News list for " US Congress"
The US Capitol recently held a "cryptocurrency blitz" conference, with both parties holding roundtable discussions with industry leaders. White House crypto and AI czar David Sacks said passing market structure legislation is the administration's top priority this year. At the Democratic conference, senators acknowledged that cryptocurrencies offer opportunities to voters who have been unfairly treated under the traditional banking system, but Arizona Senator Gallego leaked his support over the ...
According to the Congressional Budget Office (CBO), 750,000 employees could be furloughed each day during the shutdown.
On June 5th, Avery Ching, CEO of Aptos Labs, was invited to attend a US congressional hearing yesterday, arguing that digital assets are not just a speculative tool, but a neutral infrastructure that is driving the development of the next generation of Internet. Such infrastructure is transparent, programmable, open and verifiable, and gradually evolves into a global digital public facility. Avery pointed out that digital assets are being used by traditional institutions.
Congressional Budget Office (CBO): House GOP tax bill expected to add $2.40 trillion to debt by 2034.
Congressional Budget Office (CBO): House GOP tax bill expected to add $2.40 trillion to debt by 2034.
Avery Ching, CEO of Aptos Labs, will testify at a hearing in the House of Representatives on June 4, US time, to share his unique perspective on building blockchain infrastructure. The theme of the hearing is "The Future of American Innovation and Digital Assets: From Blueprint to Practical Framework", which aims to promote the development of a clear and practical legislative framework for the structure of digital asset markets. As one of the very few Layer 1 blockchain technology experts invite...
Trump hinted at support for banning U.S. lawmakers from trading stocks.
On March 27th, BTC broke through $87,500 and is now reported at $87,360. The rally was affected by the US Senate's vote to repeal the Biden administration's crypto tax rules. The bill is expected to be signed by Trump and become the first formal cryptocurrency bill in the United States, bringing good news to the market. Trump also publicly supported Bitcoin, praised the Bitcoin Act advocate Cynthia Lummis, and emphasized that it would promote the United States to become the global cryptocurrency...
The Congressional Research Service (CRS) has released a report on Federal Reserve policy issues that addresses cryptocurrency and digital currency topics and outlines a number of policy issues that Congress may want to consider, including: Whether cryptocurrency companies and other non-traditional companies with federal or state banking licenses should be granted direct access to the Federal Reserve's discount window and master account. It is reported that the Federal Reserve has previously refu...
The Congressional Budget Office (CBO) said it expects real U.S. GDP growth of 1.9 percent in 2025, down from a 2.0 percent forecast in June, and forecasts an average annual growth rate of 1.9 percent between 2024 and 2034.
