few weeks are shaping up to be a whirlwind as Trump returns to Washington D.C. with plans to issue executive orders and much more.
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.
Hill, who chaired the House Financial Services Committee's digital assets subcommittee, has long been a crypto advocate on the Hill.
The outgoing chair of the House Financial Services Committee deserves significant credit for getting the FIT21 market structure bill through the House in 2024.
U.S. Rep. Maxine Waters (D-Calif.), the House Financial Services Committee's ranking Democrat, suggested in a Securities and Exchange Commission oversight hearing on Tuesday that she and the Republican chairman should finish a bill this year to regulate U.S. stablecoin issuers.
Allen argued that public blockchains “can’t process large volumes of transactions” — though on-chain data suggests otherwise.
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.
Rep. Patrick McHenry (R-N.C.), arguably the crypto industry's most important advocate in the U.S. Congress, has decided not to seek another term, sources told Politico on Tuesday.