Lawmakers Launch Powerful Crypto Working Group to Shape US Policy

February 5, 2025 Bitcoin.com

bitcoin.com

U.S. Senate and House lawmakers are uniting to cement America’s dominance in digital assets, crafting a regulatory framework to drive innovation, expand financial access, and secure global leadership. US Senate and House Lawmakers Form Crypto Regulatory Group Lawmakers in Washington D.C. have established a bicameral working group to develop a regulatory framework for digital assets, […]

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US Senator Outlines Congress Goals to Reshape Crypto Regulation Framework

January 20, 2025 Bitcoin.com

bitcoin.com

A top senator is spearheading efforts to regulate cryptocurrencies, prioritizing clear rules for digital assets to boost innovation, protect consumers, and ensure U.S. global competitiveness. 119th Congress: Senator’s Ambitious Plan to Lead US in Crypto Regulation The U.S. Senate Committee on Banking, Housing, and Urban Affairs announced on Jan. 15 that Chairman Tim Scott has […]

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US Lawmaker’s New Role Could Skyrocket America’s Digital Assets Sector

January 17, 2025 Bitcoin.com

bitcoin.com

Tom Emmer’s new appointment in Congress signals a push to foster an environment where digital asset innovation flourishes under pro-technology, American-led values. The Future of Digital Assets: A Powerful New Direction From Congress Congressman Tom Emmer of Minnesota has been appointed Vice Chairman of the Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence. The […]

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Trump’s potential Treasury secretary pick ‘sees no reason’ for US CBDC

January 16, 2025 Coin Telegraph

CBDC

The president-elect cannot officially nominate anyone until after he is inaugurated on Jan. 20, but the US Senate has been holding hearings to question his potential picks.

Scott Bessent, US President-elect Donald Trump’s anticipated pick for the country’s Treasury secretary, faced Senators in a hearing to explain his positions on financial issues.

In a Jan. 16 hearing of the US Senate Committee on Finance, Bessent responded to questions from Republican Senator Marsha Blackburn regarding a US central bank digital currency (CBDC).

The Tennessee lawmaker brought up Chinese officials introducing a digital yuan to foreign attendees at the 2022 Olympics and asked how Bessent could handle a potential digital dollar if officially nominated and confirmed in the Senate.

“I see no reason for the US to have a central bank digital currency,” said Bessent. “In my mind, a central bank digital currency is for countries who have no other investment alternatives. [...] Many of these countries are doing it out of necessity, whereas the US — if you hold US dollars, you can hold a variety of very secure US assets.”

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US Senate Banking Committee chair says crypto framework will be a priority

January 15, 2025 Coin Telegraph

Coin Telegraph

With a Republican majority having taken control of the US Senate in January, Tim Scott said the Banking Committee would have an “open-minded environment” for digital assets.

Republican Senator Tim Scott, recently elected chair of the US Senate Banking Committee, announced that developing a regulatory framework for digital assets would be one of the body’s priorities in the 119th Congress.

In a Jan. 15 notice, Senator Scott said the Banking Committee intended to focus on policies for financial inclusion that “create opportunity” in the US. The committee’s list of priorities included affordable housing, economic national security, oversight and digital assets.

“Under Chair Gensler, the SEC refused to provide clarity to the cryptocurrency industry, which has forced projects overseas,” said Scott. “Moving forward, the committee will work to build a regulatory framework that establishes a tailored pathway for the trading and custody of digital assets.”

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US Senator Declares 2025 the Year for Bitcoin and Digital Assets, Pledges Sweeping Crypto Laws

December 19, 2024 Bitcoin.com

bitcoin.com

U.S. Senator foresees 2025 as a pivotal year for cryptocurrency, highlighting plans for a strategic bitcoin reserve and sweeping pro-crypto legislation under new leadership. Strategic Bitcoin Reserve and Digital Asset Laws Set to Redefine 2025 U.S. Senator Cynthia Lummis (R-WY) reiterated her strong support for cryptocurrency in a post on social media platform X Tuesday, […]

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VanEck Predicts Establishment of US Strategic Bitcoin Reserve Next Year Without Aid of Congress – Here’s How

December 18, 2024 The Daily Hodl

Bitcoin

An analyst at one of the biggest asset managers in crypto thinks the US will establish some form of a strategic Bitcoin (BTC) reserve next year. Matthew Sigel, the head of digital assets research at VanEck, says in a new interview with Natalie Brunell that the reserve might not be generated from Congressional legislation, however. […]

The post VanEck Predicts Establishment of US Strategic Bitcoin Reserve Next Year Without Aid of Congress – Here’s How appeared first on The Daily Hodl.

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Congress Shakeup: New Committee Chair Fuels Crypto Bulls With Digital Asset Agenda

December 15, 2024 Bitcoin.com

bitcoin.com

Rep. French Hill’s election as House Financial Services Committee Chair signals a bullish outlook for crypto investors, with promises of regulatory clarity and innovation-friendly policies ahead. Digital Assets and Fintech Face a Turning Point With Committee’s New Chair Congressman French Hill (R-AR) has been elected as the next Chairman of the House Financial Services Committee, […]

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French Hill to chair House Financial Services Committee in 2025

December 13, 2024 Coin Telegraph

Coin Telegraph

Pro-crypto Arkansas Representative French Hill has taken leadership of the House committee crucial to molding crypto policy in Donald Trump’s administration.

Crypto-friendly Arkansas Representative French Hill, currently the chair of a digital asset subcommittee, will take over leadership of the United States House Financial Services Committee in next year’s new Congress.

“I am humbled that my colleagues have placed their trust in me to lead the House Financial Services Committee as their next Chairman,” Hill said in a Dec. 12 statement.

He added he looked forward to working “in tandem with President Trump and Senate Banking Committee Chairman Tim Scott to bring common-sense economic policies that will produce a new era of American prosperity.”

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Interest groups call on US Senate to confirm Caroline Crenshaw to SEC

December 13, 2024 Coin Telegraph

Caroline Crenshaw

A letter sent to the Senate signed by more than 40 organizations suggested that Donald Trump might not abide by tradition and nominate Democrats to the SEC at all.

Consumer advocacy organization Public Citizen and other interest groups are urging lawmakers in the United States to act and confirm Caroline Crenshaw to a second term at the Securities and Exchange Commission (SEC) before the next Congress is sworn in.

In a Dec. 12 letter to the US Senate, more than 40 organizations asked lawmakers to vote yes on Crenshaw’s nomination, which could have her working at the SEC until 2029.

The Senate Banking Committee was expected to decide on the SEC commissioner’s nomination on Dec. 11 before a postponement, having many questioning whether lawmakers have enough time to confirm Crenshaw in the current session of Congress.

congress