Congress News

SEC Chair Paul Atkins and CFTC Chair Mike Selig spoke on CNBC on Thursday as debate continued over stablecoin yield in the CLARITY Act.

Lawmakers begin debating amendments to a sweeping digital asset market structure proposal as Congress looks to clarify oversight of crypto markets.

The US financial regulator has just one Senate-confirmed commissioner, leading to lawmakers' concerns about the Commodity Futures Trading Commission's balance and effectiveness.

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.

Severe storm conditions in the United States caused the Senate and other government offices to close on Monday.

The committee released a draft bill in November proposing a regulatory framework, but some lawmakers still have concerns about provisions on DeFi, ethics and stablecoins.

Coinbase CEO Brian Armstrong said the industry is working on several ideas to help community banks in the CLARITY market structure bill.

Many in the industry expect it could be weeks before lawmakers on the Senate Banking Committee return to consider a markup for the CLARITY Act.

It's unclear when US lawmakers will return to address a market structure bill, but CEO David Solomon said Goldman Sachs was monitoring its progress for tokenization and stablecoins.

Brian Armstrong posted on X late on Wednesday saying Coinbase couldn't “support the bill as written,“ potentially leading to a postponement in consideration.

Three House Democrats warned that leaving the SEC's case against the Tron founder unresolved could ”undermine investors’ confidence” in the financial regulator.

Republicans called a digital asset market structure bill a bipartisan effort despite pushback from some Democrats on certain provisions.

“We have never seen financial conflicts or corruption of this magnitude,” Senator Elizabeth Warren says of US President Donald Trump’s links to World Liberty Financial.

With the CLARITY Act scheduled for a markup on Thursday, some lawmakers may still be at odds over decentralized finance, stablecoins and ethical concerns.

Senate Agriculture Committee Chairman John Boozman says he’s delayed work on a crypto market structure bill to have more time to secure bipartisan support.