Congress
Framework to Regulate Crypto, Stablecoins Introduced in Congress
CoinDesk's Nikhilesh De discusses the details, reactions, and potential impact of a new bill introduced by Virginia Congressman Don Beyer that could provide regulatory clarity for stablecoins and the broader digital asset sector.
Signature Bank Taps Tether Rival TrueUSD for Payments Platform
CoinDesk’s Nikhilesh De reacts to New York-based Signature Bank adding stablecoin TrueUSD into its blockchain-based payments platform and discusses how TUSD compares to Tether. Review of this week’s congressional hearings on crypto and looking ahead to FATF’s plenary meeting on Monday.
Republican House Campaign Arm to Accept Donations in Crypto
The National Republican Congressional Committee, a fundraising arm for the House Republican Party, will begin accepting cryptocurrency donations via BitPay as the first political body in the U.S. Congress to do so. "The Hash" discusses crypto in politics.
Sen. Cynthia Lummis on Bill to Create First SEC-CFTC Digital Asset Task Force
The U.S. Senate Banking Committee is considering a bill that would create a digital asset working group to ensure collaboration between regulators and the private sector to foster innovation. Pro-bitcoin committee member and Wyoming Senator Cynthia Lummis weighs in on the legislation and how Congress will receive it.
Yellen and Powell Make First Joint Appearance Before Congress
Treasury Secretary Janet Yellen and Fed Chair Jerome Powell make their first joint public appearance before Congress today. Nik De breaks down what we can expect, including an update on the rollout of the CARES Act.
Could Regulatory Clarity Remove Barriers to Crypto Innovation?
Rep. Warren Davidson (R-Ohio), one of the authors of a new bipartisan bill in Congress that aims to provide regulatory clarity to the crypto industry, shares his insights on the current state of governmental regulation. “That’s the thing this space needs, is clarity,” said Davidson. “Not no regulation, but a light touch to provide certainty.”
Congressional Hearings on Domestic Terrorism Avoid Blaming Bitcoin
Many in the crypto world were concerned that, following the January Capitol Hill insurrection, Congress would single out bitcoin as a means of funding domestic terrorism. But according to CoinDesk's Nik De, during Thursday's hearing bitcoin was not singled out. Instead, it was lumped into the same category as other online payments like PayPal. "As far as the crypto industry is concerned, I would say it was a largely positive hearing," De said.
Here’s What Happened at the GameStop Hearings
Key questions remain following yesterday’s GameStop hearing. CoinDesk regulatory reporter Nik De joins “First Mover” to discuss the testimony and next steps.