Democratic Senator Chris Murphy pushed a bill to block presidential coins while Elizabeth Warren described how to get Dems to move forward on stablecoins.
The former fund executive who became a U.S. senator from Pennsylvania this year, Dave McCormick, is BTC's biggest investor in Congress at the moment.
Former SEC Commissioner Paul Atkins will be sworn in as the agency's next chair and will oversee future regulation for the crypto sector.
Senate leaders are said to be queuing up votes to reverse two Biden-era regulations tied to digital assets: the IRS DeFi rule and a CFPB digital-payments rule.
The Securities and Exchange Commission blocked staking when crypto exchange-traded funds were granted, but the lawmakers suggest the SEC may have been off-base.