Share this article

U.S. Senate Banking Committee Sets Hearing on Crypto Legislation Next Week

The congressional committee that was a roadblock in the previous session has scheduled a Feb. 26 hearing on "bipartisan legislative frameworks" for crypto.

Updated Feb 21, 2025, 6:01 p.m. Published Feb 21, 2025, 4:37 p.m. 1 min read
FastNews (CoinDesk)

What to know:

The U.S. Senate Banking Committee has scheduled a hearing to discuss bipartisan digital assets legislation next week, the panel announced.

This Senate committee was the one that became a bottleneck in the previous congressional session, but it's now run by Senator Tim Scott, a South Carolina Republican who supports crypto.

The hearing will feature testimony from witnesses including lawyers from Kraken and Lightspark.

More For You

White House at night (Credit: Tabrez Syed on Unsplash/Modified by CoinDesk)

The proposal could shape how Kalshi, Polymarket, and other event-contract platforms operate as states challenge the CFTC’s authority.

What to know:

  • The White House’s Office of Information and Regulatory Affairs has begun reviewing a proposed CFTC rule on prediction markets, a key step in the federal regulatory process.
  • The move signals the CFTC is advancing toward a broader federal framework for event contracts, including those tied to elections, gaming and sports,...