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Trump budget reaction, reconciliation work headline this week at Capitol
- President Donald Trump released a 'skinny' version of his fiscal 2026 budget request on Friday, ahead of Capitol Hill hearings this week.
- The budget release and ongoing House reconciliation markups come amid disputes over proposed cuts that even some Republicans, including Senator Susan Collins, question.
- Meanwhile, Senate Republicans prioritize the GENIUS Act, stablecoin regulation legislation led by Senator Bill Hagerty, aiming to modernize payments and secure U.S. Dollar dominance.
- However, nine Senate Democrats, led by Ruben Gallego, oppose the bill's current version due to insufficient safeguards on anti-money laundering, national security, and issuer accountability.
- This partisan disagreement casts doubt on the legislation's near-term prospects and suggests that bipartisan negotiation will be crucial for advancing stablecoin regulation and budget measures.
25 Articles
25 Articles
The Columbian
Trump budget reaction, reconciliation work headline this week at Capitol
WASHINGTON — Lawmakers will be discussing and debating budgets, appropriations and reconciliation this week — and the Senate may open a debate on regulating digital assets known as stablecoins. Read more...
Senate Dems divided ahead of key crypto vote
The NewsSenate Democrats are pumping the brakes on legislation that would create rules for stablecoins, a type of cryptocurrency pegged to assets like the US dollar, ahead of a key vote expected as soon as Thursday. Following reporting that an Emirati fund would strike a deal with the Trump family’s crypto firm, Senate Majority Leader Chuck Schumer urged colleagues in a regularly scheduled meeting Thursday against putting their weight behind the…
Congress looking at pieces of farm bill in reconciliation package - Brownfield Ag News
Congress is considering putting parts of a new farm bill in its budget reconciliation package. U.S. Senator Chuck Grassley says those pieces include the Supplemental Nutrition Assistance Program and Title One commodity support programs. “It’s still unclear whether these farm bill components can pass the Byrd Rule. However if there is a change to the […] The post Congress looking at pieces of farm bill in reconciliation package appeared first on …
Chairmen Hill & Steil Create Pathway to Preserve American Financial Dominance
“If we get this right, it sets us up to be able to outcompete the rest of the world.” WASHINGTON, DC – U.S. House of Representatives Financial Services Committee Chairman French Hill (AR-02) and Administration Committee Chairman Bryan Steil (WI-01) appeared before a breakfast meeting of The Ripon Society this past Thursday morning to discuss the legislation they are developing to establish regulation of payment stablecoins, the Stablecoin Transp…
Latest Stablecoin Showdown: Crypto Bill Faces Collapse as Senate Democrats Withdraw Support in Cryptocurrency - Doulitsa Press Release Submission
You are here: Home / News / Stablecoin Showdown: Crypto Bill Faces Collapse as Senate Democrats Withdraw Support Nine Senate Democrats who previously backed the bill now oppose it, citing unresolved concerns. The U.S.’s first stablecoin regulatory framework faces collapse just days before a key Senate vote. While GOP leaders push for U.S. crypto dominance, Democrats demand stricter safeguards, and Trump-linked stablecoin plans add political tens…
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