WASHINGTON, D.C. — The Senate’s stalled crypto market structure bill is making progress behind-the-scenes, the chairman of the body’s Banking Committee said Tuesday. Senator Tim Scott, who heads the banking panel overseeing the market structure bill, said at the Digital Chamber’s DC Blockchain Summit that lawmakers may see a new draft of at least stablecoin […]
Ripple CEO Brad Garlinghouse said he now sees a 90% chance that the long-debated Clarity Act will pass by the end of April, signaling growing confidence inside the crypto industry that U.S. lawmakers may finally deliver long-sought regulatory certainty. Speaking on Fox Business, Garlinghouse said momentum has accelerated following renewed engagement from lawmakers and the […]
WASHINGTON, D.C. — As many as 16 Democrats may vote in favor of the Senate’s stablecoin bill when it gets to its final set of votes in the legislative body, Arizona Senator Ruben Gallego said Thursday. The “Guiding and Establishing National Innovation for U.S. Stablecoins of 2025” (GENIUS) Act faced headwinds last month after Gallego […]
On the eve of a U.S. House of Representatives hearing to scrutinize a bill to establish rules for the crypto markets, Democrats said they’ve been stymied from seeking technical information about its effects from the U.S. Securities and Exchange Commission, according to staffers. Regulatory agencies such as the SEC routinely give technical analysis to lawmakers, […]
Despite recent setbacks, U.S. legislation to regulate stablecoin issuers may be heading toward debate and passage next week, according to the backers of the bill known as the “Guiding and Establishing National Innovation for U.S. Stablecoins” (GENIUS) Act. “Next week, the Senate will make history when we debate and pass the GENIUS Act that establishes […]
Arizona will not be investing in bitcoin (BTC), at least not this year. Governor Katie Hobbs vetoed a bill on Friday that would have allowed the state to hold the digital asset as part of its official reserves. The legislation, known as Senate Bill 1025, proposed using seized funds to invest in BTC and create […]
The U.S. Congress’ opening priority for the crypto industry is to quickly finish a stablecoin oversight bill, and the House of Representatives has released the text of its version on Wednesday, following in the heels of a recent committee approval of its Senate counterpart. The House version, introduced by Rep. Bryan Steil, who leads the […]