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Congress

Chair Gary Gensler continues to defend his agency's Staff Accounting Bulletin No. 121 on handling crypto. (Jesse Hamilton/CoinDesk)
Policy
Regulations
Wall Street Asks Biden Not to Veto Congress' Rejection of SEC Crypto Policy
Lobbying groups for the U.S. banks sent President Joe Biden a letter asking him to change his mind on his threat to veto the congressional effort to overturn SAB 121. Members...
Chair Gary Gensler continues to defend his agency's Staff Accounting Bulletin No. 121 on handling crypto. (Jesse Hamilton/CoinDesk)
By Jesse HamiltonNikhilesh De
May 31, 2024 at 9:26 p.m. UTC
May 31, 2024
RegulationsAccountingSecurities and Exchange CommissionWall StreetAmerican Bankers AssociationCongress
Rep. Patrick McHenry told a Consensus 2024 audience that crypto law is inevitable by next year. (Shutterstock/CoinDesk/Suzanne Cordiero)
Policy
Regulations
U.S. Lawmaker at Center of Crypto Negotiation Predicts Digital Assets Law by Next Year
Rep. Patrick McHenry – the chief GOP negotiator on crypto legislation – said future policy is now assured by a major bipartisan showing for his effort in the House of Represen...
Rep. Patrick McHenry told a Consensus 2024 audience that crypto law is inevitable by next year. (Shutterstock/CoinDesk/Suzanne Cordiero)
By Jesse Hamilton
May 29, 2024 at 10:55 p.m. UTC
May 29, 2024
RegulationsLegislationPatrick McHenryGary GenslerHouse Financial Service CommitteeCongressConsensus 2024
Capitol Hill building, Washington DC (Darren Halstead/Unsplash, modified by CoinDesk)
Opinion
Opinion
Is the House’s FIT21 Bill Really the Legislation That Crypto Needs?
While many in the industry cheered the passing of the Financial Innovation and Technology for the 21st Century Act yesterday, many other raised criticisms and concerns.
Capitol Hill building, Washington DC (Darren Halstead/Unsplash, modified by CoinDesk)
By Daniel Kuhn
May 23, 2024 at 7:48 p.m. UTC
May 23, 2024
OpinionThe NodeNewslettersFit21RegulationCongress
U.S. Capitol Building (Louis Velazquez/Unsplash)
Policy
Regulations
U.S. House Passes Bill Banning Federal Reserve From Issuing a CBDC
The bill's prospects in the Senate are unclear, however.
U.S. Capitol Building (Louis Velazquez/Unsplash)
By Nikhilesh De
May 23, 2024 at 6:37 p.m. UTC
May 23, 2024
RegulationsCBDCsHouse of RepresentativesCongress
Republicans in the House of Representatives may force a government shutdown that could slow down crypto's U.S. progress. (Jesse Hamilton/CoinDesk)
Opinion
Opinion
The Financial Innovation and Technology for the 21st Century Act Is a Watershed Moment for Our Industry
For too long, the regulatory landscape for digital assets in the United States has been an untenable. FIT21 represents a notable step in the right direction, Blockchain Associ...
Republicans in the House of Representatives may force a government shutdown that could slow down crypto's U.S. progress. (Jesse Hamilton/CoinDesk)
By Kristin Smith
May 22, 2024 at 9:45 p.m. UTC
May 22, 2024
OpinionKristin SmithRegulationCongressBlockchain AssociationPatrick McHenry
The U.S. House of Representatives passed its first significant crypto regulation bill. (Jesse Hamilton/CoinDesk)
Policy
Regulations
U.S. House Approves Crypto FIT21 Bill With Wave of Democratic Support
The House's passage of the digital assets legislation passes the crypto baton to the Senate, where odds remain low for decisive action.
The U.S. House of Representatives passed its first significant crypto regulation bill. (Jesse Hamilton/CoinDesk)
By Jesse HamiltonNikhilesh De
May 22, 2024 at 9:42 p.m. UTC
May 22, 2024
RegulationsHouse of RepresentativesLegislationCongressSEC
(President Joseph Biden, on Twitter/X)
Opinion
Opinion
Does the SAB 121 Vote Mean Anything for Future Crypto Legislation?
An encouraging sign of bipartisan agreement over sane digital asset rules is also business as usual.
(President Joseph Biden, on Twitter/X)
By Daniel Kuhn
May 17, 2024 at 7:17 p.m. UTC
May 17, 2024
OpinionThe NodeNewslettersSECAccountingCongressBiden Administration
President Joe Biden is threatening to veto an effort in Congress to overturn the Securities and Exchange Commission's crypto accounting policy. (Chip Somodevilla/Getty Images)
Policy
Regulations
House Votes to Erase SEC Crypto Policy While President Biden Vows Veto
The House of Representatives voted in favor of a resolution to oppose the SEC's crypto accounting policy, Staff Accounting Bulletin No. 121, as President Biden defends it.
President Joe Biden is threatening to veto an effort in Congress to overturn the Securities and Exchange Commission's crypto accounting policy. (Chip Somodevilla/Getty Images)
By Jesse Hamilton
May 8, 2024 at 8:17 p.m. UTC
May 8, 2024
RegulationsJoe BidenPatrick McHenryWhite HouseAccountingSecurities and Exchange CommissionCongress
U.S. Securities and Exchange Commission Chair Gary Gensler has been accused of misleading Congress on his ether views. (Jesse Hamilton/CoinDesk)
Policy
Regulations
House's McHenry Accuses SEC Chief Gensler of Misleading Congress on Ethereum
The chairman of the House Financial Services Committee says Gensler refused to discuss his view on ETH in testimony even after the SEC was investigating it as a security.
U.S. Securities and Exchange Commission Chair Gary Gensler has been accused of misleading Congress on his ether views. (Jesse Hamilton/CoinDesk)
By Jesse Hamilton
Apr 30, 2024 at 9:40 p.m. UTC
Apr 30, 2024
RegulationsEthereumETHPatrick McHenryGary GenslerSecurities and Exchange CommissionCongress
An effort to attach a stablecoin bill to another must-pass piece of legislation looks to be unlikely to succeed. (Jesse Hamilton/CoinDesk)
Policy
Regulations
Stablecoin Bill Unlikely to Get Pinned to FAA Reauthorization, Putting Effort On Hold Again
A flash of hope that an FAA bill could carry U.S. stablecoin rules across the finish line has been momentarily dashed as congressional leaders were said to ward off amendments...
An effort to attach a stablecoin bill to another must-pass piece of legislation looks to be unlikely to succeed. (Jesse Hamilton/CoinDesk)
By Jesse Hamilton
Apr 30, 2024 at 7:49 p.m. UTC
Apr 30, 2024
Regulationsstablecoin billStablecoinsLegislationCongressPatrick McHenrySherrod BrownExclusive