U.S. Congress | ForkLog

ForkLog 5 11.04.2025

Senators Criticize Closure of Cryptocurrency Crime Task Force as a “Grave Mistake”

The U.S. Department of Justice’s decision to dismantle the NCET will aid in sanction evasion and fraud, according to a letter addressed to Attorney General Todd Blanche from a group of senators. The appeal was sent by Elizabeth Warren, Richard Durbin, Mazie Hirono, Sheldon Whitehouse, Christopher Coons, and Richard Blumenthal. The senators described the Justice […]

AI translated

ForkLog 24 10.04.2025

Paul Atkins Confirmed as SEC Chairman by Senate

The U.S. Senate voted to confirm Paul Atkins as the chairman of the Securities and Exchange Commission (SEC). Fifty-two senators supported the nomination, 44 opposed, and four abstained from the vote. President Donald Trump nominated Atkins for the SEC chairmanship in December 2024. Many in the crypto industry considered him a suitable choice, given his […]

AI translated

ForkLog 19 14.03.2025

US Senate Banking Committee Backs Stablecoin Regulation Bill

The US Senate Banking Committee has approved a bill introduced by Senator Bill Hagerty to regulate stablecoins at the federal level. During the hearings, 18 votes were cast in favor and six against. The document will next be considered by the full upper chamber of Congress. During the committee meeting, some provisions of the bill […]

AI translated

ForkLog 6 14.03.2025

Congress Urges Halt to Bitcoin Reserve Plan

SBR will bring “no tangible benefits” and will only enrich President Donald Trump and his sponsors, according to a letter from U.S. Representative Gerald Connolly to Treasury Secretary Scott Bessent. The legislator, representing Michigan and the Democratic Party, is a member of the Committee on Oversight and Government Reform. Connolly emphasized that Trump did not […]

AI translated

ForkLog 7 07.03.2025

Elizabeth Warren Urges ‘Crypto Czar’ to Disclose Digital Asset Transactions

Donald Trump’s special advisor on AI and cryptocurrencies, David Sacks, has been asked to provide data on digital asset transactions. This request was made in a letter addressed to him by Senator Elizabeth Warren, reports Axios. The document raises concerns about potential conflicts of interest involving officials and their teams. It also questions the ethics […]

AI translated

ForkLog 9 13.02.2025

JPMorgan Outlines Conditions for Tether’s Compliance with US Regulations

Tether may need to sell its Bitcoin holdings to comply with proposed US stablecoin regulations, according to JPMorgan, as reported by The Block. Analysts estimate that only 66%-83% of USDT reserves meet the requirements. Data: JPMorgan. Data: JPMorgan. The experts’ conclusions are based on the proposed Stablecoin Transparency and Accountability for Better Economic Spreadsheet (STABLE) […]

AI translated

ForkLog 19 07.02.2025

US Congress Unveils Draft Bill for Stablecoin Regulation

The chairmen of the US House Financial Services Committee and the Subcommittee on Digital Assets, French Hill and Bryan Steil, have released a draft bill aimed at regulating stablecoins. ?NEW: Chairman @RepFrenchHill and @RepBryanSteil today released their discussion draft for #stablecoins. Read more?https://t.co/wIzov4s99t — Financial Services GOP (@FinancialCmte) February 6, 2025 The document aims to […]

AI translated

ForkLog 36 05.02.2025

David Sacks Prioritizes Bitcoin Reserve Assessment

Assessing the bitcoin reserve is a primary task for the Digital Asset Markets Working Group, according to David Sacks, special advisor to Donald Trump on AI and cryptocurrencies and head of the group. The creation of a national bitcoin reserve was among the campaign promises of the U.S. President. Sacks described the asset as an […]

AI translated

ForkLog 7 29.01.2025

Elizabeth Warren Questions Ties Between U.S. Commerce Secretary Nominee and Tether

Senator Elizabeth Warren has expressed “serious concern” over Howard Lutnick’s “personal ties” with Tether and its affiliates. This was stated in her letter to the nominee for the U.S. Commerce Secretary position. The anti-crypto senator raised questions about the collaboration between Tether and Cantor Fitzgerald, where Lutnick served as CEO. She described the stablecoin issuer […]

AI translated

ForkLog 11 23.01.2025

US Congress scrutinises the ethics of Donald Trump’s crypto ventures

US Representative Gerald Connolly called for an investigation into a potential conflict of interest linked to Donald Trump’s cryptocurrency projects. In a letter to the chair of the House Oversight and Government Reform Committee, the congressman noted that the sitting president may be profiting from the World Liberty Financial (WLFI) platform and the TRUMP memecoin. […]

AI translated

ForkLog 24 10.01.2025

Cynthia Lummis to chair Senate subcommittee on digital assets

The US Senate Banking Committee has preliminarily approved Senator Cynthia Lummis to chair the subcommittee on digital assets. Senate Banking subcommittee on digital assets has the following GOP members, per internal planning doc: Lummis (Wyo)- ChairMoreno (Ohio)Tillis (NC)Hagerty (Tenn)McCormick (Pa.) — Brendan Pedersen (@BrendanPedersen) January 9, 2025 The panel will also include several crypto-friendly lawmakers […]

AI translated

ForkLog 23 18.12.2024

US Senator Declares Cryptocurrencies the New ‘Wonder of the World’

The chairs of the US Senate Banking Committee and the House Financial Services Committee, Tim Scott and French Hill, will focus on cryptocurrency-related legislation in 2025, according to CoinDesk. “In my opinion, [digital assets] are the next wonder of the world,” Scott shared. At a Blockchain Association event, the lawmakers announced their collaboration with the […]

AI translated

#U.S. Congress