US Senate Approves $1.9T Stimulus Plan, Measure Returns to the House
Because the stimulus package would likely be a boost for stock markets, it could also provide a lift to the price of cryptocurrencies.
The hearing was almost certainly the testiest in a trio of crypto-themed inquiries Tuesday morning.
The FinCEN rule, proposed under former President Donald Trump, needs to be revisited, Sen. Pat Toomey said Thursday.
An updated draft of a controversial crypto reporting requirement clarifies that brokers "effectuate" transfers of digital assets, but stops short of explicitly excluding miners or other parties that don't provide customer transactions.
The bill gives a nod toward blockchain and now moves to the House.
Gensler previously ran the federal Commodity Futures Trading Commission.