Senate

Kevin Warsh, President Donald Trump’s nominee to lead the Federal Reserve, has reported an equity stake in Bitcoin payments startup Flashnet.

Crypto and banking industry representatives will review a revised stablecoin yield proposal this week as lawmakers try to resolve a months-long dispute over whether stablecoin issuers should be allowed to offer yield.

The Senate Agriculture Committee advanced a crypto market bill 12-11 along party lines.

The White House is reportedly convening banking and crypto executives on February 2 to revive stalled U.S. crypto legislation, after Senate progress on market-structure rules collapsed earlier this month.

The bitcoin price rebounded above $90,000 as traders weigh the looming Fed rate decision.

The Senate’s crypto market structure bill is likely to be pushed back for weeks after Coinbase withdrew its support, prompting the Banking Committee to shelve the legislation and pivot to housing priorities.

U.S. Senate Democrats are reportedly set to reopen talks with representatives from the cryptocurrency industry on Friday regarding the CLARITY Act.

The Digital Asset Market CLARITY Act heads into a crucial week on Capitol Hill as Senate committees prepare markups on the long-awaited U.S. crypto regulation.

Coinbase may drop support for the CLARITY Act if it limits its lucrative stablecoin reward programs.

Senate Republicans proposed a “closing offer” on ongoing crypto legislation as Tim Scott plans markup next week.