Bills News

The Senate Banking Committee has been looking to advance its crypto market structure bill since postponing a markup in January.

Senator Angela Alsobrooks says she’s working on a proposal to move a key crypto bill forward, but crypto and the banks will have to compromise.

New regulatory frameworks weren’t needed when financial infrastructure shifted from paper to electronic records, so it isn't needed for blockchain either, argues ASIC’s Rhys Bollen.

The Blockchain Association urged Congress to exempt low-dollar crypto transactions and tax mining and staking rewards upon sale.

White House crypto adviser Patrick Witt reportedly refocused crypto and bank lobby talks on a crypto bill to allow stablecoin rewards tied to transaction activity.

Coin Center said internet and cloud hosting providers aren’t prosecuted when criminals misuse their platforms, arguing crypto developers shouldn’t be either.

Bitwise’s Matt Hougan says crypto will have to “wrestle with prolonged regulatory grind and skepticism” if the US fails to pass a market structure bill.

US Senator Roger Marshall filed an amendment last week that would have forced companies to compete on swipe fees.

The amendments marked the latest Democratic Party-driven push to prevent US officials from profiting off of crypto interests.

The Senate Banking Committee is backing Donald Trump’s move to bar institutions from buying family homes, which could delay the market structure bill, Bloomberg reports.

As Republicans look to notch policy wins ahead of the midterms, Trump advisor Patrick Witt says the market structure bill must include compromises to advance in the Senate.

The Republican and Democratic Senate Judiciary leaders have called for changes to the market structure bill, arguing it would “weaken” the ability to police money transmitters.

A top Russian lawmaker says crypto “will be a common occurrence” in the country, with plans for a bill to deregulate the market for retail use.

Senate Banking Committee Chairman Tim Scott says further negotiations to garner bipartisan support for a key crypto-regulating bill are needed before it can advance.

Securities and Exchange Commission chair Paul Atkins voiced strong support for the bipartisan legislation aimed at moving crypto markets out of a regulatory gray zone.