Congress

Capitol Hill building, Washington DC (Darren Halstead/Unsplash, modified by CoinDesk)

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.

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.

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

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...

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.

By Jesse Hamilton Nikhilesh De

May 22, 2024 at 9:42 p.m. UTC

May 22, 2024

RegulationsHouse of RepresentativesLegislationCongressSEC

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.

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.

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.

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...

By Jesse Hamilton

Apr 30, 2024 at 7:49 p.m. UTC

Apr 30, 2024