News with the tag "us house"

Get ready for a pivotal moment in the crypto world! All eyes are on Washington as the U.S. House Financial Services Committee gears up to review the much-anticipated stablecoin bill on April 2nd. This isn’t just another day on the political calendar; it’s a potentially game-changing event for the cr...

The world of decentralized finance (DeFi) just witnessed a potentially game-changing development! In a move celebrated by the crypto industry, the U.S. House Ways and Means Committee has taken a significant step towards reversing a controversial IRS tax rule that has been hanging over the DeFi secto...

The total amount of household debt in the US has surged to a new record level. In its Quarterly Report on Household Debt and Credit, the New York Fed says total household debt hit a 21-year high of $18.04 trillion at the end of Q4 2024. That’s an increase of $93 billion on a quarter-on-quarter basis...

Republican member and pro-crypto politician Mike Johnson has been re-elected as the speaker of the US House of Representatives sending a wave of excitement across the crypto community. This positive development comes amidst growing doubts over the incoming Donald Trump administration’s willingness t...

Elon Musk has declared Republican Party’s (GOP) clean sweep of all swing states, gaining majority in both the Senate and House chambers of the US Congress. With Republicans’ full control in the US Congress, the crypto industry can witness major changes in regulations, positions, and crypto lawsuits....

The ongoing crypto legislation hearing at the United States House of Representatives might eventually take a new twist. According to a scoop from Fox Business Journalist Eleanor Terrett, Democratic leaders’ political bias toward crypto might become visible during the hearing. Crypto Legislation To U...

Meta CEO Mark Zuckerberg has opened up about how he was pressured by the Biden-Harris administration on content moderation and censorship. US House Judiciary Committee Republicans said it’s a “big win for free speech” as the world fights against government authoritarianism after the surprising arres...

Legislation focuses on preventing illicit cryptocurrency activities while safeguarding consumer choice.

In a bold move, US House Representatives have urged the Democratic Party to revamp its crypto policy. They called for a new SEC Chair and a pro-crypto Vice President candidate in a recent letter to the Democratic party. Notably, this shift comes amid growing crypto dominance on the US political land...

This week is all set for some important events for the crypto industry as investors eagerly await the approval of the spot Ethereum ETFs. However, there are some key developments on the regulatory front as well with the US House voting to overturn Biden’s veto on SAB 121. Will US House Overturn Bide...