Congress News

The US Senate voted to pass the GENIUS Act, a bill regulating stablecoins, but observers believe lawmakers may have ignored stability concerns in Treasury markets.

The bill passed without amendments to address Donald Trump’s connections to World Liberty Financial’s stablecoin, which many Democrats had been calling for.

After clearing a key procedural vote, the GENIUS Act faces a final decision in the Senate before moving to the House of Representatives.

Though concerns about the Trump family’s connections to World Liberty Financial’s stablecoin shadowed debate on the GENIUS Act, the bill is closer to passing the Senate.

Weeks after a stablecoin bill stalled over Trump-linked concerns, the Senate advanced the GENIUS Act.

Senators questioned Brian Quintenz on prediction markets, his experiences dealing with debanking, and how he would potentially handle an entirely Republican-staffed CFTC.

The US House Agriculture Committee voted to advance the CLARITY Act for digital assets as lawmakers in the House Financial Services Committee debated an amendment for developers.

Two bills in the US Congress considering stablecoins and a digital asset regulatory framework will reach crucial stages this week after long debates and controversies.

Allegations on the president’s ties to the crypto industry and claims of “Trump derangement syndrome” clouded attempts to reach an agreement on a market structure bill in Congress.

Members in two House committee hearings debated a framework for digital assets while raising concerns about the US president using his position to profit from the industry.

Backed by lawmakers from both parties, the bill proposes rules to govern digital assets and define agency roles in enforcement and oversight.

More than 30 Democratic lawmakers signed a letter alleging that Donald Trump could have violated the Constitution by inviting his memecoin investors to a private dinner.

As the US Senate advances the GENIUS Act and lawmakers reintroduce the Blockchain Regulatory Certainty Act, Washington is finally stepping up to the plate on crypto.

Senate Minority Leader Chuck Schumer will reportedly back efforts to amend the stablecoin bill to add guardrails against Trump crypto ties.

An increase in leverage use and favorable regulatory changes could trigger an XRP rally to $3.50 and above.