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U.S. President Biden Vetoes Resolution Overturning SEC Guidance

[May 31 5:09 PM] U.S President Joe Biden signed a veto of a House Joint Resolution that would have repealed the Securities and Exchange Commission's (SEC) Staff Accounting Bulletin 121.

U.S. Sen. Wyden: House 'Right' to Pursue Crypto Bill, Late in Session for More Progress

[May 31 11:09 AM] AUSTIN, Texas – Sen. Ron Wyden (D-Ore.), one of the U.S. Senate Democrats who've shown some support for crypto issues, cast doubt Friday that a legislative solution for the industry would move quickly, but he suggested to an audience at CoinDesk's…

U.S. House's Emmer Says Best Hope For Crypto Legislation Is Year-End Session

[May 29 11:56 AM] Despite the crypto industry's high-profile recent wins in Congress, major legislation faces a massive practical roadblock in the Senate, U.S. Rep. Tom Emmer (R-Minn.) acknowledged Wednesday, saying that chamber will want its own say in a big crypto…

FIT21 crypto bill passes US House: Here’s what could happen next

[May 22 7:43 PM] The crypto-regulating bill is headed to a cloudy future in the Senate with no companion bill and faces one of the country’s most prominent crypto critics.

US Senate passes resolution overturning SEC crypto rule on banks

[May 16 11:50 AM] U.S. President Joe Biden said he intended to veto the joint resolution aimed at overturning an SEC rule requiring banks to keep customers’ digital assets on its balance sheets.

Senate Passes Bill to Overturn SEC Rule on Bitcoin And Crypto Custody, Biden Threatens Veto

[May 16 11:18 AM] Moments ago, the Senate passed legislation H.J.Res. 109 that would overturn the SEC's Staff Accounting Bulletin (SAB) No. 121, preventing highly regulated financial firms from custodying Bitcoin and other cryptocurrencies. The legislation passed…

U.S. Senate Votes to Kill SEC's Crypto Accounting Policy, Testing Biden's Veto Threat

[May 16 10:49 AM] The U.S. Senate joined the House of Representatives on Thursday in seeking to erase the controversial Securities and Exchange Commission (SEC) crypto policy known as Staff Accounting Bulletin No. 121, though President Joe Biden has vowed to veto…

House Resolution to Overturn Controversial SEC Rule Likely to Pass in Senate: Sources

[May 15 10:04 AM] A House proposal to revoke the U.S. Securities and Exchange Commission's Staff Accounting Bulletin 121 is likely to pass through the Senate in a vote on Thursday, multiple people familiar with the situation told CoinDesk.

U.S. Senators Question Justice Department's Pursuit of Crypto Mixers

[May 13 11:32 AM] A bipartisan pair of U.S. senators is questioning Attorney General Merrick Garland about the "unprecedented interpretation" of law the Department of Justice (DOJ) is using to pursue cryptocurrency software services as unlicensed money-transmitting…

Senate Urged to Swiftly Overturn SEC’s ‘Misguided’ Crypto Rules

[May 10 5:16 PM] Following the U.S. House of Representatives passing a resolution to overturn the SEC’s Staff Accounting Bulletin 121 (SAB 121), Senator Cynthia Lummis has urged the Senate to do the same. The resolution aims to prevent regulatory overreach that…

Warren Rival for Senate Race John Deaton Argues for Coinbase in SEC Challenge

[Apr 26 12:58 PM] Lawyer-turned-politician John Deaton further reinforced his credentials as an outspoken crypto ally on Friday, filing a friend-of-the-court brief in Coinbase Inc.'s (COIN) effort to get a higher U.S. court to rule on a central question about when a…

Warren Flags Crypto Ties to Child Sexual Abuse in Letter to DOJ, Homeland Security

[Apr 26 9:33 AM] Leading crypto critic U.S. Sen. Elizabeth Warren (D-Mass.) has asked U.S. Attorney General Merrick Garland what tools the federal government needs to crack down on the use of digital assets to perpetrate child sexual exploitation, according to a…

US senators target cryptocurrency use in child abuse trade

[Apr 26 2:39 AM] Senators Elizabeth Warren and Bill Cassidy are asking federal agencies about their technical capacity to combat crypto payments in the sale of child abuse material.

Stablecoin Bill Could Be Ready for the U.S. House Soon Says Top Democrat Maxine Waters: Bloomberg

[Apr 25 1:31 AM] U.S. House Representative Maxine Waters (D-California), the top Democrat on the House Financial Services Committee, told Bloomberg Wednesday "We are on our way to getting a stablecoin bill in the short run.”

Sen. Lummis: It'll Pay to 'Choose Circle Over Tether' Under U.S. Stablecoin Proposal

[Apr 18 12:44 PM] Circle Internet Financial would have a distinct advantage over global stablecoin leader Tether under U.S. regulations along the lines being suggested by new legislation, according to one of the latest bill's authors, Sen. Cynthia Lummis (R-Wyo.).

