Regulation & Politics
Examining the laws, guidelines, and policies governing the operation of cryptocurrencies, blockchain technology, and financial services.
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Trump Blocks Housing Bill Signing Over Voter ID Demand, Putting CBDC Ban in Limbo
President Trump canceled the signing ceremony for the 21st Century ROAD to Housing Act, which includes a statutory ban on a Federal Reserve-issued CBDC through 2030, demanding Congress first pass the SAVE America Act voter-ID legislation. The housing bill passed both chambers with veto-proof margins and may become law automatically.
Binance Tells EU Users It Will Wind Down Services as MiCA Deadline Hits
Binance has begun notifying European Union customers it will restrict services after withdrawing its Greek MiCA application, realizing the EU-exit risk that surfaced earlier this month as the bloc's July 1 enforcement deadline nears.
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Trump Blocks Housing Bill Signing Over Voter ID Demand, Putting CBDC Ban in Limbo
President Trump canceled the signing ceremony for the 21st Century ROAD to Housing Act, which includes a statutory ban on a Federal Reserve-issued CBDC through 2030, demanding Congress first pass the SAVE America Act voter-ID legislation. The housing bill passed both chambers with veto-proof margins and may become law automatically.
Binance Tells EU Users It Will Wind Down Services as MiCA Deadline Hits
Binance has begun notifying European Union customers it will restrict services after withdrawing its Greek MiCA application, realizing the EU-exit risk that surfaced earlier this month as the bloc's July 1 enforcement deadline nears.
Lummis Sets July as Senate Floor Deadline for Clarity Act, Tells Dimon to Read the Bill
Senator Cynthia Lummis announced Wednesday that the Digital Asset Market Clarity Act will reach the Senate floor in July, the first public floor-date commitment from the bill's lead sponsor. Lummis made the statement on Fox Business and challenged JPMorgan CEO Jamie Dimon to review the bill over the July 4 recess.
Binance Withdraws Greece MiCA Application, Targets New EU Jurisdiction Before July Deadline
Binance has confirmed it is withdrawing its MiCA license application in Greece and will seek authorization in a different EU member state, with the July 1 wind-down deadline for unlicensed crypto firms days away. The target jurisdiction remains undisclosed.
CFTC Sues Kentucky, Making It the Ninth State in Prediction-Market Jurisdiction Fight
The CFTC filed suit against Kentucky on Monday after the state sued prediction-market operators Kalshi and Polymarket for operating without gaming licenses, making Kentucky the ninth state to face federal litigation over who controls event-contract regulation.
Senate Democrats Demand Hearings on $500M Trump-UAE-World Liberty Financial Deal
Five senior Senate Democrats sent a formal letter to Republican committee chairs demanding immediate hearings into a $500 million deal in which Abu Dhabi royalty acquired a stake in World Liberty Financial before Trump's inauguration, and into the arms sales and AI chip approvals that followed.
Congress Passes Fed CBDC Ban Through 2030, Sends Bill to Trump
Both chambers of Congress have passed the 21st Century ROAD to Housing Act, which prohibits the Federal Reserve from issuing a central bank digital currency until December 31, 2030. The House cleared the bill 358-32 on Tuesday, one day after the Senate's 85-5 vote, sending it to President Trump for signature.
Digital Chamber CEO Carbone Presses Senate for CLARITY Act Vote, Citing Financial Friction Cost to Americans
Cody Carbone of The Digital Chamber testified Tuesday before the Senate Banking Committee that passing the CLARITY Act is a prerequisite for reducing financial friction costs that fall hardest on lower-income households, as no Senate floor vote has yet been scheduled.
Nearly 100 Catholic Leaders Oppose CLARITY Act Over Trafficking Safeguard Provisions
Close to 100 Catholic bishops and church leaders have sent a letter to Senate leadership opposing the CLARITY Act, arguing that a provision shielding non-custodial developers from money-transmitter rules would weaken federal safeguards against human trafficking and other financial crimes.
Trump White House Negotiating CLARITY Act Ethics Deal With Senate Democrats
A Trump White House official is negotiating an ethics compromise on the CLARITY Act with Senate Democrats, the last major sticking point before a floor vote, as Senator Cynthia Lummis says the US is finally close to getting digital asset legislation right.