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Legislation
The Ever-Dwindling Chances for a Stablecoin Law
The timeline for the introduction, markup and passage for a stablecoin bill is getting tight as Congress gears up for election season.

Top U.S. House Lawmakers Meet on Stablecoin Bill Strategy: Punchbowl
House Financial Services Committee Chairman Patrick McHenry and the panel's ranking Democrat, Maxine Waters, reportedly met with the Senate's majority leader on next steps.

Key U.S. Lawmaker McHenry Says House Has 'Workable' Stablecoin Bill
The House Financial Services Committee chairman, in his final year in Congress, is still optimistic about passing a U.S. stablecoin bill, and Sen. Cynthia Lummis said the Senate's majority leader is open to it.

Republican Lawmakers Introduce Legislation to Ban a CBDC in the U.S. ... Again
Senators Ted Cruz, Bill Hagerty, Rick Scott, Ted Budd and Mike Braun filed a bill titled "The CBDC Anti-Surveillance State Act."

England's Law Commission Seeks Views on Draft Legislation to Label Crypto as Property
The Law Commission also called for evidence on its project on digital assets and electronic trade documents in private international law.

Crypto Action in Senate Remains on Back Burner: Sources
Though industry insiders are eying Sen. Elizabeth Warren and other Democrats nervously as they push bills that may be harsh for the crypto sector, a key committee is so far holding off.

UK Minister Expects Stablecoin and Staking Legislation Within Six Months: Bloomberg
Economic Secretary to the Treasury Bim Afolami has said the U.K. government was "pushing very hard" to bring legislation for stablecoins and staking services for crypto assets within six months.

U.S. Treasury Debunks Narrative That Hamas Relied on Crypto to Fund Terrorism
The Treasury's top official on terrorism, Brian Nelson, said Hamas and other groups still prefer traditional financing, and crypto isn't figuring into their funding in a big way.

Treasury Secretary Janet Yellen Warns of Crypto Risks
Yellen is set to tell U.S. lawmakers that the FSOC is especially wary of stablecoins and the potential for digital asset runs.

U.S. Lawmakers Seek to Overturn SEC's Crypto Accounting Policy
Sen. Lummis and members of the House are pushing to repeal the SEC's Staff Accounting Bulletin 121, an effort that makes it harder for companies to custody crypto.
