Senator Cynthia Lummis revealed on June 30 that she would introduce an amendment to add crypto tax language to the “One Big Beautiful Bill” (OBBB) amid pushes from crypto advocates in the same direction. Lummis posted on X that she is drafting an OBBB amendment “to ensure Americans can use digital assets without fear of […]
The House passed HB 1664 on June 26, which designates the Secretary of Commerce as the President’s principal advisor on matters involving distributed-ledger technology The measure, introduced by Rep. Kat Cammack and co-sponsored by Rep. Darren Soto, passed by voice vote under suspension of the rules on June 26, according to the chamber’s floor summary.
House clears HB 1664, setting Commerce Department as lead federal blockchain coordinator Read More »
A group of US lawmakers, led by Senator Adam Schiff, introduced a new bill on June 23 to stop public officials, including the president, from using digital assets for personal gain. The Curbing Officials’ Income and Nondisclosure bill, also known as the COIN Act, aims to tighten ethical standards amid growing concern over crypto-linked financial
COIN Act targets crypto gains by US public officials Read More »
Texas Governor Greg Abbott signed the “Bitcoin Reserve Bill” SB 21 into law on June 21, allowing the state to invest an unlimited amount of money from the state’s fund into Bitcoin (BTC). SB 21 creates the Texas Strategic Bitcoin Reserve and lets the Comptroller buy BTC so long as the asset’s market cap exceeds
When Ripple unveiled its four-point policy blueprint in London this week, the message was unmistakable: if the UK wants to lead in crypto, the time to act is now. Unfolding against a backdrop of draft legislation and shifting global regulatory alignments, the move signals Ripple’s intent to turn Britain into the world’s next blockchain capital
Why Ripple thinks London can become the main crypto powerhouse in the west Read More »
Arizona lawmakers are revisiting a previously rejected bill that would allow the state to manage a reserve fund built from seized cryptocurrencies. House Bill 2324 failed in an earlier House vote but is back in motion following a narrow 16–14 Senate decision on June 19. This decision returns the bill to the Arizona House for
Arizona revives bid for seized crypto reserve fund through House Bill 2324 Read More »
President Donald Trump, who has interests in the stablecoin USD1 via his involvement in World Liberty Financial, has called on the US House of Representatives to move quickly on the GENIUS Act, a new bill aimed at regulating stablecoins and boosting America’s role in the digital asset economy. In a June 19 post shared on
Donald Trump wants immediate action on GENIUS Act Read More »
Ohio is making a bold push to become a leader in Bitcoin and digital asset regulation with its latest regulatory effort. On July 17, the state’s House Technology Committee unanimously passed the Ohio Blockchain Basics Act (HB 116), advancing the bill to the next stage of legislative review. According to advocacy group Satoshi Action Fund,
Ohio passes blockchain bill allowing $200 tax-free Bitcoin payments Read More »
The Senate approved the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act in a 51-23 vote on June 17, sending the measure to the House for consideration. The vote followed a 68-30 cloture decision on June 11 that cut off debate and started the mandatory 30-hour countdown to the final roll call. Senator
US Senate approves landmark GENIUS Act for stablecoin regulation Read More »
Treasury Secretary Scott Bessent stated on June 17 that stablecoins could cut federal borrowing costs and slow debt growth if Congress sends the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act to the president. In an X post, he pointed to research projecting a $3.7 trillion stablecoin market by 2030 and argued that
