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Conner Brown, Executive Director at the Bitcoin Policy Institute, welcomed the House Financial Services Committee’s advancement of the Strategic Bitcoin Reserve Bill on Wednesday.

Add preferred source The U.S. Senate rejected the Digital Asset Market Clarity Act in a 49-50 procedural vote on Tuesday, falling 11 votes short of the 60 needed to advance. Four Republicans joined nearly all Democrats in opposition. The bill would have established a regulatory framework dividing oversight between the SEC and CFTC. Democratic opposition…

The crypto news that matters most this week is not about price charts. The House Financial Services Committee votes today on H.R. 8957, the bill that would lock 328,000 seized Bitcoin into a federal reserve for 20 years, per KuCoin. The Fed also gives its rate call today with hike odds at 87%, per CoinGabbar.

The vote exposed an unexpected coalition in Washington, where campaign spending and intensive lobbying failed to secure a path forward.

H.R. 8957, the Strategic Bitcoin Reserve bill, heads to the House Financial Services Committee Wednesday for its first formal Congressional consideration.

8h15 ▪6min read ▪ byAriela R. Getting informed▪Crypto regulationSummarize this article with:

Bitcoin (BTC)Regulation Author Ahmed Barakat Author Part of the Team Since Mar 2024 About Author

Legislation that would bring cryptocurrency into the regulated financial system has stalled in the U.S. Senate. President Donald Trump had thrown his weight behind the bill as a way to energize the crypto market, but questions over financial gains by him and his family derailed it

Trump backed crypto bill blocked by US Senate as Bitcoin falls 5% – BusinessToday Search Advertisement Business News world news Trump-backed crypto bill blocked by US Senate as Bitcoin falls 5%

DeepInsight Summary: The CLARITY bill failed in the Senate with a vote of 49 to 50, far short of the 60-vote threshold. This is not the end for crypto: the CFTC and SEC will continue pushing to implement regulations, but a comprehensive legislative framework that is difficult to overturn is unlikely in the near term.…