Congress
Sen. Lummis Mounts Last-Ditch Effort to Modify Crypto Broker Language
With Biden’s signature imminent, the Wyoming senator is trying once more to narrow the bill’s “broker” scope.

US Stablecoin Report Gets Mixed Reviews From Crypto Industry
Issuers’ reactions ranged from effusive to diplomatic, but lobbyists pushed back against stablecoin recommendations by the President’s Working Group on Financial Markets.

Biden’s ‘Build Back Better’ Act Would Close Crypto Tax Loophole
The provision adds cryptocurrency transactions to constructive sale rules under the tax code.

CFTC Should Be Crypto’s ‘Primary Cop,’ Acting Chairman Says
Rostin Behnam points to enforcement actions the agency has already taken.

DeFi on the Ballot: Yearn Developer Matt West on Running for Congress
Former Yearn.Finance developer Matt West has declared his candidacy for Oregon’s newly formed 6th U.S. House district as a Democrat. West discusses what it means to be the first DeFi developer to run for Congress on a pro-crypto platform and what he hopes to achieve through his campaign.

What I Learned About Crypto Regulation From a Week in DC
Crypto has arrived in the capital and concerns about stablecoins are very real. Nikhilesh De, CoinDesk’s managing editor for global policy and regulation, takes stock.

US Lawmakers Push Back on Facebook’s Novi Wallet Launch
A group of Democrat senators is taking umbrage with a pilot launch involving Novi and Paxos’ USDP stablecoin.

Crypto Learns to Play the DC Influence Game
The infrastructure bill was the first shot in a long battle on Capitol Hill. But do lobbyists in Washington really understand crypto?

Crypto Is Too Big for Partisan Politics
The industry enjoys broad support among the American people, and that should be reflected by our elected officials, too.