Elizabeth Warren Demands U.S. CFTC Chair Explain His Chats With SBF

[Apr 15 1:33 PM] The head of the U.S. Commodity Futures Trading Commission (CFTC), Rostin Behnam, had a lot of contact with Sam Bankman-Friend, the disgraced former CEO of FTX, but lawmakers suggest he hasn't been fully forthcoming about those interactions. So…

Crypto Fan Won Ohio Senate Primary That Could Alter the Industry's U.S. Destiny

[Mar 19 8:26 PM] Ohio's U.S. Senate race may be the biggest congressional contest this year for the crypto industry, now pitting a digital assets booster against Sen. Sherrod Brown (D-Ohio), the sitting Senate Banking Committee chairman who has stood in the way of…

Democrats Ask SEC's Gensler to Block Approval of More Crypto ETPs

[Mar 15 2:16 AM] Senators say that retail investors face "enormous risks" from such products because thin order books for some cryptocurrencies.

Crypto Political Operation Targets California's Katie Porter by Undermining Her Base

[Feb 28 8:00 AM] A leading crypto industry political operation, Fairshake, is trying to ensure that the U.S. Senate doesn't get a twin for its chief Washington antagonist Sen. Elizabeth Warren (D-Mass.) by trying to cut the legs from under U.S. Rep. Katie Porter…

Crypto Action in Senate Remains on Back Burner: Sources

[Feb 21 2:36 PM] Despite keen interest from U.S. Senate Democrats such as Elizabeth Warren (D-Mass.) to deal with the illicit movement of funds in crypto, there's no immediate action planned in the committee that would need to get it rolling, according to two…

Did Elizabeth Warren Just Endorse Bitcoin? Not So Fast

[Feb 15 3:43 PM] A stunt from Bitcoin supporters led to the appearance that the U.S. senator and staunch cryptocurrency opponent Elizabeth Warren signed an order for a flag to be flown over the U.S. capitol commemorating Satoshi Nakamoto.

Crypto Political Group Fairshake Targets California Senate Candidate Katie Porter

[Feb 13 1:39 PM] The U.S. crypto industry's most prominent campaign-finance organization, Fairshake, is going after Sen. Katie Porter (D-Calif.), spending a part of its war chest to try to derail the progressive lawmaker.

U.S. Senators Berate SEC's Gensler for Agency's 'Unethical' Handling of Crypto Case

[Feb 8 1:12 PM] The U.S. Securities and Exchange Commission's admission that it misrepresented evidence in a lawsuit against the blockchain project DEBT Box casts doubt on its wider enforcement practices, several Republican senators argued in a letter to Chair…

U.S. Lawmakers Seek to Overturn SEC's Crypto Accounting Policy

[Feb 1 4:17 PM] Members of Congress are trying to delete the controversial U.S. Securities and Exchange Commission accounting bulletin that implies restrictions on companies that want to hold their customer's crypto assets.

Warren’s surveillance legislation is tailor-made to help big banks

[Dec 18, 2023 9:39 AM] Warren's Digital Asset Anti-Money Laundering Act would shut crypto providers down — playing into the hands of the banking industry.

Warren’s Crypto Bill Is Likely Unconstitutional. It’s Also Unlikely to Pass

[Dec 12, 2023 1:54 PM] Democratic lawmakers signed on to sponsor the Digital Asset Anti-Money Laundering Act. The bill is bad for crypto in the U.S., even if it never gets through Congress.

US regulators continue to discuss crypto: Law Decoded, Nov. 13–20

[Nov 20, 2023 3:00 PM] Elizabeth Warren continues pressing for tighter regulation, and Vivek Ramaswamy promises to defend crypto from the government’s overreach if elected.

First deadline window looms for SEC to approve Bitcoin ETFs: Law Decoded

[Nov 13, 2023 3:36 PM] Even if approved by Nov. 17, the spot Bitcoin ETFs are unlikely to come to market for at least a month after approval.

Despite U.S. House Drama, Sens. Gillibrand, Lummis Bullish on Stablecoin Bill and Illicit Finance Legislation

[Oct 24, 2023 11:37 AM] Even as the U.S. House of Representatives is paralyzed by a Republican leadership drama, U.S. Sens. Kirsten Gillibrand (D-N.Y.) and Cynthia Lummis (R-Wyo.) are still pressing to get crypto legislative through.

Crypto Needs Congress, But U.S. Lawmakers Have Opted for Pandemonium

[Oct 9, 2023 8:24 AM] Without the U.S. Congress outlining a clear system of rules, the crypto industry fears it’ll be relegated as a volatile financial backwater. But Capitol Hill is beset by drama, including a U.S. House of Representatives that fired its speaker and a…