BITPRISMIA
The U.S. House is poised to pass key crypto legislation, including the GENIUS Act, a market structure bill, and a CBDC bill, marking a pivotal moment for digital asset regulation in the United States.
The U.S. House of Representatives faced procedural delays in advancing its 'Crypto Week' agenda, including key crypto-related bills, due to opposition from the House Freedom Caucus and unresolved legislative negotiations.
Senator Amy Klobuchar emphasizes the need for collaboration between the Senate Agriculture and Banking Committees to establish a comprehensive regulatory framework for crypto markets, despite procedural delays and differing committee progress.
The House of Representatives' Clarity Act aims to establish rules for U.S. crypto markets, but industry insiders anticipate challenges in the Senate, where differing approaches may emerge.
The U.S. House of Representatives is preparing to vote on key crypto-related bills, including the Digital Asset Market Clarity Act and the GENIUS Act, which could significantly advance crypto regulation and stablecoin oversight.
BlockFi's bankruptcy administrator and the US Department of Justice (DOJ) have agreed to end a $35 million lawsuit, marking a resolution in BlockFi's ongoing bankruptcy proceedings following its collapse after the FTX crisis.
The U.S. House Ways and Means Committee will hold a hearing on July 16, 2025, to discuss tax policies for the cryptocurrency sector as part of 'Crypto Week.'
The U.S. Senate Banking Committee held a hearing on crypto market structure, with industry leaders advocating for clearer regulations while Senator Elizabeth Warren raised concerns about weak rules and potential corruption.
Senator Cynthia Lummis introduced a bill to address unfair taxation of crypto gains, including eliminating double taxation on staking rewards and capping capital gains at $5,000 annually, though it was not included in President Trump's budget bill.
The article covers various cryptocurrency-related topics, including news about Ripple's CEO, Senate Republicans pushing for crypto-friendly amendments, and updates on Bitcoin's price and market performance.