Congress News

Smart money traders have also added $8.5 million worth of net long Bitcoin positions, signaling growing optimism among the industry’s most successful traders.

The Senate Agriculture Committee has released a draft bill outlining the proposed regulatory jurisdiction of the country’s two main financial market regulators.

Some Republicans’ initial plans to have crypto market structure out of committee by November have been sidetracked by the government shutdown.

Coinbase insists that the US Treasury cannot override Congress’s intent on the GENIUS Act, but banks continue to press for a blanket ban on stablecoin interest.

Prediction markets show waning confidence in Trump’s tariff authority, with both Kalshi and Polymarket traders bracing for limits on executive power.

Some experts suggest that the US Senate is more likely to pass a funding bill to reopen the government before any crypto legislation.

With the end of October approaching, Senate Republicans are in danger of going back on their previously announced deadline for a significant cryptocurrency bill.

Seven Senate Democrats asked the US attorney general and the DOJ to explain President Trump’s pardon of Binance co-founder Changpeng Zhao, calling it a corrupt move.

Amid a US government shutdown with no end in sight, a Republican lawmaker said Congress had only until January or February to pass crypto legislation.

White House adviser Kevin Hassett says the US government shutdown will likely end this week, which could restart crypto regulatory progress.

The crypto framework law in the Senate is now on pause as lawmakers debate possible new amendments.

Senate Republicans initially said they planned to pass digital asset market structure before 2026, but consideration of the bill was already delayed before the shutdown.

The US national debt is nearing $38 trillion, with many more now seeing Bitcoin’s appeal as a viable alternative to the dollar.

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.