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Speaking at a hearing, US Treasury Secretary Scott Bessent suggested support for two crypto-related bills moving through Congress.Bessent addressed lawmakers at a May 7 hearing of the House Financial Services Committee, saying that the United States should be the “premier destination for digital ass…
House Democrats boycotted a planned hearing on Tuesday to debate how the cryptocurrency industry should be regulated following tensions over President Donald Trump's digital asset entanglements.The hearing titled "American Innovation and the Future of Digital Assets: A Blueprint for the 21st Century…
The new “Digital Asset Market Structure Discussion Draft” introduced by House Republicans on May 5 could work to reduce the dominance of large crypto firms and promote more participation in the broader market, according to an executive from Paradigm. The discussion draft, led by the House agricultur…
The following is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.Happy Monday! April didn't just have Token2049 held in Dubai – it's also the month of record-high mentions of "cryptocurrency" and "stablecoins" in Securities and Exchange Commission filings. Maybe…
US President Donald Trump’s crypto businesses are drawing increased scrutiny on Capitol Hill and beginning to influence the progress of US digital asset legislation. As Republican lawmakers in the US House of Representatives unveiled their draft of a digital asset market structure bill on May 5, Dem…
House Democrats are reportedly planning to walk out of a joint congressional hearing on cryptocurrency legislation scheduled for Tuesday as pressure mounts over concerns about President Donald Trump's forays into digital assets.Punchbowl News and Politico reported Monday that Rep. Maxine Waters of C…
Today in crypto, the US Department of Justice has requested a 20-year prison sentence for Alex Mashinsky, the co-founder and former CEO of defunct crypto lender Celsius, a crypto group petitioned the White House to drop charges against crypto devs, including Tornado Cash’s Roman Storm, and Arizona’s…
As the regulatory "air pocket" weighing on the crypto industry potentially nears its end, Benchmark sees Coinbase as well positioned to benefit.The investment banking and financial services firm has initiated coverage on COIN, setting a $252 price target based on a 21x multiple of projected 2026 ear…
The following is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.Happy Friday! It's been a largely quiet day thanks to Good Friday today and Easter this weekend. The crypto market rebounded somewhat, with bitcoin hovering just below $85,000 as of writing.In toda…
Arizona's Strategic Digital Assets Reserve Bill, or "SB 1373," passed the House committee on Thursday. It now awaits a third reading and a full floor vote before reaching the governor's desk for final approval.The SB 1373 bill proposes the creation of a digital assets strategic reserve fund, which w…
Bank of America CEO Brian Moynihan’s statement that he’s prepared to issue a stablecoin if Congress provides a regulatory framework didn’t just grab headlines — it underscored how seriously America’s banking sector is now taking digital assets.Now, as Congress debates stablecoin legislation, a high-…
The US is exploring many ways to increase its Bitcoin reserve without taxpayer dollars, including through tariff revenue and revaluing the government’s gold certificates, according to the executive director of the Trump administration’s crypto council.“We're looking at many creative ways, whether it…