Crypto, Congress and Stablecoin Bill
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The week ahead on Capitol Hill will be a defining moment for cryptocurrency legislation in the country. Lawmakers are preparing for what’s being referred to as “Crypto Week,” a packed slate of votes and discussions that could determine how crypto,
What does Crypto Week in Congress have to do with the Jeffrey Epstein scandal? More than you might think, according to D.C. policy leaders.
The fate of long-awaited cryptocurrency legislation in the U.S. Congress was cast into doubt Tuesday, as a procedural vote to consider the measures was shot down by lawmakers from both parties, and shares of some companies in the sector fell.
Crypto week kicks off on Capitol Hill, with lawmakers set to debate a handful of bills that sources say could have a big impact on the market.
On Tuesday, a dozen conservatives sank a procedural vote to advance three crypto bills, including the GENIUS Act, which would establish a regulatory framework for the $250 billion market for stablecoins, a type of cryptocurrency tied to the value of an asset like the U.S. dollar.
United States Congressional lawmakers debate key pieces of crypto regulatory bills on the floor of the House of Representatives.
U.S. Rep. Shri Thanedar's investment in cryptocurrency for his reelection campaign is paying off, contributing to a nearly $8 million war chest.
If passed, the Crypto Week legislation could lead to new ways to use the currencies, corporate adoption, and institutional investment.