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Scrutiny over crypto access to the U.S. payment system intensifies as lawmakers question how Kraken secured Federal Reserve account approval, raising fresh concerns about regulatory consistency, risk controls, and the future of digital asset integration. Lawmaker Presses Fed Over Crypto Account Approval Heightened scrutiny over access to U.S. payment infrastructure is intensifying as policymakers examine … Read more
The latest Senate draft of the CLARITY Act draws a hard line: no yield for simply holding stablecoins, and the crypto industry isn’t exactly cheering. CLARITY Act Compromise Limits Stablecoin Earnings, Leaves Gray Areas The revised Digital Asset Market Clarity Act, unveiled to industry participants in a closed-door Capitol Hill session on Monday, allegedly bans … Read more
Congress is stepping into the fast-growing prediction market arena, aiming to draw a hard line between financial contracts and what lawmakers say looks a lot like gambling. Prediction Markets Under Fire as Senate Eyes Sports Betting Ban According to reporting from the Wall Street Journal and Sports Business Journal, U.S. Senators Adam Schiff, D-Calif., and … Read more
U.S. lawmakers move to block taxpayer rescues for crypto firms, tightening federal safeguards and signaling tougher boundaries between digital asset risk and traditional finance as scrutiny intensifies over potential spillover into the broader financial system. Senate Bill Targets Limits on Federal Crypto Bailouts Legislative scrutiny of crypto-related financial risk sharpened as U.S. Senator Richard Durbin … Read more
Binance pushes back against U.S. scrutiny, outlining a sweeping compliance system, thousands of law-enforcement collaborations, and aggressive monitoring tools as it challenges allegations that the world’s largest crypto exchange failed to police illicit activity. Binance Counters Congressional Concerns, Says Investigations Triggered Account Removals and Risk Controls Crypto exchange Binance issued a formal response to a … Read more
Trump is pushing an aggressive pro- crypto agenda, pressing Congress to fast-track market structure legislation and warning banks not to derail stablecoin policy as the United States races to secure leadership in the rapidly expanding digital asset economy. Trump Pushes Congress to Finalize Clarity Act as He Warns Banks Against Blocking Crypto Progress U.S. President … Read more
Senator Chris Murphy has proposed regulating prediction markets after allegations of insider trading by people close to the Trump Administration. According to Bubblemaps, six insiders profited close to $1.2 million betting on the U.S. strike on Iran just hours before it happened. Senator Chris Murphy Vows to Regulate Prediction Markets After Insider Trading Allegations The … Read more
U.S. Senator Cynthia Lummis forcefully rejected Sam Bankman-Fried’s praise of the Clarity Act, warning the bill would impose harsher penalties on him and distancing her crypto legislation from his past lobbying efforts as regulatory battles intensify. Lummis Slams Bankman-Fried Over Clarity Act Remarks U.S. Senator Cynthia Lummis shared on social media platform X on Feb. … Read more
Senate Democrats are urging a federal probe into Binance over alleged sanctions and anti-money laundering violations, intensifying scrutiny of the crypto exchange amid concerns its compliance failures could pose serious U.S. national security risks. Senate Democrats Demand Binance Sanctions Probe U.S. senators sent a letter to the Treasury and Justice Departments on Feb. 27, urging … Read more
Representatives Scott Fitzgerald, Ben Cline, and Zoe Lofgren introduced the bill to Congress on February 26, seeking to protect software developers who write blockchain applications that don’t handle custody of funds from legal actions and criminal prosecution under Section 1960, Title 8. Promoting Innovation in Blockchain Development Act Introduced In Congress With Bipartisan Support The … Read more