Galaxy Research says illicit finance provisions in the Senate Banking draft go far beyond the House’s Clarity Act.
Lawmakers and the crypto industry are sifting through pages and pages of bill text, with much of the focus being on stablecoin rewards.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
A partial draft of the Senate's legislation shows the bill remains blank on stablecoin rewards and has some protections for decentralized finance, but they're weaker than before.
Senators introduced a bill that clarifies that software developers who do not control users' funds are not considered money transmitters.
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.
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.
There's always something going on in the crypto space, and this year was no exception. We take a look back at 2025's highlights.
The next year will be pivotal for cryptocurrency legislation, with the big question being whether an all-encompassing bill can get passed.
Sen. Cynthia Lummis — a leading force behind efforts to pass sweeping crypto legislation — said she will not seek reelection.
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.
Guessing the direction of Congress is akin to long-range weather prediction, with so many variables in play, and the industry's fate depends on a break in the storm.
Wednesday's meeting was with members of the Senate Banking Committee along with crypto and traditional finance representatives.
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 following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
President Donald Trump's pick to lead the FDIC is headed to a full Senate vote after lawmakers voted to push through the nomination.
Senate Banking Chair Tim Scott said he hopes to get the bill to the Senate floor in early 2026 for President Trump's sign-off.
The U.S. government could soon reopen, allowing key federal agencies overseeing digital assets to resume normal operations.
Former Binance CEO Changpeng Zhao is pushing back against statements made by Sen. Warren following his pardon by President Trump.