The framework sets up negotiations with Republicans over ethics restrictions, enforcement, and the pace of legislation in the coming weeks.
The bill's latest draft also addresses the regulatory treatment of airdrops, protections for developers, a DePIN carve-out, and more.
More than 100 crypto entities are calling on lawmakers to protect software developers as they deliberate how the industry is regulated.
Sen. Lummis has set her sights on passing a cryptocurrency market structure bill by the end of the year, but noted a shift in strategy.
The Blockchain Association and the Crypto Council for Innovation pushed back against recent claims by the banking industry.
The Senate only has a discussion draft out on market structure legislation so far, but Scott previously said he expects the bill to be done by the end of September.
Sen. Tim Scott says he is banking on getting enough Democrats to pass his larger crypto market structure bill.
Treasury asked for public input on what approach financial institutions should take to combat illicit activity involving cryptocurrencies.
The largest banking association in the U.S. urged senators to close alleged gaps in a stablecoin bill signed by President Trump last month.
Democratic staff say Republican counterparts'crypto draft bill creates a "superhighway" for assets looking to skirt regulators' authority.
President Trump signed an executive order intended to block federal regulators from targeting crypto-friendly financial institutions.
Sen. Cynthia Lummis introduced a bill that would put into law an order from a U.S. housing agency to evaluate cryptocurrency.
Republican Senate Banking Committee Chair Tim Scott and other lawmakers are moving forward with their cryptocurrency market structure bill.
Cryptocurrency advocates, President Trump era regulators voiced enthusiasm and delight after passage of three cryptocurrency bills.
Two Senate committees – Banking and Agriculture – need to agree on a crypto market structure bill, and Ag's ranking Democrat outlined several areas to edit.
Lawmakers and cryptocurrency advocates are gearing up for what is to be one of the biggest weeks for digital asset legislation.
Lawmakers will have to contend with how to define crypto, address Trump's crypto interests and ultimately finalize rules for the industry.
Sen. Elizabeth Warren, who is known to be critical of the crypto industry, released standards to regulate that sector.
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.