Senate

Treasury Secretary Scott Bessent told a Senate panel Wednesday that passing comprehensive crypto legislation is vital to maintaining U.S. financial leadership.

Bitcoin rose to around $76,000 as whales accumulated 45,000 BTC and institutional inflows surged, while U.S. officials including Kevin Warsh and Admiral Paparo signaled growing acceptance of Bitcoin in finance and national security.

Admiral Samuel Paparo of U.S. Indo-Pacific Command told the Senate Armed Services Committee that Bitcoin is a “valuable computer science tool as power projection."

Kevin Warsh, President Donald Trump’s nominee to lead the Federal Reserve, has reported an equity stake in Bitcoin payments startup Flashnet.

Crypto and banking industry representatives will review a revised stablecoin yield proposal this week as lawmakers try to resolve a months-long dispute over whether stablecoin issuers should be allowed to offer yield.

The Senate Agriculture Committee advanced a crypto market bill 12-11 along party lines.

The White House is reportedly convening banking and crypto executives on February 2 to revive stalled U.S. crypto legislation, after Senate progress on market-structure rules collapsed earlier this month.

The bitcoin price rebounded above $90,000 as traders weigh the looming Fed rate decision.

The Senate’s crypto market structure bill is likely to be pushed back for weeks after Coinbase withdrew its support, prompting the Banking Committee to shelve the legislation and pivot to housing priorities.

U.S. Senate Democrats are reportedly set to reopen talks with representatives from the cryptocurrency industry on Friday regarding the CLARITY Act.