Senate | Crypto

The US Senate unanimously passed a rule banning members and staff from prediction markets, with a similar resolution set to be introduced in the House. The US Senate on Thursday unanimously approved a resolution banning its members and staff, who are often exposed to sensitive information, from using prediction markets. The resolution, passed by unanimous consent, changed the Senate's rules and took immediate effect.  “Engaging in any way in a prediction market or trying to place bets where we might have inside information deteriorates the confidence that our constituents have in us,” Republican Senator Bernie Moreno, who introduced the resolution, said on the Senate floor. Read more

After reporting more than $1.7 million to election officials, a crypto-aligned political action committee has reportedly backed out of advertising for a Texas Senate candidate. The Fellowship political action committee (PAC), which launched claiming to have more than $100 million from crypto-aligned backers, has reportedly backed out of an advertising deal to support Texas Attorney General Ken Paxton in a crucial US Senate race. According to a Thursday report from Axios, Republican leaders contacted US Commerce Secretary Howard Lutnick on his connections to Fellowship, which has been partially funded by Cantor Fitzgerald. Lutnick, as the former president and CEO and whose sons are now in charge of the financial services company, reportedly faced questioning from Republicans about Fellowship’s support of Paxton, whom on Tuesday the PAC reported spending $1.75 million in supportive advertising. Read more

A recent American Bankers Association (ABA) ad running across Washington shows a clear edge in a campaign that has been running for months. The ad reads: “Protect local lending while embracing innovation. Tell Senators to close the stablecoin loophole.” ABA's advertising archive documents Politico Morning Money placements during the week of Mar. 9, urging senators […] The post Banks fund crypto attack ads across Washington as over 3,000 banks unite to stop Clarity Act passing Senate appeared first on CryptoSlate.

The US Senate’s most significant effort to establish a comprehensive federal framework for digital asset markets, the CLARITY Act, is in imminent danger of slipping into May. Amid fierce pressure from traditional financial institutions, Senator Thom Tillis (R-NC) is actively pressing Senate Banking Committee leadership to delay advancing the CLARITY Act. The delay turns what […] The post Banks lobbying efforts seek to ‘kill’ CLARITY Act before US Senate election window closes appeared first on CryptoSlate.

White House study sharpens CLARITY’s core fight as Senate execution remains the real test A recent White House economic study has changed the focus of Washington’s debate over the CLARITY Act. The report addresses the main issue slowing the bill in the Senate: whether limiting stablecoin yields actually protects the banking system. The study’s findings are […] The post White House exposes stablecoin yield ban wouldn’t help banks, raising the stakes for CLARITY in the Senate appeared first on CryptoSlate.

A coordinated push to enact the CLARITY Act is colliding with a rapidly closing legislative window, prompting warnings from industry advocates that a failure to pass the bill this spring could stall crypto developments until the end of the decade. With the November 2026 midterms looming, the legislative calendar is shrinking, and the complex jurisdictional […] The post CLARITY Act faces a 2 week deadline as Senate gridlock and bank pressure threaten freeze out until 2030 appeared first on CryptoSlate.

The Trump administration and the broader crypto industry have initiated an unprecedented, multi-agency pressure campaign aimed at forcing the Senate to pass the Digital Asset Market Clarity Act, signaling a decisive final push to overhaul the regulatory framework of the $2.4 trillion cryptocurrency market before the 2026 midterm elections. In a highly synchronized effort this […] The post CLARITY Act faces White House blitz as Treasury and SEC flood Senate with coordinated pressure this week appeared first on CryptoSlate.

XRP Price Outlook: Senate Clarity Act Timeline April The post Senate Has 3 Weeks to Pass the CLARITY Act: Most Important Month in Ripple XRP History? appeared first on Cryptonews.

This month, Kentucky lawmakers advanced another bill that critics say could make self-custody impossible for hardware wallet manufacturers to deliver without building a backdoor into their products. It comes after passing a bill last year protecting residents' right to use crypto wallets. The vehicle is HB 380, a consumer-protection measure aimed at cryptocurrency kiosks. Its core […] The post Crypto wallets to offer a backdoor recovery if buried amendment to state bill passes Senate appeared first on CryptoSlate.

A bipartisan Senate bill would reportedly ban sports betting and casino-style contracts on prediction markets. US Senators Adam Schiff and John Curtis are expected to introduce a bipartisan bill on Monday that would bar sports betting and “casino-style” contracts from prediction markets regulated by the Commodity Futures Trading Commission (CFTC), according to a Monday Wall Street Journal report. “Too many young people in Utah are getting exposed to addictive sports betting and casino-style gaming contracts that belong under state control, not under federal regulators,” Senator Curtis, one of the bill’s co-sponsors, told the WSJ. If introduced as reported, the measure would add to a widening Washington push against certain prediction market contracts. The report adds to the growing regulatory scrutiny over prediction markets, following renewed insider trading concerns sparked by the US-Israeli war with Iran. Read more

