House Republicans Advance Bill to Block Federal Digital Dollar Development
The House Financial Services Committee has approved legislation preventing the Federal Reserve from creating a central bank digital currency (CBDC), citing privacy concerns. The CBDC Anti-Surveillance State Act, led by Rep. Tom Emmer, aims to protect citizens from potential government surveillance of financial transactions.
U.S. Congress Takes Major Step Toward Digital Asset Clarity with Securities Bill
Representatives Tom Emmer and Darren Soto have reintroduced bipartisan legislation to establish clear regulatory guidelines for digital assets through the Securities Clarity Act. The bill aims to differentiate between digital assets and securities contracts while maintaining consumer protections and fostering innovation.
Congress Probes FDIC's Crypto Banking Restrictions in Major Regulatory Investigation
House Oversight Committee demands unredacted documents from FDIC regarding alleged suppression of cryptocurrency businesses through banking restrictions. Chairman James Comer leads investigation into potential regulatory overreach that may have unfairly targeted the crypto sector and pushed innovation overseas.
Congressional Showdown: Waters Introduces Rival Stablecoin Regulation Bill
Representative Maxine Waters challenges Republican proposal with comprehensive stablecoin legislation requiring strict reserves and registration requirements. The bill, developed with input from Treasury and Federal Reserve, aims to protect consumers while fostering innovation in digital assets.
Tom Emmer Named Vice Chair of Digital Assets Subcommittee, Signaling New Era for Crypto Oversight
Rep. Tom Emmer's appointment as vice chairman of the House Digital Assets Subcommittee marks a significant shift in cryptocurrency regulation leadership. His strong pro-crypto stance and track record of legislative initiatives, including the CBDC Anti-Surveillance State Act, position him to shape the future of digital asset policy.
Senate to Launch Historic Cryptocurrency Subcommittee Under Lummis Leadership
The U.S. Senate Banking Committee is establishing its first-ever cryptocurrency subcommittee, with Senator Cynthia Lummis expected to lead the groundbreaking initiative. This watershed development aims to craft balanced oversight frameworks that protect consumers while fostering innovation in the rapidly evolving digital asset sector.
Pro-Crypto Majority Takes Hold: 119th Congress Makes History
The 119th United States Congress marks a pivotal shift with 298 pro-crypto lawmakers from both parties, making it the most cryptocurrency-friendly legislature in history. Ripple CEO Brad Garlinghouse highlights this watershed moment as crypto companies prepare to work with lawmakers on transformative policies and regulatory frameworks.