Bessent Presses Congress On Crypto Rules As Senate Clock Ticks Down
A dispute over stablecoin rewards — not sweeping disagreements about crypto itself — is what’s holding up one of the most significant digital asset bills in US history. Related Reading: XRP Faces No Immediate Quantum Threat As Only 0.03% Supply Seen At Risk: Analyst Banks And Crypto Firms Clash Over Stablecoin Yields At the center of the standoff is a narrow but contentious question: should third-party firms like Coinbase be allowed to pass stablecoin yields on to their customers? Banks say no, warning it could drain deposits from traditional financial institutions. Crypto companies....
Related News
Securities and Exchange Commission (SEC) Chair Paul S. Atkins on Thursday used social media to press Congress to approve the long‑awaited CLARITY Act, the bill intended to create a formal market‑structure framework for crypto in the United States. Atkins’ post on X (formerly Twitter) echoed recent comments by Treasury Secretary Scott Bessent and framed the […]
Bitcoin is on the map in Congress as this morning as Politico, a leading newspaper and website predominantly read by Capitol Hill Staff Members and Congress published an article entitled, "Congress Starts Looking Into Bitcoin." What does this mean for the Bitcoin community, Congress and the US Executive Branch? Ideally, Members of Congress and the US Senate will take a closer and more holistic look into how regulators have been handling Bitcoin and will proceed with regulations or lack thereof. While, it would be even more ideal for Bitcoin to have more time to flourish prior to catching....
U.S. Senator Elizabeth Warren has warned of the growing risks of cryptocurrency trading. She recently called on the U.S. Securities and Exchange Commission (SEC) to “use its full authority to address these risks,” adding that “Congress must also step up to close these regulatory gaps.” US Senator Warren Presses SEC to Step Up Crypto Oversight U.S. Senator Elizabeth Warren, who chairs the Senate Banking Committee’s Subcommittee on Economic Policy, warned Thursday of the growing risks posed by the cryptocurrency market. She also blasted the SEC for the lack of....
17 years after the Bitcoin (BTC) whitepaper was released, the world’s first decentralized currency continues to dominate global headlines. On the anniversary of its whitepaper publication, US Treasury Secretary Scott Bessent used the occasion to highlight Bitcoin’s consistency and prosperity, suggesting that Senate Democrats could learn something from its reliability and history. His remarks linked […]
The Brazilian Congress is trying to approve a cryptocurrency legal framework before the end of Q2. According to reports from local media, The proponents of the different law projects presented in the Senate and the Congress have stated they will seek the unification of the projects due to their similarity. This new unified project presents incentives for green mining and the inclusion of crypto-related fraud as a crime.
Brazilian Congress Moves Gears to Approve Crypto Laws
The Brazilian Congress has the disposition of approving a definitive law to regulate cryptocurrency before....