President Donald Trump signed the GENIUS Act into law on July 18, pledging that the measure will secure “global dominance” in crypto technology. The legislation gives the US its first federal framework for dollar‑backed stablecoins. Trump celebrated the passing of the bill, saying: “Crypto has gone up more than any stock. Crypto makes the dollar look good. […]
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The House passed the GENIUS Act in a 307‑122 vote and sent the bill to President Donald Trump, who plans to sign it at a White House ceremony tomorrow, according to Galaxy head of research Alex Thorn. The 307‑122 tally showed that more than 100 Democrats joined most Republicans to advance the measure, which differed […]
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French lawmakers have doubled down on their plans for Bitcoin mining by highlighting that the country could generate an annual revenue of up to $150 million from the industry. In a July 11 bill submitted to the French National Assembly, the lawmakers outlined a five-year pilot program allowing electricity producers to redirect excess power, often […]
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President Donald Trump urged House Republicans on July 15 to support a procedural motion that would advance three crypto bills during the chamber’s “Crypto Week,” but lawmakers resisted the bill in today’s voting session. Trump wrote on Truth Social that “all Republicans should vote yes,” arguing that the GENIUS Act will keep the US “lightyears ahead” of China and Europe […]
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A group of US Democratic senators has introduced a new bill to sanction El Salvador’s President Nayib Bukele and members of his administration. The legislation, titled the El Salvador Accountability Act (S.2058), was put forward by Senators Chris Van Hollen, Tim Kaine, and Alex Padilla. If passed, the bill would require President Donald Trump to […]
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Senator Cynthia Lummis filed a bill on July 3 that rewrites multiple sections of the Internal Revenue Code to govern how crypto users calculate, defer, and report taxable income. The measure inserts statutory definitions for “digital asset” and “actively traded digital asset,” classifying any cryptographically recorded unit of value as property unless it merely mirrors […]
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Arizona Governor Katie Hobbs has vetoed a proposed law establishing a state-run Bitcoin and digital assets reserve fund. On July 1, Governor Hobbs informed House Speaker Steve Montenegro in a letter that she opposed House Bill 2324, which sought to establish a “Digital Assets Reserve Fund” funded by criminal asset forfeiture. In her veto letter, […]
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Connecticut has taken a firm stance against government involvement in digital assets like Bitcoin. On June 30, Governor Ned Lamont signed a new bill into law that bans state agencies from investing in crypto, including Bitcoin. The legislation, known as House Bill 7082, also prevents state entities from accepting these assets as payment for any […]
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The United States Supreme Court has allowed a lower court ruling to stand, granting the Internal Revenue Service broad authority to access customer data from cryptocurrency exchanges. On Monday, the court denied a petition for a writ of certiorari in Harper v. Faulkender, docket number 24-922, ending a legal challenge that questioned the constitutionality of […]
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Senator Cynthia Lummis revealed on June 30 that she would introduce an amendment to add crypto tax language to the “One Big Beautiful Bill” (OBBB) amid pushes from crypto advocates in the same direction. Lummis posted on X that she is drafting an OBBB amendment “to ensure Americans can use digital assets without fear of […]
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The House passed HB 1664 on June 26, which designates the Secretary of Commerce as the President’s principal advisor on matters involving distributed-ledger technology The measure, introduced by Rep. Kat Cammack and co-sponsored by Rep. Darren Soto, passed by voice vote under suspension of the rules on June 26, according to the chamber’s floor summary. […]
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The Senate and House are sending mixed messages on the most important crypto legislation awaited by the industry, with a new Senate deadline set.
