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Congress
US Stablecoin Bill Delayed by Congressional Committee Until After August
The head of an influential House panel said negotiations on the measure won't take place until after the summer recess.

Will Stablecoins Be Tethered to the Fed? Lawmakers Have Circled That Option
The U.S. central bank may get a leading role in policing stablecoins, according to legislation being negotiated in the House of Representatives. Crypto analysts weigh what that means.

Top GOP Senator Slams SEC for Ignoring Crypto Turmoil
The ranking Republican on the Banking Committee accused the agency of failing to provide regulatory clarity that could have prevented Celsius' bankruptcy and other recent industry damage.

US Senators Push Bill to Make Small Crypto Transactions Tax-Free
The top Republican on the Senate Banking Committee joined Democrat Kyrsten Sinema in legislation to exempt transactions of less than $50.

US Stablecoin Bill Delayed, but Draft Language May Soon Emerge
As negotiations slow the release of a bipartisan bill until possibly September, lawmakers may put out some initial language soon to spur discussion.

Stablecoin Firms Face Tough Reserve, Capital Demands in US Bill, Source Says
Digital tokens such as tether and Circle’s USDC that are vital to functional crypto markets would have to meet stringent new requirements in legislation that’s close to the finish line.

SEC Enforcement Head Asks Congress for More Resources to Tackle Crypto Issues
Gurbir Grewal told members of a House Financial Services subcommittee he hopes to hire 125 more people, if he can get the funding.

Paraguayan Senate Passes Bill Regulating Crypto Mining and Trading
The text must now be approved or vetoed by the country’s executive branch.

US Congressional Group ‘Disturbed’ by Crypto Mining Energy Usage
The six Democratic lawmakers found that seven large crypto miners consume enough energy to power all the households in Houston, Texas.

Brazilian Congress Postpones Crypto Bill Vote Until After October Presidential Elections
Deputies were originally scheduled to consider the text this week, which has already been approved by the Senate.
