Legislation Archives

Global stablecoin searches hit all-time high with Washington leading traffic

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Stablecoin search interest reached an all-time high this month, days before the White House signed the GENIUS Act into law. New Google Trends data shows that search activity for “stablecoins” peaked globally just as U.S. policymakers finalized a federal framework for payment stablecoins, the first of its kind in the country. Interest in the term […]

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Legislation on a blockchain pilot for Veteran Affairs claims awaits House floor vote

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The House is considering a proposal that would require the Department of Veterans Affairs to examine how distributed ledger technology, such as blockchain, can enhance the agency’s claims systems. The “Veterans Affairs Distributed Ledger Innovation Act of 2025” (H.R. 3455), introduced May 15 by Rep. Nancy Mace, passed its first checkpoint with a June 11

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Congress moves forward on digital asset regulations with GENIUS, CLARITY Acts

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The House passed the GENIUS Act in a 307‑122 vote and sent the bill to President Donald Trump, who plans to sign it at a White House ceremony tomorrow, according to Galaxy head of research Alex Thorn. The 307‑122 tally showed that more than 100 Democrats joined most Republicans to advance the measure, which differed

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French lawmakers say country could generate 0M in annual revenue from Bitcoin mining

French lawmakers say country could generate $150M in annual revenue from Bitcoin mining

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French lawmakers have doubled down on their plans for Bitcoin mining by highlighting that the country could generate an annual revenue of up to $150 million from the industry. In a July 11 bill submitted to the French National Assembly, the lawmakers outlined a five-year pilot program allowing electricity producers to redirect excess power, often

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House rejects crypto rule package despite Trump’s call, push for second vote later today

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President Donald Trump urged House Republicans on July 15 to support a procedural motion that would advance three crypto bills during the chamber’s “Crypto Week,” but lawmakers resisted the bill in today’s voting session. Trump wrote on Truth Social that “all Republicans should vote yes,” arguing that the GENIUS Act will keep the US “lightyears ahead” of China and Europe

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El Salvador’s Bitcoin strategy under fire as US eyes sanctions on Bukele

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A group of US Democratic senators has introduced a new bill to sanction El Salvador’s President Nayib Bukele and members of his administration. The legislation, titled the El Salvador Accountability Act (S.2058), was put forward by Senators Chris Van Hollen, Tim Kaine, and Alex Padilla. If passed, the bill would require President Donald Trump to

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Senator Lummis’ New Bill Enables Tax-Exempt Bitcoin Spending — But Thresholds Are Too Low

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Bitcoin Magazine Senator Lummis’ New Bill Enables Tax-Exempt Bitcoin Spending — But Thresholds Are Too Low Today, Senator Lummis unveiled a bill that would enable U.S. citizens to spend up to $300 worth of bitcoin on goods and services, with a yearly cap of $5,000, without having to pay capital gains taxes on the transactions.

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Senator Lummis presents bill to insert crypto tax definitions to shield micro-payments, validation rewards

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Senator Cynthia Lummis filed a bill on July 3 that rewrites multiple sections of the Internal Revenue Code to govern how crypto users calculate, defer, and report taxable income. The measure inserts statutory definitions for “digital asset” and “actively traded digital asset,” classifying any cryptographically recorded unit of value as property unless it merely mirrors

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Connecticut bans Bitcoin use for state investment

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Connecticut has taken a firm stance against government involvement in digital assets like Bitcoin. On June 30, Governor Ned Lamont signed a new bill into law that bans state agencies from investing in crypto, including Bitcoin. The legislation, known as House Bill 7082, also prevents state entities from accepting these assets as payment for any

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Supreme Court confirms IRS right to access customer data from crypto exchanges without warrant

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The United States Supreme Court has allowed a lower court ruling to stand, granting the Internal Revenue Service broad authority to access customer data from cryptocurrency exchanges. On Monday, the court denied a petition for a writ of certiorari in Harper v. Faulkender, docket number 24-922, ending a legal challenge that questioned the constitutionality of

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