U.S. Senate

U.S. Senate

Policy

Senate Banking Committee cancels crypto market structure markup

The committee's Republican chairman, Tim Scott, had pushed for a quick process before it collapsed under the weigh of unfinished business.

Senators Cynthia Lummis and Tim Scott, and White House crypto adviser Bo Hines (Jesse Hamilton/CoinDesk)

Policy

Senate banking chairman Scott: Trump-tied ethics clash doesn't belong in his crypto bill

Senator Tim Scott, chairman of the Senate Banking Committee, told CoinDesk that he hopes to advance the crypto market structure bill, but some issues are unresolved.

Senator Tim Scott (Jesse Hamilton/CoinDesk)

Policy

Senators pitch more than 75 amendments for crypto bill, including on yield, DeFi sections

A list of amendments — some of them far afield — is circulating for the planned markup hearing of the crypto market structure bill.

U.S. Capitol Building (Jesse Hamilton/CoinDesk)

News Analysis

How a battle with bankers tarnished crypto's market structure bill near the finish line

The crypto industry contends that Wall Street giants stood behind community banks to undercut digital competitors before they could get a major legislative win.

Coinbase CEO Brian Armstrong at the White House

Policy

Crypto crowd could still walk away from U.S. market structure bill if DeFi needs unmet

There are red-line demands from decentralized finance — and backed by the rest of crypto — that remain unknowns as senators finish the draft they'll vote on.

The U.S. Capitol.

News Analysis

This is what's (currently) in the way of U.S. crypto market structure bill harmony

Though consequential Senate committee votes may be coming, the talks over the bill's language haven't yet satisfied fundamental requests from Democrats.

Senators Cynthia Lummis and Tim Scott, and White House crypto adviser Bo Hines (Jesse Hamilton/CoinDesk)

Policy

DeFi, ethics disputes remain in Senate crypto bill ahead of Jan. 15 vote

The Senate is approaching a potential markup that may advance crypto legislation to a vote, and industry insiders are amassing for a lobbying push this week.

U.S. Congress (Jesse Hamilton/CoinDesk)

Policy

Crypto bill markup expected next week as pressure mounts before shutdown deadline

Senators met to restart the high-stakes negotiation over the crypto market structure bill, and one of them reportedly said a markup is planned next week.

Senator Scott, chairman of the Senate Banking Committee

Policy

A few Republicans have crypto's destiny in their hands at the SEC, CFTC

After holiday leadership shifts, the two U.S. markets regulators — the SEC and CFTC — are now run only by pro-crypto Republicans, with Congress still debating.

SEC GOP contingent

Policy

Crypto's closest ally in Congress, Sen. Lummis, is retiring next year

The most tireless advocate of digital assets issues in the U.S. Senate said she's grown too tired to keep at it, leaving her Republican seat in play next year.

U.S. Senator Cynthia Lummis (Jesse Hamilton/CoinDesk)