News list for "sena"
Wyoming Rep. Harriet Hageman recently released a mysterious video of "Soon" (coming soon), sparking speculation that he may run for the 2026 Senate seat. Previously, incumbent Senator Cynthia Lummis announced that she will not seek re-election. As a strong supporter of the cryptocurrency industry, Lummis has promoted several blockchain legislation such as the Responsible Financial Innovation Act, and his departure will deprive the crypto industry of important allies. Although Hageman has not yet...
According to Cointelegraph, Wyoming Republican Senator Cynthia Lummis, who has long promoted cryptocurrency legislation, has announced that she plans to spend the remainder of her term pushing for the crypto market structure bill to be officially signed into law.
The cryptocurrency industry held another meeting with members of the U.S. Senate who are working on a market structure bill. The legislation will re-enter the negotiating stage in January, which is also the last important opportunity for industry representatives to clarify their position in the negotiations this year. Participants said it was the last chance to clarify positions in 2025, such as DeFi's protections for software developers. They said that while no new consensus was reached, it lai...
Elizabeth Warren, the ranking Democrat on the US Senate Banking Committee, has called for a national security investigation into some DeFi platforms, focusing on their potential links to Trump's business interests. In her letter to Treasury Secretary Scott Bessant and Attorney General Pam Bundy, Warren named PancakeSwap, saying it could amplify World Liberty related to Trump.
The U.S. Senate has taken a key step in confirming the nominations for the chairpersonship of the Commodity Futures Trading Commission (CFTC) and the Federal Deposit Insurance Corporation (FDIC). Trump's nominees for CFTC chairperson Mike Selig and FDIC chairperson Travis Hill have passed a 52-47 procedural vote to pave the way for final confirmation. A Senate majority spokesperson expects a final vote could take place early next week. Selig, who previously oversaw crypto at the SEC, will succee...
Crypto journalist Eleanor Terrett posted on the X platform that US Senator Mark Warner has informed that it is "very difficult" to complete the review of the Cryptocurrency Market Structure Act before the Christmas holiday, as they are still waiting for feedback from the White House on key parts of the bill. However, Mark Warner added: "Sooner or later, my fellow Republicans will have to make a decision on this bill, which is the bill proposed by the White House and the decision of Congress. At ...
Bank of America CEO Brian Moynihan, Citigroup CEO Jane Fraser, and Wells Fargo CEO Charlie Scharf are scheduled to meet with senators from both parties on Thursday to discuss cryptocurrency market legislation that could soon be put to a vote. The discussion, organized by the Financial Services Forum, a consortium of major banks, is expected to focus on bankers' opposition to allowing stablecoins to pay interest, as well as the ability of banks to compete in the cryptocurrency space and prevent t...
According to Cointelegraph, Tim Scott, chairperson of the US Senate Banking Committee, said that the crypto market structure bill is planned to be flagged in December, with the goal of sending it to President Trump for signature in early 2026 to make the United States the "cryptocurrency capital of the world". The bill aims to clarify the crypto regulatory powers of the CFTC and SEC.
Senator Todd Young, Republican of Indiana, has sent a letter to Secretary of the Treasury Scott Bescent urging the Internal Revenue Service (IRS) to revisit and consider its 2023 guidance on the tax treatment of cryptocurrency staking rewards. As a member of the Senate Finance Committee, Senator Young questioned the reasonableness of the current rule requiring cryptocurrency holders to pay taxes when they "receive" staking rewards, rather than when they "sell" them. A staking is when cryptocurre...
According to crypto journalist Eleanor Terrett, citing sources, John Boozman (R-Arkansas), chairperson of the U.S. Senate Agriculture Committee, said in an interview with Bloomberg that his committee is planning to move forward with the markup of the Digital Asset Market Structure Act in early December. Boozman pointed out that due to the impact of the government shutdown, the progress has been slightly delayed, but "the committee is still committed to complete the progress in early December".
