For months, Senators Kirsten Gillibrand and Cynthia Lummis had hinted that they were preparing legislation to establish guardrails for stablecoin issuers and users.
Senate News
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Crypto executives from Ripple, Gemini and Kraken were top bankrollers of John Deaton’s Senate campaign last quarter.
16146The committee is an obstacle, the pro-crypto senator said, but that could change soon.
3411John Deaton shared with his online following that he’s covered half of the campaign funds and asked if they could pitch in the rest via cash or crypto.
37713U.S. Virginia Senate Bill No. 339, which aims to create a work group dedicated to studying cryptocurrencies, blockchain and crypto mining, received majority support from the Senate.
4283Five United States senators have joined hands to fight President Joe Biden’s plans to issue a “digital dollar.”
13409The Chamber of Digital Commerce claimed Senators Elizabeth Warren and Sherrod Brown were “trying to kill the entire industry” with the Digital Asset Anti-Money Laundering Act.
14317Senator Elizabeth Warren reportedly called for donations for her 2024 reelection by calling John Deaton a “big cheerleader for crypto interests” ahead his campaign launch.
7255Deaton is “taking a serious look” at the upcoming election in the state of Massachusetts.
7473The Fairshake political action committee raised more than $85 million and spent roughly $19 million as of Dec. 31, according to data from Open Secrets.
5186A total of 18 senators now fall into the pro-crypto camp, according to analysis from Coinbase advocacy group Stand with Crypto.
5676Senators Ron Wyden and Cynthia Lummis questioned the SEC’s lack of multifactor authentication and phishing-resistant hardware tokens for its X account.
6833The Blockchain Basics Act would allow individuals to host blockchain nodes and conduct crypto mining operations in residential properties without any license requirements, among other benefits.
30996Warren’s Digital Asset Anti-Money Laundering Act would shut crypto providers down, playing into the hands of the banking industry.
3112The two provisions abolished from the National Defense Authorization Act centered around Anti-Money Laundering issues linked to cryptocurrency.
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