All articles tagged with #cryptocurrency legislation
Sen. John Boozman is set to release an updated GOP-only draft of the crypto bill as House Republicans push a $1.2 trillion funding package amid hard-line demands for amendments, highlighting internal GOP tensions while other updates cover health-cost hearings, DHS funding debates, Epstein-related actions, and impeachment talk—all ahead of a tight legislative deadline.
Senate Banking Chair Tim Scott postponed a scheduled markup of landmark cryptocurrency legislation after pushback from Coinbase and other crypto firms, signaling uncertain bipartisan support. Coinbase CEO Brian Armstrong argued the draft would worsen the status quo and could undermine CFTC authority while raising concerns about stablecoin rewards, prompting questions about amendments that banks want. With lawmakers from both parties negotiating changes, it’s unclear when Scott will reconvene the markup, though Senator Cynthia Lummis pressed for continuing work on the bill.
Senate Agriculture Chair John Boozman is considering delaying a key vote on cryptocurrency legislation to allow more bipartisan negotiations with Senator Booker, aiming to consolidate support before the January 15 markup, amidst ongoing bipartisan talks.
The US House of Representatives has passed landmark legislation, including the Genius Act to regulate stablecoins and the Clarity Act to classify assets as securities, signaling a significant move towards formalizing cryptocurrency regulation and enabling banks to participate in digital assets, with the bills now heading to President Trump's desk for approval.
Cryptocurrency bills in the House are stalled due to internal disagreements, with GOP hard-liners demanding the inclusion of a CBDC ban, leading to negotiations and potential delays in passing key crypto legislation, while other political developments continue across Congress.
Amidst legislative gridlock in the US Congress, President Trump has stepped in to rally support for key crypto bills, including the GENIUS Act, which could bring clarity to the digital asset industry. Despite support from some lawmakers, the bills face opposition and procedural delays, impacting Bitcoin and Ethereum prices, which remain volatile but show signs of resilience. The outcome of these legislative efforts could influence future crypto innovation and regulation.
Bitcoin reached a new high of $118,860 amid anticipation of upcoming U.S. legislative reviews on digital assets, with institutional adoption and ETF growth fueling positive momentum. Key bills like the GENIUS Act, CLARITY Act, and Anti-CBDC Surveillance State Act are shaping the regulatory landscape, potentially boosting crypto adoption and stability. Despite legislative progress, experts suggest Bitcoin's long-term outlook remains bullish, driven by macroeconomic factors and institutional demand.
Shares of Circle Internet Group surged after the U.S. Senate passed the GENIUS Act, establishing a federal framework for stablecoins, leading to a significant increase in Circle's stock price and marking a major legislative milestone for digital currencies.
Cardano's price surged by 32% amid speculation that its founder, Charles Hoskinson, might become a crypto advisor to President Trump. Hoskinson expressed interest in collaborating with the Trump administration to develop clear regulatory frameworks for cryptocurrencies, emphasizing bipartisan support. He plans to establish a policy division through his company, Input Output Global, to align crypto legislation with existing US financial laws. The market's positive response to these developments has propelled Cardano to become the ninth-largest cryptocurrency by market cap.
A new draft bill in the US aimed at regulating stablecoins has sparked debate within the cryptocurrency sector. While some, like Ryan Berckmans, see it as a big win for Ethereum, others, like Jake Chervinsky, have expressed concerns about its potential impact. The bill could significantly alter the operational landscape for digital currencies, particularly Ethereum and its associated stablecoins, by legitimizing stablecoins on public chains and potentially transforming the banking sector’s approach to digital currencies. The final version of the legislation will be critical in shaping the future of stablecoins and blockchain technology in the United States and possibly globally.
As Bitcoin's fourth mining-reward halving approaches, Goldman Sachs warns against assuming history will repeat itself due to differing macroeconomic conditions, while broker Bernstein advises investors to buy mining stocks ahead of the event. U.S. Senators Lummis and Gillibrand introduce a bill aimed at regulating stablecoins, seeking to define their operations and impose reserve and operational requirements. Meanwhile, the combined market cap of the top three stablecoins has reached a record high, signaling continued expansion in liquidity for the crypto market.