Senate


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Messari CEO Reflects on Senate’s Influence on Crypto Industry

As part of CoinDesk's Most Influential 2023, Messari CEO Ryan Selkis discusses the impact of Washington's influence on the crypto sector. "The ongoing Democratic control of the Senate in the U.S. will basically set the crypto industry back to 2030. And most people would be better off moving offshore than continue to operate in the U.S," Selkis said.

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Sens. Lummis, Gillibrand Discuss Regulatory Landscape for Crypto in the U.S.

As part of CoinDesk's State of Crypto 2023 event in Washington, D.C., U.S. Senators Kirsten Gillibrand (D-N.Y.) and Cynthia Lummis (R-W.Y.) discuss why they're urging the inclusion of an illicit finance amendment to the final version of the Senate's defense spending package. Plus, a wider conversation on the outlook for crypto legislation and the biggest regulatory challenges in Congress.

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Bipartisan Senate Bill Wants DeFi to Impose Bank-Like Controls on User Base

Some U.S. Senators are introducing a new bipartisan bill that would place stringent anti-money laundering (AML) requirements on decentralized finance protocols. The bill was introduced Wednesday by Sen. Jack Reed (D-R.I.) a member of the Senate Banking Committee. Mike Rounds (R-S.D.), Mitt Romney (R-UT) and Mark Warner (D-VA) are co-sponsors. "The Hash" panel discusses details from the description of the bill reviewed by CoinDesk and outlook on U.S. regulation within the crypto sector.

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Fed's Powell: No Decision yet on Size of March Rate Hike

U.S. Federal Reserve Chairman Jerome Powell stressed that the central bank has yet to decide on the size of the rate hike when the Federal Open Market Committee (FOMC) meets later in March. Testifying before the House Financial Services Committee for his semi-annual monetary policy report on Wednesday, Powell made a notable change from Tuesday's Senate testimony in his prepared remarks.

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New Senate Committee Plan Could Grant CFTC Primary Crypto Jurisdiction

The Senate's agriculture committee, which oversees the Commodity Futures Trading Commission (CFTC), introduced a bipartisan bill Wednesday that would grant the CFTC "exclusive jurisdiction" over cryptocurrency trades that meet commodities law. "The Hash" discusses the latest in the U.S. crypto regulatory landscape amid an ongoing turf war.

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Bitcoin Miners Giving Up on New York Amid Regulatory Uncertainty

New York’s bitcoin mining companies are increasingly considering abandoning their aspirations in what was once a promised land. This comes as the state’s Senate considers a bill to ban new mining projects that use carbon-based energy sources, pending a review of the industry’s environmental impact.

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Crypto Community Rallies Against NY State New Mining Bill

A rally was recently held in Albany, New York, against the crypto mining bill that the State Senate will vote on soon. CoinDesk's Nikhilesh De shares his experience at the event, explaining why the Empire State's crypto community is frustrated with the legislation and a proposed alternative bill. 

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Everything You Need to Know About New York’s New Crypto Bill

The Blockchain Association New York State Lead John Olsen discusses a recent bill passed in the New York State Assembly to ban non-renewable crypto mining. Olsen explains the details of the legislation, the chances of it getting passed in the Senate and misconceptions about blockchain technology amongst lawmakers.

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OG Bitcoiner Bruce Fenton on Why He's Running for New Hampshire Senate Seat

Bruce Fenton, Chainstone Labs CEO & founder, and former executive for the Bitcoin Foundation, explains his plans to run for a U.S. Senate seat in New Hampshire, discussing crypto regulation, free markets and his association with the Republican Party. Plus, a conversation on Chris Larsen’s $5 million campaign to change the Bitcoin code and the environmental impact of proof-of-work. 

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CFTC Chairman Rostin Behnam to Testify Before House Agriculture Committee

CoinDesk Managing Editor for Global Policy and Regulation Nikhilesh De explains what to expect from CFTC Chairman Rostin Behnam’s testimony before the House Agriculture Committee. Plus, a conversation about Bruce Fenton’s run for a New Hampshire U.S. Senate seat and the broader trend of crypto industry engagement in politics.

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