Senator John Thune reportedly said that the chamber would prioritize the SAVE America Act before addressing a vote on bipartisan bills like crypto market structure. US Senator Majority Leader John Thune reportedly said he doesn’t expect the chamber to move forward with legislation to establish digital asset market structure before April. According to a Thursday Punchbowl News report, Thune said that the Senate planned to prioritize voting on the SAVE America Act, a bill that would require voters to provide proof of US citizenship in person to register. The majority leader addressed reporters on Thursday saying that the bill would go to the chamber next week, adding that lawmakers would focus on the crypto market structure bill and other bipartisan bills after the SAVE America Act vote. Read more

The provision banning the Federal Reserve from issuing a central bank digital currency was included in housing affordability legislation. The United States Senate voted on Thursday to include an amendment in the 21st Century Road to Housing Act that would prohibit the Federal Reserve from issuing a central bank digital currency (CBDC). The CBDC prohibition will remain in effect until Dec. 31, 2030, according to the amendment in the bill. The legislation, which passed 89-10, stated: However, the bill does not prohibit any dollar-denominated digital currency that is “open, permissionless, and private,” such as stablecoins. Read more

A bipartisan housing bill was approved in the Senate, carrying an unrelated ban on U.S. central bank digital currencies, but its future remains uncertain.

Democratic Senator Adam Schiff introduced a bill to ban prediction markets related to war, death and terrorism amid escalating insider trading concerns related to military operations. US Democratic Party Senator Adam Schiff introduced legislation Tuesday that would explicitly bar federally regulated prediction-market platforms from listing contracts tied to war, terrorism, assassination and individual deaths. The bill, called the DEATH BETS Act, would amend the Commodity Exchange Act to make those contracts prohibited for entities overseen by the US Commodity Futures Trading Commission (CFTC). In a statement announcing the bill, Schiff said markets that let traders profit from violent events create incentives for the misuse of classified information, threaten national security and encourage violence. He said prediction markets had become a “Wild West” and called for Congress and the CFTC to make clear that such “death bets” are not allowed. Read more

The crypto exchange responded to a Senate inquiry over sanctions by claiming that “no Binance account transacted directly with an Iran-based entity.“ Cryptocurrency exchange Binance has officially responded to a February inquiry launched by a group of 11 US senators, largely denying facilitating transactions to Iranian entities and the narrative around employees’ terminations. In a Friday letter to US Senators Richard Blumenthal and Ron Johnson of the Permanent Subcommittee on Investigations, Binance said that an inquiry launched in February into the exchange’s activities was based on reports that were “demonstrably false, unsupported by credible evidence, and defamatory in several material respects.”  The exchange referred to reporting from the Wall Street Journal, New York Times and Fortune, which said that Binance fired employees that reported the company had facilitated more than $1 billion in crypto transactions to entities connected to Iran, called Hexa Whale and Blessed Trust. According to Binance, the...

The US Federal Reserve has issued a limited-use master account to Kraken, marking a major pro-crypto shift in policy. Recent events at the US Federal Reserve signal acceptance of digital assets at the highest levels of the country’s monetary system.  Kraken recently became the first crypto exchange to receive a master account at the Federal Reserve. The Fed could also see a new crypto-friendly chair. US President Donald Trump on Wednesday submitted a pro-Bitcoin candidate for the Senate’s consideration. Read more

The US President makes it official after previously announcing his pick of Kevin Warsh to replace Fed chair Jerome Powell in a Jan. 30 social media post. The US Senate will soon vote on Donald Trump’s nominee to head the US Federal Reserve after the president picked Kevin Warsh, who has previously expressed pro-Bitcoin views, to replace Fed chair Jerome Powell. In a Wednesday notice, the White House said that Trump had sent Warsh’s nomination to the Senate to be chair of the Board of Governors of the Federal Reserve for a term of four years, and as a Fed governor for 14 years. The president had previously taken to social media to announce Warsh was his pick to replace Powell, whose term as chair ends in May but may stay on as a Fed governor until 2028. Warsh served as a Fed governor under former US Presidents George W. Bush and Barack Obama from 2006 to 2011. He went on to become a Shepard Family Distinguished Visiting Fellow in Economics at the Hoover Institution of Stanford University.  Read more

The CLARITY Act moved quickly through the House of Representatives since it was introduced in June 2025 but has been plagued with delays in the Senate. The crypto industry and investors are awaiting the completion of the US CLARITY Act, which has been delayed amid partisan politics and industry concerns. The bill would rewrite the rules of the road for the crypto industry, from which agency oversees it to regulations for decentralized finance (DeFi). Currently, lawmakers in the US Senate are hammering out the details, with significant points of contention. Democrats want a bipartisan bill with ethics provisions and a bailout prohibition that Republicans roundly rejected. Read more

Mark Moran is using a meme coin on Solana to elevate his U.S. Senate bid, rallying degens against a pro-crypto Democrat in Virginia.

On Jan. 29, the Senate Agriculture Committee advanced the crypto market-structure bill, giving the legislation known as the “CLARITY Act” its first concrete win in the Senate. The Agriculture panel’s action moves the bill closer to a full Senate fight over which regulator sets the rules for spot crypto markets. However, the bigger near-term problem […] The post US Senate advances new crypto law yet CLARITY gridlock might kill the bill for good appeared first on CryptoSlate.