Republicans | Crypto

The 635-page revised proposal includes Trump-backed ethics provisions and comes just two days before a key procedural vote. Senate Republicans on Sunday released revised text of the CLARITY Act aimed at swaying Democrats ahead of a procedural vote on Tuesday, featuring major changes to rules relating to government officials’ involvement with digital assets. The 635-page proposal, released by US Senate Banking Digital Assets Subcommittee Chair Cynthia Lummis alongside Chairmen John Boozman and Tim Scott, also includes changes to the Blockchain Regulatory Certainty Act (BRCA) and provisions governing stablecoin yield. Lummis said the new ethics provisions had been agreed to by US President Donald Trump.  “After a year of intense daily bipartisan negotiations, this bill is ready,” she said. “President Trump voluntarily agreed to unprecedented ethics restrictions, holding every federally elected official, judge, and their spouses to some of the toughest ethics restrictions in US history.” Read more

The crypto lobby has spent tens of millions of dollars more on Republican candidates and elections than on Democratic lawmakers. In the upcoming 2026 midterm elections, Americans will elect 35 of 100 Senate seats and all of the 435 voting seats of the House of Representatives. The cratering popularity of President Donald Trump’s administration, which polls show is the result of everything from the economy to the War in Iran and his handling of immigration, has put Democrats in an historic lead.  The generic congressional ballot test, i.e., a poll that asks which party the respondent plans to support, recently showed that the Democrats had the largest mid-term lead of any party in the last 20 years.  Read more

After holiday leadership shifts, the two U.S. markets regulators — the SEC and CFTC — are now run only by pro-crypto Republicans, with Congress still debating.

Republican leaders released a final staff report going over claims of debanking by federal regulators in what some have called "Operation Choke Point 2.0." Republican lawmakers on the US House Financial Services Committee and House Oversight Subcommittee have released a final report on what they called “debanking of digital assets,” claiming that the previous administration was responsible for cutting off access to financial services for some crypto companies and individuals. In a Monday notice, House Financial Services Chair French Hill and Oversight Subcommittee Chair Dan Meuser claimed that regulators under the administration of former US President Joe Biden “used vague rules, excessive discretion, informal guidance, and aggressive enforcement actions to pressure banks away from serving digital asset clients” — actions many Republicans have referred to as “Operation Choke Point 2.0.” The report concluded that legislative action, among other measures, was necessary to provide clarity for the cryptocurrency ...