US Edition
Senator Says America's $3 Trillion Crypto Market Needs Rules 'Yesterday'—Here's Why Investors Should Care
UNITED STATES, JUL 9 – U.S. lawmakers aim to clarify regulatory oversight through the Clarity Act and GENIUS Act to protect investors and promote market stability, with bipartisan support on key provisions.
- The U.S. Senate Banking Committee held a pivotal hearing on July 9 to address the future of cryptocurrency regulation amid growing market challenges.
- Urgency to advance comprehensive crypto rules arose from investor risks, regulatory confusion, ideological divides, and a September 30 deadline for bipartisan agreement.
- Senators like Tim Scott and John Kennedy debated the Clarity Act while stakeholders including Ripple CEO Garlinghouse pushed for balanced frameworks protecting investors and fostering innovation.
- Garlinghouse stated smart regulations would aid the economy, and Lummis warned U.S. hesitation costs investors millions in legal fees and risks ceding leadership.
- The September 30 milestone pressures lawmakers to finalize flexible yet secure legislation that could sustain U.S. competitiveness in digital assets worldwide.
21 Articles
21 Articles
House’s crypto overhaul faces long haul in Senate
The House is slated to pass a dramatic overhaul of how agencies regulate cryptocurrency next week — but it could be a while until the Senate does the same. Lawmakers initially promised Trump they would pass the revamp, along with a separate bill governing stablecoins, by August. But Republicans on the Senate Banking Committee left a hearing Wednesday with outstanding questions that could take lawmakers months to answer — if not longer. “In terms…
'You're A Wack Job!': John Kennedy Infuriates Democrat Witness During Tense Hearing
Tempers flared on Capitol Hill Wednesday as a Senate Banking Committee hearing meant to examine cryptocurrency legislation erupted into a fiery back-and-forth between Sen. John Kennedy (R-LA) and former White House ethics lawyer Richard Painter. Painter, who served as Associate Counsel to President George W. Bush, has become an outspoken critic of political campaign contributions from the cryptocurrency industry, often taking to social media to …
Watauga Democrat
Senate battles crypto regulation as 'Crypto Week' approaches
(The Center Square) - Senators clashed in a U.S. Senate Banking Committee hearing Wednesday over regulations on cryptocurrency as the House of Representatives prepares to vote on legislation regulating the digital asset next week.
A petition has been launched on the Szabad aHang website "against the legislative amendment criminalizing the use and trading of crypto assets and disproportionately restricting the operation of the sector". The campaign against the rules was launched after Revolut froze crypto trading for domestic users. Similar topics will be discussed at our Banking Technology event on November 4th, registration and details here!
Crypto Regulation: US Senate’s Pivotal Debates on Digital Asset Oversight
The cryptocurrency world is buzzing, and for good reason. A critical juncture has arrived for digital assets in the United States, as lawmakers grapple with the complex task of establishing clear regulatory frameworks. On July 9, the U.S. Senate Banking Committee convened a pivotal hearing, marking...
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