The crypto industry has welcomed the confirmation of American businessman and former US Securities and Exchange Commissioner Paul Atkins as chair of the agency.Atkins’ approval has taken months. He appeared before the Senate on March 27 to explain hi
Two Republicans who received a combined $1.5 million from the crypto-backed political action committee (PAC) Fairshake will enter the US House after winning special elections in Florida.Republican Jimmy Patronis won the vacant seat in Florida’s 1st C
Today in crypto, the Securities and Exchange Commission nominee Paul Atkins faced a Senate confirmation hearing, while a new survey showed that fewer than 1 in 5 European banks currently offer crypto services — despite rising investor demand. Meanwhi
Today in crypto, a new Bitpanda survey revealed less than 20% of European banks offer crypto services despite increasing investor demand and regulatory clarity in the region, the US Senate passed a motion to kill the Internal Revenue Service’s (IRS)
By Kenneth CorbinPaul Atkins, President Donald Trump's nominee to chair the Securities and Exchange Commission, says his "top priority" in that role would be establishing a new framework for cryptocurrency regulation."I've seen how ambiguous and none
Today in crypto, Argentina has introduced new rules for crypto firms. Meanwhile, in the United States, a new bill seeks to formalize former President Donald Trump’s executive order to establish a Strategic Bitcoin Reserve. However, Democrat Represent
It was a week of red in crypto and traditional markets, with bitcoin plummeting below $80K on March 10 and ETH falling to $1,821 the same day. So much for the “Trump Bump.” With the new administration on a tariff-tear this week, the markets were spoo
Bitcoin rises as risk sentiment recovers on optimism that the U.S. could avoid a government shutdown. Senate Minority Leader Chuck Schumer said he would support a Republican funding bill set for Friday afternoon, removing the threat of a government s
After years in which crypto insiders desperately sought to get the attention of the U.S. Congress, the pro-digital-assets witnesses at the latest congressional hearing on stablecoins include a senior executive from the Bank of New York Mellon Corp. a
The US Senate has passed a resolution to repeal a Biden-era rule that would require decentralized finance (DeFi) protocols to report to the Internal Revenue Service (IRS).The Senate voted 70 to 27 on March 4 to approve a motion to repeal the rule tha
Former FDIC board member Jonathan McKernan is being questioned on Thursday by the Senate Banking Committee on whether he is fit to lead the Consumer Financial Protection Bureau (CFPB). McKernan recently stepped down from the Federal Deposit Insurance
US lawmakers in the House of Representatives have advanced a resolution to repeal the “DeFi broker rule,” requiring brokers to report digital asset transactions to the Internal Revenue Service.Set to take effect in 2027, the IRS regulation approved o
By Dave Michaels and Vicky Ge HuangRegulators have agreed to drop a lawsuit against Coinbase that sought to regulate the company as a stock exchange, marking the end of years of hard-line enforcement against the crypto market.Coinbase said Friday tha
The Texas Senate, the upper house of the state's legislature, is on track to hold a public hearing on the implementation of a strategic Bitcoin reserve on Tuesday. The bill (SB21) was introduced by Senator Charles Schwertner earlier this year. Texas
Tether may have to sell non-compliant assets — including bitcoin, precious metals, corporate paper and secured loans — to comply with proposed U.S. stablecoin regulations, according to JPMorgan analysts.The U.S. has introduced two stablecoin bills —
Rostin Behnam, who chaired the US Commodity Futures Trading Commission (CFTC) from 2021 to 2025, has stepped down as commissioner for the financial regulator without a potential replacement nomination from President Donald Trump.In an X post, Behnam
US Representatives French Hill and Bryan Steil have released a discussion draft for a bill that would establish a regulatory framework for dollar-pegged payment stablecoins in the United States.The legislation would impose a two-year moratorium on is
A Wall Street watchdog group is pushing back against the narrative in a US House Financial Services Committee (HSFC) hearing into claims crypto was “in the crosshairs” of certain financial regulators.In a written statement released ahead of a Feb. 6
The opening shot is being been fired in the new Congress' crypto push with a plan for a Tuesday introduction of a stablecoin oversight bill from Senator Bill Hagerty. The legislation would set up a U.S. regulatory framework for issuing the dollar-den
Union groups have sued the US Treasury, accusing it of breaking federal laws by giving Elon Musk’s Department of Government Efficiency enforcers access to sensitive financial and personal information.The American Federation of Labor and Congress of I