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.
The first committee approval of a stablecoin bill in this new congressional session now moves the so-called GENIUS Act toward the Senate floor.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
A Senate committee voted to advance a bill that would eliminate references to reputational risk as a way to supervise financial institutions.
The Senate Banking Committee voted to advance a monumental stablecoin bill, advancing it to the full Senate.
Movement on legislation to regulate stablecoins is underway this week as lawmakers in the House debated necessary provisions in the bill.
Sen. Cynthia Lummis, a major proponent of bitcoin, reintroduced her bill to create a strategic bitcoin reserve.
Sen. Tim Scott released a bill that would block regulations from using reputational risk as a way to supervise banks.
Trump said Sunday that XRP, SOL, and ADA, along with BTC and ETH, will be included in the proposed crypto reserve.
Former FDIC board member McKernan is a critic of overregulation and has pointed out the excesses of Operation Choke Point 2.0.
Legislators convened a panel to discuss what stablecoin and market structure bills need to address.
Lawmakers are starting to get cracking on crypto legislation with hopes that bills can soon get signed by Trump by the end of the year.
As crypto firms and their new government allies rail against U.S. regulators for chasing them out of banking, Powell says such tales are a worry he'll address.