Congress News

The Republican-led GENIUS Act saw a raft of changes after bipartisan discussions, and the Senate Banking Committee will vote on the stablecoin bill on March 13.

The new GOP bill comes on the heels of congressional hearings into “Operation Chokepoint 2.0” and bipartisan agreement that debanking should end.

Majority Whip Tom Emmer first proposed banning Federal Reserve banks from using or issuing a digital dollar in 2022.

The new caucus will have the goal of cementing the US’s leadership in the future of digital assets and blockchain innovation.

The claimed significant opportunity stems partly from two pending bills: one intended to regulate stablecoins and another to improve market structure.

The Wyoming Highway Patrol Association has adopted the Proof of Workforce’s “Get Off Zero” initiative and is reportedly exploring adding Bitcoin to its balance sheet.

Representative Stephen Lynch said he worries that without proper crypto regulation, lawmakers are “[inviting] the next financial disaster.”

Industry leaders at a US congressional subcommittee hearing are set to call for clear digital asset regulations to maintain global competitiveness and attract crypto firms.

US House Financial Services Committee ranking member Maxine Waters suggested lawmakers look to bipartisan stablecoin legislation drafted in the 118th session of Congress.

The new majority party cast the former administration’s bank regulators as bullies operating in the shadows, yet surprising agreements were found.

This week's newsletter focuses on "Crypto Mom" Hester Peirce vowing to fix past SEC mistakes.

Representative Al Green, who also called for Donald Trump’s impeachment on Feb. 5, said Operation Choke Point 2.0 was a “fake program” that never existed.

Now under a Republican-controlled US Congress, the Senate Banking Committee focused its efforts on addressing claims the government “bullied” banks into halting services to crypto firms.

Senator Bill Hagerty introduced the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, aiming to regulate US dollar-pegged crypto tokens.

The Republican Party now has control over the United States Senate, the Executive Branch, and the House of Representatives.