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US Senator Jeff Merkley, a Democrat from Oregon, recently introduced an amendment to the āOutlaw Big and Beautiful Billā (OBBB) to prevent elected officials from promoting or profiting from cryptocurrencies in which they have a financial stake.Ā However, the approach did not go uncriticized as Senatoā¦
US Senate discussions over President Donald Trumpās mega tax and spending bill could go all night as senators look to tack on amendments, including some that would affect crypto.The Senateās vote-a-rama ā where lawmakers can propose amendments that are rapidly voted on āĀ for the Republicansā One Bigā¦
Bitcoin and Ethereum both posted modest gains in the past week, with BTC rising 6.2% and ETH up by 9.6%. However, momentum appears to have paused at the start of the new week.As of Monday, Bitcoin trades just above $107,000 after a slight 0.6% daily dip, while Ethereum has remained flat over the pasā¦
By Nate WolfFor an asset class touted as a boring alternative to volatile cryptocurrencies like Bitcoin and Ethereum, stablecoins have generated plenty of attention this June.The Senate advanced legislation last week to establish a regulatory framework for stablecoins. Shares of the stablecoin-issueā¦
Jay Clayton, the former chair of the US Securities and Exchange Commission and now interim US Attorney for the Southern District of New York (SDNY), has suggested that prosecutors and defense lawyers may explore a āpotential resolutionā in the criminal case involving Michelle Bond, the wife of formeā¦
US Senator Tim Scott, chair of the Senate Banking Committee, said the chamber would be aiming to pass legislation for digital asset market structure ābefore the end of September.āIn a Thursday āfireside chatā with Wyoming Senator Cynthia Lummis and White House crypto adviser Bo Hines, Scott said āfoā¦
Shares of Circle Internet Group (CRCL) holds the largest weighting in VanEckās digital asset corporate index, highlighting the stablecoin issuerās growing influence in the crypto economy.Circle stock makes up 13% of the MVIS Global Digital Assets Equity Index (MVDAPP), which was developed by a VanEcā¦
Texas Governor Greg Abbott has yet to sign Senate Bill (SB) 21, which would establish a Strategic Bitcoin Reserve (SBR) for the state.On June 20, Abbott signed 306 bills from the 89th Regular Legislative Session, including 15 considered high-priority. One of those measures mandates efficiency auditsā¦
The Senate's approval of a bill to regulate stablecoins brings the U.S. closer to extending its global dollar dominance into the digital age, Deutsche Bank strategist Marion Laboure says in a note. If the bill is enacted, dollar-pegged stablecoins could channel non-dollar liquidity into the dollar, ā¦
With significant bipartisan support, the U.S. Senate passed the landmark GENIUS Act on Tuesday, advancing federal efforts to regulate stablecoins and putting pressure on the House to chart the next phase of the nation's efforts to regulate digital assets.This is the first time the Senate has passed ā¦
JPMorgan Chase has filed a new trademark application in the US for āJPMDā ā signaling a potential expansion of its blockchain and crypto services and amplifying speculation of a stablecoin offering.JPMorganās application to the US Patent and Trademark Office on Sunday outlines a wide range of cryptoā¦
The Trump administrationās more relaxed attitude to crypto doesnāt mean the Commodity Futures Trading Commission will give the industry an easy ride, says the agencyās acting chair, Caroline Pham.āThere is no easy street for anybody, and regulators arenāt easy,ā Pham told Yahoo Finance at the Coinbaā¦