Congress | Crypto

Corporate political donations hit a record $646 million over the 18 months through June, according to Public Citizen's analysis of FEC filings. Crypto political spending led every other corporate sector at $206 million, while crypto, AI, and online betting together accounted for $344 million, more than half the total. The GENIUS Act already created a […] The post What the $344M crypto political spending spree wants from Congress next appeared first on CryptoSlate.

The SEC proposal and Congress’s unfinished ancillary-asset framework diverge on who qualifies, what investors can enforce and how overlapping rules would interact. The post Why the SEC’s $75 million crypto path is not the same deal Congress is offering appeared first on CryptoSlate.

Polymarket Trump impeachment odds diverge sharply as traders price different Congresses, midterm results and the House’s role in proceedings. The post Polymarket Trump Impeachment Odds Turn on Control of Congress appeared first on Cryptonews.

President Donald Trump said on Aug. 20 that the US is considering accumulating sizable amounts of Bitcoin and other cryptocurrencies. Current law gives his administration several ways to increase federal crypto holdings, though no public authority gives Treasury a funded program for multibillion-dollar open-market purchases. For Bitcoin, Trump's 2025 executive order already directs Treasury and […] The post Trump wants the US to become a Bitcoin whale, but Congress controls the wallet appeared first on CryptoSlate.

CFTC Chair Michael Selig said on Aug. 4 that the agency has crypto rule proposals ready and plans to finalize them before the current administration ends, regardless of whether Congress passes the CLARITY Act. SEC Commissioner Hester Peirce has separately said the SEC can keep pursuing meaningful crypto rulemaking even if Congress fails to act. […] The post SEC and CFTC plans to write crypto rules without Congress – but they can’t make them permanent appeared first on CryptoSlate.

Section 20216 of the latest CLARITY draft states that a self-custodied digital asset cannot become abandoned, unclaimed, or forfeited. It also cannot become subject to adverse possession or finder's title solely because its owner has not moved it or otherwise shown continued interest. The language overrides state and local laws that treat years of wallet […] The post Lawsuit claims 3.8M dormant BTC using police lost-and-found rules as Congress races to stop it with CLARITY appeared first on CryptoSlate.

Congress just blocked the Federal Reserve from issuing a CBDC, and the companies benefiting most are private stablecoin issuers like Circle and Tether. The 21st Century ROAD to Housing Act passed the Senate 85-5 on June 22 and cleared the House 358-32 the next day, and folded inside that housing package is a four-year ban […] The post Congress blocks introduction of any CBDC in the next 4 years – but the fight over digital money is just starting appeared first on CryptoSlate.

As Congress prepared to celebrate the president's signing of the bipartisan housing bill that contains a CBDC prohibition, Trump abruptly cancelled the event.

Protect Progress spent $5.5M to flip a 24-candidate Maryland primary, sending crypto-backed Adrian Boafo to Congress as the industry builds its 2026 bloc. The post Fairshake’s $5.5M Maryland Bet Pays Off: Boafo Heads to Congress appeared first on Cryptonews.

A trio of crypto lobby groups says a bill allowing staking and mining rewards to be taxed when they’re sold should be passed without further amendments. A group of crypto lobbying organizations has urged Congress to pass a bill on crypto staking and mining taxes without changes, saying it would provide clarity on crypto rewards taxes and ensure blockchains “can be secured by Americans in America.” The Blockchain Association, the Crypto Council for Innovation and The Digital Chamber said in a letter on Sunday to House Ways and Means Committee Chair Jason Smith and its top Democrat, Richard Neal, that the Tax Clarity for Mining and Staking Act should be passed “as introduced.” “After years of uncertainty about how mining and staking rewards are taxed, the bill provides a durable compromise that innovators can support while addressing concerns raised by some lawmakers,” the group wrote. Read more

Gambling industry groups want the US Senate to step in to clarify that the Commodity Futures Trading Commission does not have the authority to oversee prediction markets. Several national gaming and tribal organizations and labor groups have reportedly called on the US Senate to add language “that explicitly prohibits event contracts tied to sports and casino-style gaming” in the Digital Asset Market Clarity (CLARITY) Act. According to a Wednesday Semafor report, groups tied to sports betting, including the Indian Gaming Association and American Gaming Association have united against what they called gambling on prediction markets. They requested that the US Congress use the CLARITY Act now under consideration in the Senate to affirm that “sports betting falls outside the [Commodity Futures Trading Commission’s] remit and cannot be offered through prediction market platforms.” “While our organizations may differ on other issues, including gambling policy, we are united in our concern that prediction markets h...

