Congress News

Two bipartisan bills to protect the data of all Americans were blocked by Senator Ted Cruz, who argued it may affect law enforcement efforts to track down criminals.

A Bloomberg ETF analyst said the Tuttle Capital Government Grift ETF could launch this week, allowing retail investors to make similar trades to US Congress members.

US President Donald Trump’s son Eric told the New York Post that stablecoins could “save the US dollar,” and defended his family’s crypto ventures.

No scheduled consideration of a market structure bill had appeared on Senate calendars as of Wednesday, as some Democrats could challenge what is expected to be a tight vote.

Responding to a report about crypto ATM fraud in Wyoming, Senator Cynthia Lummis said the chamber’s market structure bill could address specific risks.

Nine US lawmakers asked the SEC to move forward on last month’s executive order to speed up the inclusion of alternative assets like crypto in US retirement funds.

A Republican-backed bill to create a market structure for digital assets is expected to head for a vote in the Senate Banking Committee soon.

Lawmakers in the US House of Representatives and Senate met with cryptocurrency industry leaders in three separate roundtable events this week.

The House Rules Committee could add the CBDC bill to the final version of the market structure bill, but it may not impact the Senate’s own version of the legislation.

Lawmakers are faced with a choice to block the creation of a US digital dollar due to privacy concerns, though critics argue the fight is more about politics.

The bill would require the central bank to buy 2,000 Bitcoin annually over five years and hold the assets for at least two decades.

The House slipped a provision banning the Federal Reserve from issuing a digital currency into an almost 1,300-page bill on defense policy.

The Wyoming lawmaker is one of the Republicans taking the lead to pass market structure in the US Senate.

The CLARITY Act awaits Senate consideration in September, with Senator Tim Scott saying he expects 12 to 18 Democrats to back the market structure bill.

US banking groups have urged Congress to close a so-called loophole letting stablecoin issuers offer yields through affiliate firms, fearing it undermines the banking system.