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Senate

U.S. Sen. Tim Scott, the Banking Committee's top Republican, has joined former President Donald Trump as a crypto booster. (Justin Sullivan/Getty Images)
Policy
Regulations
Key U.S. Senate Republican Tim Scott Makes Crypto-Fan Debut
After years of consequential silence on digital assets, the top Republican on the Senate Banking Committee stormed a Bitcoin 2024 stage as a booster.
U.S. Sen. Tim Scott, the Banking Committee's top Republican, has joined former President Donald Trump as a crypto booster. (Justin Sullivan/Getty Images)
By Jesse Hamilton
Jul 26, 2024 at 9:59 p.m. UTC
Jul 26, 2024
RegulationsTim scottSenate Banking CommitteeSenateCynthia LummisMichael SaylorCathie WoodBitcoin
The U.S. House of Representatives passed a narrow bill to address crypto use in illicit finance. (Jesse Hamilton/CoinDesk)
Policy
Regulations
U.S. House Passes Crypto Illicit Finance Bill That's Likely to be Rebuffed in Senate
The legislation would set up a federal group to assess crypto in terrorism and illicit finance and make recommendations for heading it off, but the bill isn't expected to clea...
The U.S. House of Representatives passed a narrow bill to address crypto use in illicit finance. (Jesse Hamilton/CoinDesk)
By Jesse Hamilton
Jul 22, 2024 at 9:52 p.m. UTC
Jul 22, 2024
RegulationsHouse of RepresentativesHouse Financial Service CommitteeLegislationMoney LaunderingTerrorismSenate
Sen. Bob Menendez (D-NJ) exits Manhattan federal court on July 16 as a jury found Menendez guilty of accepting bribes. (Adam Gray/Getty Images)
Policy
Regulations
U.S. Senator Who Called Bitcoin 'Ideal Choice for Criminals' Is Convicted of Bribery
Menendez's sentencing has been scheduled for October 29 and he could face decades in prison.
Sen. Bob Menendez (D-NJ) exits Manhattan federal court on July 16 as a jury found Menendez guilty of accepting bribes. (Adam Gray/Getty Images)
By Amitoj Singh
Jul 17, 2024 at 7:39 a.m. UTC
Jul 17, 2024
RegulationsBob MenendezSenateNew JerseyCryptoBitcoinEl SalvadorCorruption
A U.S. Senate committee passed a spending bill with a surprise crypto provision. (Jesse Hamilton/CoinDesk)
Policy
Regulations
Senate Bill Could Open Crypto to U.S. Sanctions, but Industry Trying to Head It Off
The industry says a surprise section in a recent spending bill could slam crypto with sanctions threats, but a key Senate office is now meeting with digital assets sector insi...
A U.S. Senate committee passed a spending bill with a surprise crypto provision. (Jesse Hamilton/CoinDesk)
By Jesse Hamilton
Jun 10, 2024 at 4:11 p.m. UTC
Jun 10, 2024
RegulationsSenateSanctionsLegislationCongressExclusive
President Joe Biden made good on his vow to veto Congress' effort to overturn a controversial crypto accounting policy from the Securities and Exchange Commission. (Chip Somodevilla/Getty Images)
Policy
Regulations
U.S. President Biden Vetoes Resolution Overturning SEC Guidance
Joe Biden said he would veto the resolution before the House or Senate voted on it.
President Joe Biden made good on his vow to veto Congress' effort to overturn a controversial crypto accounting policy from the Securities and Exchange Commission. (Chip Somodevilla/Getty Images)
By Nikhilesh De
May 31, 2024 at 11:09 p.m. UTC
May 31, 2024
RegulationsSECHouse of RepresentativesSenateJoe Biden
Sen. Ron Wyden, who heads the Committee on Finance, speaks at Consensus 2024. (Shutterstock/CoinDesk)
Policy
Regulations
U.S. Sen. Wyden: House 'Right' to Pursue Crypto Bill, Late in Session for More Progress
The Oregon Democrat has been among his party's crypto sympathizers in the Senate, and he said there's "a long way to go" after this early burst of crypto momentum in Washingto...
Sen. Ron Wyden, who heads the Committee on Finance, speaks at Consensus 2024. (Shutterstock/CoinDesk)
By Jesse Hamilton
May 31, 2024 at 5:09 p.m. UTC
May 31, 2024
RegulationsRon WydenSenateFit21Securities and Exchange CommissionConsensus 2024Election 2024
Tom Emmer, Majority Whip of U.S. House of Representatives speaks at Consensus 2024. (Shutterstock/CoinDesk)
Policy
Regulations
U.S. House's Emmer Says Best Hope for Crypto Legislation Is Year-End Session
The Republican majority whip, Rep. Tom Emmer, suggested headwinds for a major crypto bill in this waning session, with a best shot in the so-called lame-duck session after the...
Tom Emmer, Majority Whip of U.S. House of Representatives speaks at Consensus 2024. (Shutterstock/CoinDesk)
By Jesse Hamilton
May 29, 2024 at 5:56 p.m. UTC
May 29, 2024
RegulationsConsensus 2024LegislationHouse of RepresentativesSenateTom Emmer
U.S. Capitol Building (Jesse Hamilton/CoinDesk)
Policy
Regulations
U.S. Senate Votes to Kill SEC's Crypto Accounting Policy, Testing Biden's Veto Threat
A dozen Democrats joined 48 Republicans in voting to repeal SAB 121.
U.S. Capitol Building (Jesse Hamilton/CoinDesk)
By Jesse HamiltonNikhilesh De
May 16, 2024 at 4:49 p.m. UTC
May 16, 2024
RegulationsSenateSEC
U.S. Capital building (Matt Anderson/Getty Images)
Policy
Regulations
House Resolution to Overturn Controversial SEC Rule Likely to Pass in Senate: Sources
Critics of the SEC bulletin argue it constrains companies unfairly.
U.S. Capital building (Matt Anderson/Getty Images)
By Nikhilesh DeJesse Hamilton
May 15, 2024 at 4:04 p.m. UTC
May 15, 2024
RegulationsSECHouse of RepresentativesSenate
Two U.S. senators wrote to Attorney General Merrick Garland to complain about the prosecution of crypto mixers. (Jesse Hamilton/CoinDesk)
Policy
Regulations
U.S. Senators Question Justice Department's Pursuit of Crypto Mixers
Senators from both parties, Cynthia Lummis and Ron Wyden, questioned the use of money-transmitter laws in cases such as those against Samouri Wallet and Tornado Cash.
Two U.S. senators wrote to Attorney General Merrick Garland to complain about the prosecution of crypto mixers. (Jesse Hamilton/CoinDesk)
By Jesse Hamilton
May 13, 2024 at 5:32 p.m. UTC
May 13, 2024
RegulationsTornado CashSamourai WalletTreasury DepartmentFinCENSenateCynthia LummisRon WydenDepartment of Justice