INSUBCONTINENT EXCLUSIVE:
The political division in the US Congress over digital assets seems to be deepening as top Democrats in the House of Representatives have
Financial Services Committee ranking member Maxine Waters and the digital assets subcommittee ranking member Stephen Lynch said they would
Republican leaders said earlier this month that they would address bills on payment stablecoins, crypto market structure and central bank
three crypto bills in a floor vote, given opposition led by Democrats like Waters and Lynch
The bill to regulate stablecoins, the GENIUS Act, passed in the Senate after initial opposition from several Democrats, but debate around
added about $620 million to his personal portfolio in a matter of months due to his investments in the crypto industry, including his
family-backed business World Liberty Financial
The crypto company has also come under scrutiny for issuing its own stablecoin, USD1, as lawmakers in Congress, likely susceptible to
political influence from Trump, consider legislation to regulate the asset.In addition to the GENIUS Act, Republican lawmakers in the House
said they would consider the Anti-CBDC Surveillance State Act, a bill to block the development of a US government-issued digital dollar, and
the CLARITY Act to establish a digital asset market structure
On Friday, White House crypto adviser Bo Hines said on X that he expects the chamber to pass the GENIUS Act without any amendments or
In June, Senate Banking Committee Chair Tim Scott, Hines and Wyoming Senator Cynthia Lummis said the chamber would work toward drafting,
introducing and passing a bill by Sept
have over digital assets, specifically the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC)
