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Congress

Chair Gary Gensler's U.S. Securities and Exchange Commission has insisted that its accounting policies for crypto didn't need to be treated as a formal rule, but the Government Accountability Office disagrees. (Jesse Hamilton/CoinDesk)
Policy
Regulations
U.S. SEC Messed Up in Handling Contentious Crypto Accounting Bulletin: GAO
The Staff Accounting Bulletin 121 said customers' crypto assets in banks should be held on the banks' own balance sheets. That should have been a rule, not guidance, the GAO s...
Chair Gary Gensler's U.S. Securities and Exchange Commission has insisted that its accounting policies for crypto didn't need to be treated as a formal rule, but the Government Accountability Office disagrees. (Jesse Hamilton/CoinDesk)
By Jesse Hamilton
Oct 31, 2023 at 7:11 p.m. UTC
Oct 31, 2023
RegulationsAccountingSecurities and Exchange CommissionGovernment Accountability OfficeRulemakingCongress
Just a couple of months after Coinbase launched a U.S. advocacy group for crypto enthusiasts, organizers say it's brought in $2 million and sent 16,000 messages to U.S. lawmakers. (Nikhilesh De/CoinDesk)
Policy
Regulations
Coinbase-Backed Advocacy Group Enlists Crypto Masses, Raises $2M From 80,000
Stand With Crypto, the campaign that's meant to bombard lawmakers with crypto supporters in their own backyards, says it's off to a fast start (with a lot of help from Coinbas...
Just a couple of months after Coinbase launched a U.S. advocacy group for crypto enthusiasts, organizers say it's brought in $2 million and sent 16,000 messages to U.S. lawmakers. (Nikhilesh De/CoinDesk)
By Jesse Hamilton
Oct 31, 2023 at 3:00 p.m. UTC
Oct 31, 2023
RegulationsCoinbaselobbyinglawmakersCongressLegislationExclusive
Perianne Boring, CEO of the Chamber of Digital Commerce, led a group of crypto miners to meetings with members of the U.S. House of Representatives this week. (Scott Moore/Shutterstock/CoinDesk)
Policy
Regulations
Crypto Miners Lobby U.S. Lawmakers to Counter Environmental 'Misunderstanding'
Dozens of mining firms came to Washington to steer the policy narrative away from negative environmental claims and make a case for mining as an economic and security boon.
Perianne Boring, CEO of the Chamber of Digital Commerce, led a group of crypto miners to meetings with members of the U.S. House of Representatives this week. (Scott Moore/Shutterstock/CoinDesk)
By Jesse Hamilton
Oct 27, 2023 at 3:51 p.m. UTC
Oct 27, 2023
RegulationsMiningBitcoinChinaenergy consumptionlobbyingCongress
The Congressional Keynote: Sens. Lummis, Gillibrand Discuss Crypto Regulation
Video
Congress
The Congressional Keynote: Sens. Lummis, Gillibrand Discuss Crypto Regulation
U.S. Senators Kirsten Gillibrand (D-N.Y.) and Cynthia Lummis (R-W.Y.) join CoinDesk's State of Crypto 2023 event in Washington, D.C. to discuss crypto legislation in Congress...
The Congressional Keynote: Sens. Lummis, Gillibrand Discuss Crypto Regulation
By CoinDesk Staff
Oct 26, 2023 at 6:38 p.m. UTC
Oct 26, 2023
CongressCynthia LummisKirsten GillibrandSoc 2023
U.S. Sen. Elizabeth Warren (D-Mass.) is involved in a controversy over the use of Elliptic crypto data to explain how much terrorists have relied on crypto. (Drew Angerer/Getty Images)
Policy
Regulations
Media Reported Hamas Got Millions Via Crypto, but the Data Provider They Cited Says It Was Misconstrued
The funding revelation caused an uproar in Washington. But there's no evidence for anything beyond "tiny" amounts of digital assets landing in terrorists' hands, the data firm...
