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Democratic opposition threatens GENIUS Act, jeopardizing 2025 crypto agenda – Galaxy

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The Senate GENIUS Act bill, designed to establish federal rules for stablecoins, is facing resistance from key Democrats, jeopardizing the prospects for broader crypto legislation in 2025. The Guiding and Establishing National Innovation for US Stablecoins Act (GENIUS Act) advanced from the Senate Banking Committee in March with bipartisan support. However, nine Senate Democrats announced […]

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House Republicans release draft bill to establish federal framework for crypto regulation

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The House Financial Services and Agriculture Committee leaders published a discussion draft outlining a federal crypto framework to regulate the industry in the US on May 5. House Financial Services Chairman French Hill (R-AR), Agriculture Committee Chairman Glenn “G.T.” Thompson (R-PA), Financial Services Subcommittee Chair on Digital Assets Bryan Steil (R-WI), and Agriculture Subcommittee Chair

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Arizona senator vows to reintroduce Bitcoin reserve bill despite governor’s veto

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Arizona State Senator Wendy Rogers says she will bring back her proposed Strategic Bitcoin Reserve (SBR) bill in the next legislative session. This comes after Governor Katie Hobbs rejected the initial bill, marking the first time a sitting US governor has formally blocked such a crypto initiative. Senator Rogers shared her plans over the weekend,

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U.S. stablecoin regulation could be delayed as pro-crypto Democrats pull support

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A group of nine Democratic Senators announced that they will withdraw their support for the landmark U.S. stablecoin legislation unless changes are made to the bill. In a joint statement issued on May 3, the Senators noted that there are several issues with the current version of the stablecoin bill known as the Guiding and

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