Senate Banking Chairman Tim Scott's sweeping crypto bill faces sharp criticism from Senate Judiciary Chairman Chuck Grassley and ranking member Dick Durbin, who say the measure raises serious concerns. The bipartisan pushback could slow or reshape the proposed regulatory overhaul.
The White House has warned it may withdraw backing for a proposed crypto market bill after Coinbase said it does not support the legislation’s current approach. The dispute widens a split between regulators and major industry players and could reshape the bill’s future.
Democratic negotiators have reentered discussions on a U.S. crypto market-structure bill but say the details of their talks will remain confidential. Their return signals renewed momentum for legislation that could shape regulation and market oversight.
Ripple CEO Brad Garlinghouse urged the industry not to abandon the high-stakes market structure bill, saying, "We shouldn’t give up—we’re so close." He framed passage as pivotal for XRP and broader market clarity.
Sen. Chris Rose has filed legislation allowing the West Virginia Treasury to allocate up to 10% of assets to precious metals and digital currencies. Supporters say the move would diversify state holdings and signal growing acceptance of crypto.
Coinbase announced it is withdrawing support for a proposed crypto market structure bill, with CEO Brian Armstrong saying the measure had "too many problems." The move raises new questions about the bill's path forward and industry consensus.
The US Senate released a draft crypto bill that assigns regulatory responsibilities, creates an ancillary asset classification, and sets minimum standards for exchanges. The proposal aims to reduce legal uncertainty and introduce clearer oversight for digital-asset markets.
Senators Lummis and Wyden introduced bipartisan legislation to exempt crypto software developers from money transmitter regulations when they do not custody user funds. The proposal aims to give clearer legal footing to builders of wallets, smart contracts and infrastructure.
Coinbase is threatening to pull backing from a landmark crypto market-structure bill due Jan. 12, citing a dispute over limits on stablecoin reward programs that pit digital-asset firms against traditional banks.
Coinbase warned lawmakers it may withdraw backing for a major digital asset bill if added restrictions limit its ability to pay interest on customers' stablecoins. The move heightens tensions between exchanges and regulators over how interest-bearing crypto products should be treated.