U.S. Sen. Elizabeth Warren (D-Mass.) is involved in a controversy over the use of Elliptic crypto data to explain how much terrorists have relied on crypto. (Drew Angerer/Getty Images)
By Jesse Hamilton
Oct 26, 2023 at 2:04 p.m. UTC
Oct 26, 2023
RegulationsHamasTerrorist FinancingElizabeth WarrenCongressWall Street JournalElliptictop news
U.S. Regulators 'Owe the Marketplace Some Greater Clarity,' Former CFTC Commissioner Says
Video
Congress
U.S. Regulators 'Owe the Marketplace Some Greater Clarity,' Former CFTC Commissioner Says
Former CFTC Commissioner Dawn Stump discusses the urgency for regulatory clarity in the crypto space and the responsibility of Congress when it comes to appointing a superviso...
U.S. Regulators 'Owe the Marketplace Some Greater Clarity,' Former CFTC Commissioner Says
By CoinDesk Staff
Oct 19, 2023 at 2:41 p.m. UTC
Oct 19, 2023
CongressCFTCcdtvFM ClipSocial_ClipDawn Stump
U.S. Sen. Elizabeth Warren (D-Mass.) and more than a hundred lawmaker colleagues from both parties are pushing the Biden administration to address crypto-backed terrorism. (Chip Somodevilla/Getty Images)
Policy
Regulations
U.S. Sen. Warren Leads Lawmakers to Push Administration on Crypto-Backed Terrorism
In a letter to top U.S. security officials, 102 lawmakers demanded to know what the Treasury Department and others are doing to prevent the use of crypto to finance terrorism.
U.S. Sen. Elizabeth Warren (D-Mass.) and more than a hundred lawmaker colleagues from both parties are pushing the Biden administration to address crypto-backed terrorism. (Chip Somodevilla/Getty Images)
By Jesse Hamilton
Oct 18, 2023 at 3:16 p.m. UTC
Oct 18, 2023
RegulationsHamasTerrorismTreasury DepartmentCongressElizabeth Warrentop news
Capitol Hill building, Washington DC (Darren Halstead/Unsplash, modified by CoinDesk)
Consensus Magazine
Opinion
Why Congress Will Be the Dollar’s Downfall
Congressional inaction is likely to cause de-dollarization as the country’s foes — and friends — move even faster to get off the U.S. dollar. Americans deserve to know what’s...
Capitol Hill building, Washington DC (Darren Halstead/Unsplash, modified by CoinDesk)
By Amanda Wick
Oct 17, 2023 at 2:55 p.m. UTC
Oct 17, 2023
OpinionDollarizationU.S. DollarCongressPolicyState of Crypto Week 2023
U.S. House Republicans' drama over picking a speaker is weighing down the odds of crypto legislation seeing action. (Jesse Hamilton/CoinDesk)
Policy
Regulations
U.S. House Speaker Drama Could Threaten to Unravel Crypto's 2023 Chances
Majority Leader Steve Scalise dropping out means digital assets legislation remains on hold. Crypto fan Tom Emmer also won't have the No. 2 role to seek, another potential blo...
U.S. House Republicans' drama over picking a speaker is weighing down the odds of crypto legislation seeing action. (Jesse Hamilton/CoinDesk)
By Jesse Hamilton
Oct 13, 2023 at 4:26 p.m. UTC
Oct 13, 2023
RegulationsLegislationCongressHouse of RepresentativesHouse Financial Services Committee
U.S. House Majority Leader Steve Scalise got the nod from his party to be the next speaker of the House. But several fellow Republicans may vote against him anyway, so his ascent isn't assured. (Photo courtesy of Rep. Steve Scalise; illustration by Jesse Hamilton/CoinDesk)
Policy
Regulations
Crypto Bills May Depend on U.S. House GOP Battle Over Scalise Speaker Pick
If Republicans can’t unify behind Scalise or another choice to be speaker, paralysis in the House over crypto legislation and a potential government shutdown could continue.
U.S. House Majority Leader Steve Scalise got the nod from his party to be the next speaker of the House. But several fellow Republicans may vote against him anyway, so his ascent isn't assured. (Photo courtesy of Rep. Steve Scalise; illustration by Jesse Hamilton/CoinDesk)
By Jesse Hamilton
Oct 11, 2023 at 8:28 p.m. UTC
Oct 11, 2023
RegulationsHouse of RepresentativesHouse Financial Services CommitteeLegislationCongressKevin mccarthy