Congress


Policy

Pro-Blockchain Bill Clears Hurdle in U.S. House

The legislation would tell the U.S. secretary of commerce to officially cheer for domestic blockchain technology, though its path toward becoming a law is uncertain.

A piece of legislation that just passed a U.S. House of Representatives committee would tell the Department of Commerce to boost blockchain technology. (Nikhilesh De/CoinDesk)

Videos

Crypto Advocate Rep. McHenry Says He Won't Seek Reelection

Rep. Patrick McHenry (R-N.C.), arguably one of the crypto industry's most important advocates in Congress, has decided not to seek another term, he announced in a post on X (formerly Twitter). CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses the possible implications for negotiations on current crypto bills and the broader U.S. crypto regulatory landscape. 

Recent Videos

Policy

House's McHenry Says He Won't Seek Reelection, Costing Crypto a Top Ally

Rep. Patrick McHenry, the chairman of the House Financial Services Committee who has shepherded crypto legislation this year, said he's decided not to run again next year.

Rep. Patrick McHenry (R-N.C.) is leading efforts in the House to pass stablecoin legislation (Suzanne Cordeiro/Shutterstock/CoinDesk).

Consensus Magazine

Elizabeth Warren: D.C.'s Crypto Critic-in-Chief

The U.S. Senator from Massachusetts is skeptical of crypto. It's a position she leaned into in 2023.

The artist Die with the most likes's rendering of Elizabeth Warren for Most Influential 2023.

Consensus Magazine

Patrick McHenry Is Dragging Crypto Bills Through Congress

The bowtied chairman of the House Financial Services Committee has shown persistence in the face of increasing partisanship on crypto issues.

U.S. Rep. Patrick McHenry in grey jacket and pink bow tie

Policy

Republicans' Leadership Squabbles Delayed U.S. Crypto Bills Until 2024, Key Lawmakers Say

Republican Rep. French Hill and Democrat Rep. Jim Himes see potential future floor votes for crypto bills being key to convincing the Democrat-controlled Senate to play ball.

U.S. Rep. Patrick McHenry got tied up as temporary Speaker of the House, distracting him from crypto legislation. (Jesse Hamilton/CoinDesk)

Policy

U.S. Treasury Campaigning for Amplified Powers to Chase Crypto Overseas

A top official has asked members of Congress for new laws to extend the Treasury's crypto reach beyond its existing enforcement and sanctions abilities.

U.S. Deputy Secretary of the Treasury Wally Adeyemo has campaigned Congress to provide new authorities to oversee crypto outside the U.S.  (Suzanne Cordiero/Shutterstock/CoinDesk)

Consensus Magazine

‘We're Not Asking for Special Treatment’: Coin Center on the Proposed IRS Broker Rules

Peter Van Valkenburgh on why the crypto industry has responded with 120,000 comments to the controversial new tax regulations.

Crypto advocate Peter Van Valkenburgh argues the IRS' extended reporting requirements violate the First and Fourth Amendments. (Coin Center)

Policy

U.S. House's Spending Bill Aims to Hamstring SEC's Gensler Amid His Crypto Crackdown

Lawmakers agreed to an amendment from Tom Emmer, a senior House member and vocal crypto supporter, to insert an SEC-blocking provision in their government spending plan.

U.S. Rep. Tom Emmer (Jesse Hamilton/CoinDesk)

Policy

U.S. Bill Proposes Outlawing Government Use of China-Made Blockchains and Tether's USDT

Government officials would no longer be able to use networks developed by China that power crypto transactions, according to a new bipartisan bill.

US Capital building (Matt Anderson/Getty Images)