A high-stakes legislative battle is unfolding in Washington and Tallahassee this week as the United States moves closer to treating Bitcoin as a legitimate sovereign reserve asset.
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?