Congress

'Quite Unlikely' Crypto Legislation Gets to President's Desk in Current Congress: Former Sen. Toomey
Though the digital assets industry is desperate for regulatory clarity in the U.S., and is fighting legal skirmishes with the SEC while it waits for answers, the long-awaited congressional solution isn’t coming any time soon, according to former U.S. Senator Pat Toomey. "It's quite unlikely that legislation gets all the way to the President's desk and signed into law in this Congress. However, there is real important progress being made," Toomey said.

Senator Warren’s Crypto Money Laundering Bill Builds Momentum as More Sign On
Among nine new supporters of the legislative effort to ward off illicit uses of crypto are Democratic chairs of the Homeland Security and Judiciary committees.

CFTC Commissioner Pitches Pilot Program for U.S. Crypto Regulation
Commissioner Caroline Pham is outlining a “time-limited” program to start allowing regulated crypto markets and tokenization, an approach she says has precedents.

SEC’s Gensler Should Be Focus of More Hearings on Treatment of Crypto: U.S. Senator
Sen. Bill Hagerty, a Republican on the Senate Banking Committee, says the panel should be digging into the interactions between the securities regulator and the digital assets sector.

The FIT Act Is the Most Comprehensive Crypto Regulation Ever Voted on by Congress
A bipartisan vote sends a clear message from Washington D.C. — crypto is here for good.

Crypto Mining Gets Its Own Lobbying Voice in Washington
Digital miners are creating the Digital Energy Council to advocate for their interests among politicians.

PayPal’s Stablecoin Is No Libra. Why the Timing Feels Right
Like Facebook's ill-fated Libra project, PYUSD is getting some pushback in Washington. But its prospects seem more promising, says Michael J. Casey.

Is Sam Bankman-Fried Going to Jail?
Federal prosecutors are fed up with what they say are his repeated attempts to influence witness testimony. He maintains he’s just trying to defend his reputation.

Don’t Pop the Champagne on U.S. Crypto Bills – Progress in Congress Has Been Costly
Though the industry legislation has reached unprecedented heights, the wins may be too messy to open a path to the finish line this year.

Coinbase CEO Brian Armstrong to Meet House Democrats About Crypto Legislation: Bloomberg
Armstrong will meet privately with Congress members from the New Democrat Coalition.