The Senate Banking Committee released a seven-point framework for digital asset market structure and heard testimony urging Congress to translate those principles into statute without delay on June 23. Committee Chair Tim Scott and Senators Cynthia Lummis, Thom Tillis, and Bill Hagerty set out a plan that draws a statutory line between digital asset securities […]
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A group of US lawmakers, led by Senator Adam Schiff, introduced a new bill on June 23 to stop public officials, including the president, from using digital assets for personal gain. The Curbing Officials’ Income and Nondisclosure bill, also known as the COIN Act, aims to tighten ethical standards amid growing concern over crypto-linked financial […]
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Texas Governor Greg Abbott signed the “Bitcoin Reserve Bill” SB 21 into law on June 21, allowing the state to invest an unlimited amount of money from the state’s fund into Bitcoin (BTC). SB 21 creates the Texas Strategic Bitcoin Reserve and lets the Comptroller buy BTC so long as the asset’s market cap exceeds […]
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When Ripple unveiled its four-point policy blueprint in London this week, the message was unmistakable: if the UK wants to lead in crypto, the time to act is now. Unfolding against a backdrop of draft legislation and shifting global regulatory alignments, the move signals Ripple’s intent to turn Britain into the world’s next blockchain capital […]
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HB2324, which still needs House approval, would update Arizona's laws on forfeiture, allowing the state to hold abandoned digital assets as unclaimed property.
Arizona lawmakers are revisiting a previously rejected bill that would allow the state to manage a reserve fund built from seized cryptocurrencies. House Bill 2324 failed in an earlier House vote but is back in motion following a narrow 16–14 Senate decision on June 19. This decision returns the bill to the Arizona House for […]
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President Donald Trump, who has interests in the stablecoin USD1 via his involvement in World Liberty Financial, has called on the US House of Representatives to move quickly on the GENIUS Act, a new bill aimed at regulating stablecoins and boosting America’s role in the digital asset economy. In a June 19 post shared on […]
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Ohio is making a bold push to become a leader in Bitcoin and digital asset regulation with its latest regulatory effort. On July 17, the state’s House Technology Committee unanimously passed the Ohio Blockchain Basics Act (HB 116), advancing the bill to the next stage of legislative review. According to advocacy group Satoshi Action Fund, […]
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The Senate approved the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act in a 51-23 vote on June 17, sending the measure to the House for consideration. The vote followed a 68-30 cloture decision on June 11 that cut off debate and started the mandatory 30-hour countdown to the final roll call. Senator […]
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Treasury Secretary Scott Bessent stated on June 17 that stablecoins could cut federal borrowing costs and slow debt growth if Congress sends the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act to the president. In an X post, he pointed to research projecting a $3.7 trillion stablecoin market by 2030 and argued that […]
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The law outlines a framework for managing digital assets and fostering blockchain innovation and will take effect on Jan. 1, 2026.
The Senate voted 68-30 on June 11 to invoke cloture on the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, ending the filibuster option and moving the bill toward a final floor vote that will require a simple majority. Majority Leader John Thune, who controls the chamber’s schedule, started the 30-hour post-cloture clock […]
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Under a proposed law, companies would be able issue their own tokens provided they meet equity capital requirements and can guarantee refunds through reserves.
American economist Paul Krugman, who won the Nobel Prize in 2008, believes that stablecoins do not have any practical utility. In a May 30 blog post entitled ‘Digital Corruption Takes Over DC,’ Krugman opined that “stablecoins don’t serve any clearly useful function,” adding: “They [stablecoins] can’t be used to make ordinary purchases, and there’s nothing […]
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House Financial Services Committee Chairman French Hill introduced the Digital Asset Market Clarity Act on May 29, a bipartisan measure that would place most cryptocurrencies under a unified federal regime and draw clear lines between securities law and commodity oversight. The 249-page bill defines “digital commodity,” “investment-contract asset,” “mature blockchain system,” and “permitted payment stablecoin.” […]
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Texas legislators have moved closer to formalizing a Bitcoin reserve for the state. On May 27, a joint Conference Committee composed of House and Senate lawmakers reached an agreement on the final version of Senate Bill 21 (SB 21), dubbed the Texas Strategic Bitcoin Reserve Act. According to the committee, one of the most significant […]
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Senator Cynthia Lummis told the 2025 Bitcoin Conference in Las Vegas on May 27 that several US military generals endorse building a Bitcoin (BTC) reserve to bolster the nation’s economic deterrence. Lummis said she discussed digital reserves with unnamed senior officers who “understand that economic power is as important as military power in addressing aggressors […]
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Tether CEO Paolo Ardoino told Bloomberg on Friday that the company is “open to” creating a separate domestic stablecoin to meet the needs of the U.S. market. The news comes amid the U.S. trying to push through a stablecoin legislation—the Guiding and Establishing National Innovation for US Stablecoins Act (GENIUS Act). The international issuer of […]
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