Congress


Policy

House Votes to Erase SEC Crypto Policy While President Biden Vows Veto

The House of Representatives voted in favor of a resolution to oppose the SEC's crypto accounting policy, Staff Accounting Bulletin No. 121, as President Biden defends it.

President Joe Biden is threatening to veto an effort in Congress to overturn the Securities and Exchange Commission's crypto accounting policy. (Chip Somodevilla/Getty Images)

Policy

House's McHenry Accuses SEC Chief Gensler of Misleading Congress on Ethereum

The chairman of the House Financial Services Committee says Gensler refused to discuss his view on ETH in testimony even after the SEC was investigating it as a security.

SEC Chair Gary Gensler in Washington on Oct. 25, 2023 (Jesse Hamilton/CoinDesk)

Policy

Stablecoin Bill Unlikely to Get Pinned to FAA Reauthorization, Putting Effort On Hold Again

A flash of hope that an FAA bill could carry U.S. stablecoin rules across the finish line has been momentarily dashed as congressional leaders were said to ward off amendments.

Sheila Warren writes Sam Bankman-Fried's case is a "tale as old as fraud." (Jesse Hamilton/CoinDesk)

Policy

Stablecoin Bill Could Be Ready for the U.S. House Soon Says Top Democrat Maxine Waters: Bloomberg

Waters has previously called a version of the stablecoin bill “deeply problematic and bad for America."

Capitol Hill building, Washington DC (Darren Halstead/Unsplash, modified by CoinDesk)

Policy

What’s at Stake for Crypto in India as the World’s Largest Democracy Is in the Midst of Its National Election?

Crypto’s significance as an election issue remains non-existent or at best negligible.

Indian flag, elections, ballot box, casting vote. (Gettyimages/btgbtg)

Policy

Crypto PAC Spent Millions to Get Alabama Candidate on Path Toward Congress

Shomari Figures just won the Democratic primary in Alabama after $2.7 million in outside support from one of the digital assets industry's main campaign-finance operations.

Crypto industry support may have helped lift Shomari Figures to his win in an Alabama congressional primary this week. (Courtesy of Figures for Congress)

Policy

Crypto-Skeptic Sen. Sherrod Brown Is Open to Advancing Stablecoin Legislation, Bloomberg Reports

In the House, Rep. Patrick McHenry recently said he remained optimistic about getting a U.S. stablecoin law passed.

U.S. Sen. Sherrod Brown (Drew Angerer/Getty Images)

Policy

Lummis: Crypto Will Erupt as Big Issue in Senate Races Including Banking Chair Brown's

Sen. Cynthia Lummis said there's an effort underway to ensure Republicans trying to take seats from Democrats on the Senate Banking Committee are versed in crypto advocacy.

U.S. Senator Cynthia Lummis (R-Wyo.) is one of the lawmakers asking for more information after the SEC's X account was compromised on Tuesday. (Shutterstock/CoinDesk)

Policy

Key Congressman McHenry Is Bullish U.S. Stablecoin Law Will Pass This Year

The window is narrowing for legislation to set up rules for stablecoin issuers in 2024, but the retiring chairman of the House Financial Services Committee says it can be done.

U.S. Rep. Patrick McHenry says the stablecoin legislative debate is still moving forward this year. (Nikhilesh De/CoinDesk)

Policy

House Republicans Demand SEC Explain What's Up With Crypto Platform Prometheum

The chairmen of two House committees want SEC Chair Gary Gensler to describe how the first special purpose crypto broker-dealer can legally handle ETH.

Coinbase is getting set to tell a judge why the U.S. Securities and Exchange Commission, under Chair Gary Gensler, has improperly picked a legal fight with the exchange. (Jesse Hamilton/CoinDesk)