Crypto legislation is hitting another snag this week — this time from the top Republican and top Democrat of the Senate Judiciary Committee.
A bill to regulate the cryptocurrency industry could be finalized within the next few weeks, according to Michael Novogratz, CEO of Galaxy.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Despite the postponement of a hearing that could have advanced crypto legislation, lawmakers insist the effort is far from dead.
Bank of America CEO Brian Moynihan warned that stablecoin yield rules could shift up to $6 trillion in deposits from banks.
A combination of timing pressures and unresolved policy concerns led Coinbase to withdraw its support for a sweeping cryptocurrency bill.
Lawmakers face a pivotal Senate hearing with over 70 amendments in play, as debates over stablecoin yield and DeFi come down to the wire.
Galaxy Research says illicit finance provisions in the Senate Banking draft go far beyond the House’s Clarity Act.
The Senate Agriculture Committee said Tuesday its postponed crypto market structure bill would drop on Jan. 21 and be debated six days later.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Bernstein said the window to pass the bill is rapidly narrowing amid a dispute between banks and the crypto industry over stablecoin rewards.
While Senator Cynthia Lummis hints about a circulating Banking Committee draft, the Agriculture Committee says it's still hoping for a bipartisan version.
Senators are sifting through key issues that are proving to be vital in advancing a sweeping crypto bill ahead of next week's votes.
Though consequential Senate committee votes may be coming, the talks over the bill's language haven't yet satisfied fundamental requests from Democrats.
The Senate Agriculture Committee has previously released a discussion draft of its market structure legislation.
Next week is shaping up to be a consequential one for crypto policy, as two key Senate committees prepare to advance legislation.
Matt Hougan said crypto's early-2026 momentum depends on avoiding major blow-ups, progress on U.S. legislation, and stable equities.
A sweeping bill to regulate the crypto industry in the Senate Banking Committee is moving forward, one way or another, in the new year.
Community bankers are pressing lawmakers to draw clear boundaries for yield-generating stablecoins, arguing it could draw away deposits.
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.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Markup sessions review, amend, and vote on the bill in the committee before it advances to a full floor vote in the Senate.
The U.S. Senate voted to advance President Trump’s nominee, Michael Selig, to lead the Commodity Futures Trading Commission.
Sen. Scott said "real progress" is being made to pass a massive cryptocurrency bill into law after meeting with top bank CEOs on Thursday.
Lawmakers are barrelling ahead to get a massive cryptocurrency bill advanced and moving forward to eventually land at President Trump's desk.
Negotiations on a crypto bill have been "decently frustrating" over the past few weeks, Ohio Republican Sen. Bernie Moreno said.
Senate negotiators are struggling to finalize a bill as disputes over stablecoin yield, conflicts of interest, and DeFi slow progress.
House Republicans criticized what they described as the Biden administration’s "coordinated attack" on digital assets.
The day after his confirmation hearing, the Senate Agriculture Committee followed up with a quick vote to advance Mike Selig to the overall Senate for a final vote.