August 13, 2025

Tim Scott

Funds

Rounds wins Trump endorsement after playing deal-making role in rescinding public media funds

Seth Tupper  |  South Dakota Searchlight President Donald Trump issued a reelection endorsement Monday for South Dakota’s U.S. Sen. Mike Rounds, days after Rounds helped pass Trump’s cancellation of previously approved funds for public broadcasting and foreign aid. Rounds, a Republican former governor, is serving his second term in the U.S. Senate. He’s up for

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Crypto

Cryptocurrency Regulation Advances Amid Push by Trump Admin

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

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Crypto

U.S. Senators Pitch New Crypto Market Structure Framework as Hearing Approaches

Top U.S. senators have shared the outline of what they’re after in the effort to establish rules of the road for domestic crypto markets, releasing a set of principles on Tuesday as they prepare to further hash out their intentions in an afternoon hearing. The crypto industry is excited about the recent progress of stablecoin

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Banking

Senate Banking would zero out CFPB funding in reconciliation

The Senate Banking Committee would shut off the Consumer Financial Protection Bureau’s funding stream from the Federal Reserve to provide the vast majority of deficit reduction in reconciliation provisions released Friday. The panel posted an eight-page text that would restrict the CFPB from requesting a transfer from the Fed, according to a section-by-section explanation of

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