Congress News

The US president's intention to host a dinner for people who purchased millions of dollars worth of his memecoin has contributed to slowing or halting crypto bills in Congress.

The recent vote in the Senate to move the GENIUS stablecoin framework ahead has shown glaring cracks in the Democratic coalition.

Lawyers for the crypto platform tied to the president's family said a call for an investigation and oversight was "fundamentally flawed."

Stablecoins offer a cheaper, faster alternative to legacy global payments systems, the popular investor said at Consensus.

Senator Kirsten Gillibrand says a stablecoin bill will scrap language targeting the Trumps as the Senate will aim to pass it by May 26.

Coinbase CEO Brian Armstrong said the Senate could reconsider a vote on the GENIUS Act "hopefully tomorrow" after it initially failed on May 8.

A bill to regulate stablecoins failed to pass a crucial vote in the US Senate on May 8 in part due to Democratic lawmakers' concerns over Donald Trump's ties to crypto.

Michelle Bond, facing campaign finance charges, is one of the last significant figures tied to cryptocurrency exchange FTX, through her husband, to be awaiting trial.

Democratic leadership walked out of a joint hearing on digital assets, claiming Republicans weren't addressing what they said were US President Donald Trump's conflicts of interest.

California Representative Maxine Waters intends to conduct a hearing to explore whether Donald Trump has personally profited from crypto via his position as US president.

Wyoming Senator Cynthia Lummis reportedly said the reward for Donald Trump's memecoin holders "gives [her] pause" while cozying up to the president's Bitcoin reserve plan.

Lawmakers in the US Senate will reportedly move forward with a vote on the GENIUS stablecoin bill before the Memorial Day holiday.

The House of Representatives and Senate are considering two bills to regulate payment stablecoins with federal and state-level authorities.

The bill aims to set regulatory standards for crypto firms operating in the state and curb "deceptive practices" associated with recent memecoin scams.

“It is clear that the current securities regulatory framework is not a viable option to regulate crypto,” said Rodrigo Seira, special counsel at Cooley LLP.