In a historic milestone for the crypto market, the U.S. Senate approved the Genius Act, a much-anticipated stablecoin bill that brings federal regulation and regulatory certainty to one of the most important parts of the digital asset ecosystem. The bill, which has gained bipartisan support, now heads to the House
U.S. Treasury Secretary Scott Bessent criticized the Senate on Thursday for rejecting the GENIUS Act, a stablecoin regulation bill. The vote, split 49-48, halted progress amid mounting concerns over President Donald Trump’s ties to crypto. Bessent called the decision a “missed opportunity” for American leadership in the digital asset space.
Senate Democrat Richard Blumenthal has initiated a preliminary inquiry into President Donald Trump’s crypto connections. He raised concerns about potential conflicts of interest and legal violations. As ranking member of the Senate Permanent Subcommittee on Investigations, Blumenthal sent formal inquiry letters Tuesday to executives at two Trump-associated crypto companies. Bill
Senate Democrats have introduced the Clean Cloud Act of 2025, targeting carbon emissions from cryptocurrency mining facilities and AI data centers. Senators Sheldon Whitehouse and John Fetterman presented the bill to amend the Clean Air Act and address rising energy demand. The bill proposes regional emission caps for facilities using
Senate Confirms Howard Lutnick, a former chief executive of Cantor Fitzgerald, to lead the Commerce Department. The U.S. Senate voted 51-45 to confirm Howard Lutnick as the 41st Secretary of Commerce. Lutnick will lead President Donald Trump’s global trade and economic agenda. Given his strong protectionist stance, his confirmation marks
Senator-elect Bernie Moreno, a Republican from Ohio, has been assigned to the Senate Banking Committee. Incoming Republican Senate Majority Leader John Thune announced the appointment. This committee oversees two critical agencies, the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). Moreno’s appointment is seen as
The excitement for new announcements and developments, particularly President-elect Donald Trump, pushes the Bitcoin market to new highs. Today, the market reacted to another level with Senator Cynthia Lummis’s new statement linking Trump to pro-Bitcoin initiatives. Sharing a video on Twitter, Lummis claimed, “President Trump is assembling an army to
President-elect Donald Trump has nominated Florida Congressman Matt Gaetz as the next U.S. Attorney General. Known for his strong stance on justice reform and cryptocurrency advocacy, Gaetz has gained attention for his criticisms of the Department of Justice (DOJ) under the Biden administration. If confirmed, he is expected to focus
Senator Cynthia Lummis of Wyoming is reportedly preparing to unveil groundbreaking legislation at the upcoming Bitcoin 2024 conference in Nashville, aiming to elevate Bitcoin to a strategic reserve asset on par with gold. This move could change U.S. monetary policy and significantly elevate Bitcoin’s status in the financial landscape. The
US Senators Proposed a tax-free bill for small crypto transactions. The bill demands cryptocurrency transactions less than $50 be exempt from taxation. Famed US Senators have proposed a new bill that would exempt modest crypto transactions from capital gains taxes. A proposed bill attempts to exempt Americans from keeping track