The bill avoids market regulation while trying to rebuild federal coordination for hacks, tracing, and victims. The post Congress moves to rebuild crypto crime task force after DOJ dismantled its dedicated crypto team appeared first on CryptoSlate.

A June 9 Ways and Means hearing pushes crypto policy into the tax code, where small payments, stablecoin use, network fees, mining, staking, and donations all face the same usability test. The post Congress is weighing whether crypto tax relief should stop at stablecoins appeared first on CryptoSlate.

For traditional US banks, the CLARITY Act was intended as a firewall that effectively barred crypto companies from offering “passive” interest on stablecoins. The legislation aimed to prevent a catastrophic deposit flight in which everyday checking account balances drain from the banking system into high-yield crypto exchanges. But as lawmakers prepare to finalize the framework, […] The post Banks pushed Congress to kill stablecoin yield with CLARITY Act – Coinbase may have found the loophole appeared first on CryptoSlate.

The CLARITY Act's markup has moved past the stablecoin yield standoff to Sen. John Kennedy's housing frustration, unresolved protections for software developers, and the Republican vote math that Senate Banking Chair Tim Scott still needs to close. The Tillis-Alsobrooks compromise that broke the yield deadlock allows stablecoin rewards tied to platform usage and activity while […] The post Crypto Clarity rules may be delayed because Congress is somehow stuck arguing over housing appeared first on CryptoSlate.

SEC chair Paul Atkins is under fire from Senator Elizabeth Warren, who says he “may have been deliberately trying” to mislead Congress about the agency’s enforcement activity. US Senator Elizabeth Warren has accused Paul Atkins, the head of the Securities and Exchange Commission, of possibly lying to Congress about the agency’s enforcement numbers. Warren, the top Democrat on the Senate Banking Committee, said in a letter to Atkins dated Wednesday that the SEC’s enforcement data for fiscal year 2025, released on April 7, raised “significant concerns” about his answers at a Feb. 12 congressional hearing. “At the hearing, I specifically asked you to comment on publicly available data highlighting a decline in SEC enforcement activity,” Warren said. “In response, you demurred, stating that you were ‘not sure what data’ I was looking at.” Read more

Washington isn't trying to solve every crypto policy fight at once, but it appears to be carving out a workable path for one specific category of digital asset: the regulated, dollar-pegged stablecoin. The GENIUS Act established the first federal regulatory framework for payment stablecoins, and a bipartisan House tax discussion draft now proposes friendlier tax […] The post Congress on verge of making regulated dollar stablecoins act almost like digital cash appeared first on CryptoSlate.

Senator Elizabeth Warren said Paul Atkins may have intentionally misled Congress by pushing back over the SEC's dwindling enforcement actions.

US Treasury Secretary Scott Bessent said the CLARITY Act is vital to setting clear rules for crypto, tokenized assets and decentralized exchanges, and that US leadership is at stake. US Treasury Secretary Scott Bessent has asked Congress to pass the Digital Asset Market Clarity (CLARITY) Act without delay, warning that Senate floor time is limited and now is the moment to act. In a Wall Street Journal op-ed on Wednesday, Bessent said the legislation is critical for providing clear regulatory rules for digital assets, including cryptocurrencies, tokenized assets and decentralized exchanges. He warned that with the global crypto market rising to $3 trillion and nearly one in six Americans holding digital assets, the stakes for US leadership in financial innovation are higher than ever. “To preserve it and rise to the challenge before us, Congress must pass the Clarity Act. Senate floor time is scarce, and now is the time to act,” he wrote. Read more

Washington is building a cleaner lane for digital dollars, and the consequence for Bitcoin is becoming easier to map. Over the past year, U.S. lawmakers, regulators, and the White House have moved in the same direction. The GENIUS Act framework advanced in the Senate with language built around payment stablecoins, reserve backing, consumer protection, and […] The post Congress aims to make digital dollars easier to use than Bitcoin solidifying the ‘digital gold’ narrative appeared first on CryptoSlate.