Crypto is taking over Capitol Hill. President Donald Trump has repeatedly underlined a friendly regulatory regime for cryptocurrency as a legislative priority, and his administration’s preferred deadline for Congress to act is fast approaching. Early on in Trump’s second term, the administration set the August recess as a deadline for Congress to standardize regulations for
This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. Jonathan Gould, the nominee to head up the Office of the Comptroller of the Currency, pledged to “shine a spotlight” on any de-banking activities during a Senate Banking Committee nomination hearing Thursday. Gould,
Senate Banking Committee Chair Tim Scott tackles Hagerty’s GENIUS stablecoin legislation despite … [+] Senator Elizabeth Warren’s pushback. CQ-Roll Call, Inc via Getty Images The Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act) took a major step toward becoming law after passing the Senate Banking Committee in a bipartisan 18-6 vote. Sponsored