Sen. Lummis renewed her push to modernize the tax treatment of digital assets and introduced a new bill on Thursday.
Lawmakers and the White House are pushing to pass comprehensive legislation to regulate the crypto industry by the end of September.
Facebook's earlier Libra project collapsed under regulatory pressure, but a slew of Big Tech firms are now exploring stablecoin adoption.
Invoking cloture on GENIUS sets it up for final passage on Monday unless leadership reach a time agreement that shortens debate on the bill.
Federal Reserve Governor Michelle Bowman was confirmed by the Senate on Wednesday to serve the top regulatory role at the central bank.
In a second take, U.S. senators voted on Monday night to move forward with monumental legislation to regulate stablecoins.
Sen. Cynthia Lummis said it's a 'fair target' to have the senate vote on the stablecoin bill, dubbed GENIUS Act, by Memorial Day.
Sens. Cynthia Lummis and Bernie Moreno say a tax provision could have unintended consequences for companies holding digital assets.
Senate Democrats are seeking information about President Donald Trump's cryptocurrency ties and Binance in a letter sent on Friday.
U.S. senators voted Thursday to halt progress on a stablecoin regulation bill amid tensions over President Donald Trump's crypto involvement.
Senators voted to not move forward on a bill to regulate stablecoins for now following escalating tension over President Trump's involvement.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Hougan remains optimistic on crypto prices this year if the U.S. Congress can get stablecoin and market structure bills passed.
The Senate's stablecoin bill's issues may delay work on the far more important market structure legislation.
Nine Senate Democrats said the so-called GENIUS Act has "numerous issues" days ahead of the first expected procedural votes on the bill.
Trump family's crypto ventures — including a planned stablecoin launch — could stall crypto regulatory advancements, according to TD Cowen.
A commissioner's disapproval of the SEC's statement that stablecoins are not securities could pose a challenge to bills, TD Cowen said.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
TD Cowen says hurdles "can still be overcome given how many Democrats are supportive of the need to enact a stablecoin bill."
The House Financial Services Committee voted to advance a monumental bill to regulate stablecoins on Wednesday.
U.S. lawmakers are barreling toward passing crypto legislation but are hitting a few snags along the way, including from Trump.
Long time crypto advocate Miller Whitehouse-Levine is taking on his next endeavour in Washington in launching the Solana Policy Institute.
U.S. lawmakers peppered potential incoming SEC Paul Atkins about his ties to bankrupt crypto exchange FTX while also criticizing Gensler.
U.S. lawmakers are gaining ground on bills to regulate crypto, with votes set to happen for stablecoin legislation soon.
Lawmakers and crypto leaders have argued digital asset firms face unique challenges when establishing and maintaining accounts in the U.S.
Sen. Warren raised concerns over potential incoming SEC Chair Paul Atkins' ties to collapsed crypto exchange FTX in a letter on Sunday.
As Congress plans to regulate crypto, Digital Chamber President Cody Carbone plans to step into a new role as CEO.
Two top financial regulators in the crypto space have a date with the Senate as SEC nominee Paul Atkins and OCC pick Jonathan Gould get a March 27 hearing.
The U.S. OCC said it has ended examining national banks and other financial institutions for reputational risk.
Coinbase made several recommendations to the SEC in a move to clarify its authority over the crypto market.