Speaking at The Bitcoin Conference, Senator Cynthia Lummis framed Bitcoin as “freedom money,” signaling that Senate lawmakers are preparing a May markup of the long-delayed Clarity Act.
Over 100 cryptocurrency firms and industry organizations are urging the U.S. Senate to move forward on long-delayed market structure legislation, cautioning that further delays could drive innovation and capital abroad.
Treasury Secretary Scott Bessent told a Senate panel Wednesday that passing comprehensive crypto legislation is vital to maintaining U.S. financial leadership.
Bitcoin rose to around $76,000 as whales accumulated 45,000 BTC and institutional inflows surged, while U.S. officials including Kevin Warsh and Admiral Paparo signaled growing acceptance of Bitcoin in finance and national security.
Admiral Samuel Paparo of U.S. Indo-Pacific Command told the Senate Armed Services Committee that Bitcoin is a “valuable computer science tool as power projection."
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 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.
PREDICT BITCOIN
