David Sacks has left his White House crypto post but will continue advising on technology policy. His departure comes as Congress considers market-structure legislation central to the administration’s crypto agenda.
Coinbase is intensifying its push for Congress to modernize how digital assets are taxed, saying current rules are outdated and create compliance headaches. The exchange frames the effort as constructive engagement to reduce taxpayer confusion and align tax policy with market realities.
Congress will hold a hearing titled “Tokenization and the Future of Securities: Modernizing Our Capital Markets” next week, bringing lawmakers and industry experts together to assess tokenized securities. The session comes as the CLARITY Act advances, signaling growing legislative focus on digital asset frameworks.
Senators Van Hollen, Warren and Gallego said they will press the Justice Department to complete a reported investigation into Binance. The statement underscores growing Congressional scrutiny of major crypto platforms.
The Senate-backed housing package includes a ban on a U.S. central bank digital currency and has secured White House support, marking a rare bipartisan consensus. Lawmakers say the move strengthens privacy and limits federal involvement in retail digital currency design.
On Feb. 26, 2026, Reps. Scott Fitzgerald, Ben Cline and Zoe Lofgren introduced the Promoting Innovation in Blockchain Development Act of 2026—known as the CLARITY Act—to shield software developers who write code but do not control user funds from prosecution under criminal code Section 1960. The bipartisan measure aims to reduce legal uncertainty for open-source builders in the DeFi space.
Lawmakers criticized the SEC Chair for moves they say have diluted crypto oversight amid a market downturn, saying President Trump's crypto-related activity may be eroding investor confidence.
Six U.S. senators cited a 162% rise in illicit crypto activity in 2025 while pressing the Deputy Attorney General to explain the DOJ's decision to disband its cryptocurrency enforcement unit.
A comprehensive crypto bill has advanced in Congress and could deliver clearer rules for exchanges, custody, stablecoins and consumer protections; if it stalls, regulatory uncertainty and state-level patchworks are likely to persist.
Democrats are publicly reproaching the Securities and Exchange Commission after the agency quietly abandoned its long-running lawsuit against Ripple and several other firms, raising questions about enforcement and transparency.