Senate Democrats | Crypto

The US Congress is closer than ever to defining federal rules for digital assets, yet the question of whether stablecoins can provide yield has slowed the process more than agency turf battles or token classification. Notably, the House has already advanced the Digital Asset Market Clarity Act, outlining a path for certain tokens to move […] The post The $6.6 trillion nightmare scenario that has Senate Democrats trying to kill stablecoin yield immediately appeared first on CryptoSlate.

As the government shutdown drags on, the US Senate is preparing a vote to end it while lawmakers plan to meet crypto leaders Wednesday to discuss the stalled market structure bill. The US government is approaching its fourth week of shutdown, with a Senate vote scheduled for Monday evening to end the funding impasse, and a separate meeting on Wednesday where lawmakers and crypto executives will discuss the long-stalled crypto market structure bill.  The Senate will vote at 5:30 p.m. ET for the 11th time in an effort to end the shutdown.  Approval and a presidential signature would reopen federal operations, while another failure would extend the stalemate. Despite the gridlock, Congress remains active on other fronts. On Wednesday, Senate Democrats are expected to host a roundtable with crypto industry leaders from Coinbase, Kraken, Circle, Ripple and others to discuss the proposed US market-structure bill, according to a post on X by journalist Eleanor Terret.  Read more