Senate

The Senate Banking Committee took a historic step today by advancing a comprehensive Cryptocurrency Regulation Bill to the Senate floor.

The most significant news of the week is the accelerating momentum of Senate Bill S.954, better known as the BITCOIN Act of 2025 (Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide).

The U.S. Senate has reached a historic consensus by confirming Mike Selig as the new Chairman of the Commodity Futures Trading Commission (CFTC) and elevating Travis Hill to lead the Federal Deposit Insurance Corporation (FDIC).

In a significant political manoeuvre, a coalition of over 100 digital assets companies and advocacy groups has sent a letter to the U.S. Senate calling for robust federal protections for open source software developers.

After some back and forth with senators, the cryptocurrency amendment (Wyden-Lummis-Toomey) has gone up in smoke in the Senate. What will crypto exchanges, miners and developers do now?

The largest infrastructure bill in US history has just been sent to the US Senate for consideration. However, the bill requires cryptocurrency miners, marked as "brokers," to pay a huge amount of tax, which Senator Cynthia Lummis and her colleagues questioned and immediately filed an amendment.

Being a cryptocurrency supporter is something like a trend now. This has triggered politicians to become crypto-friendly to win the support of people. Did it help them to win elections?

The US Senate adopted new legislation allowing law enforcement agencies to access encrypted data. Such provisions would complicate the operation of the cryptocurrency industry within the country, forcing businesses to go offshore.

The FBI thinks bitcoin can pose a general threat to the USA. During an inquiry on security threats fronting the US and the world at large, an American lawyer serving as a Director FBI Christopher Asher Wray affirmed this to the chief oversight agency dubbed Senate Homeland Security Committee and Government Affairs.