# Congress Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Congress", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

Trump Heads to South Carolina Amid Intensified Congressional Battle, Backed by Cryptocurrency and Artificial Intelligence Supporters

Former US President Donald Trump is re-engaging in the political arena as America prepares for upcoming Congressional elections, which will heavily influence the regulation of cryptocurrencies and artificial intelligence. Trump is reportedly leveraging his $400 million MAGA Inc. super PAC to aid vulnerable Republicans in maintaining their Congressional majority. The outcome of these elections is critical for major financial backers this cycle. The cryptocurrency industry seeks a Republican-led Congress to pass the CLARITY Act and secure favorable regulations from the SEC and CFTC. Simultaneously, the AI sector aims to counter the perception that it is a liability in elections. Trump's campaign begins with a rally in South Carolina for Senator Darlin Graham. Republican officials suggest his influence could be decisive. Concurrently, crypto, AI, and online gambling companies have contributed a record $517 million this election cycle, with significant sums directed toward Trump-aligned groups. For instance, AI-focused PACs have raised and spent tens of millions. However, AI investments face public skepticism, with concerns over data centers potentially harming local political candidates. The effectiveness of Trump's strategy will be tested in the upcoming elections, where Republican candidates may rely on his support despite its controversial nature.

cryptonews.ru08/21 19:21

Trump Heads to South Carolina Amid Intensified Congressional Battle, Backed by Cryptocurrency and Artificial Intelligence Supporters

cryptonews.ru08/21 19:21

CFTC Chairman: Agency Will Continue Work on Crypto Regulation If CLARITY Act Is Not Passed

The chairman of the U.S. Commodity Futures Trading Commission (CFTC), Michael Selig, stated that the agency will proceed with developing rules for the crypto industry if the CLARITY Act is not passed by Congress. In remarks to the CFTC's Technology Advisory Committee, Selig explained that the CFTC is preparing to allow both registered and unregistered entities to offer leveraged or margined crypto asset trading and to examine developer protections. He emphasized the agency's readiness to act should a bipartisan compromise on the bill fail in the Senate, which requires 60 votes for passage. The statements follow a White House meeting where President Trump urged Congress to pass a "fair version" of CLARITY to help the U.S. stay ahead of China. Meanwhile, some Democrats seek stronger ethics provisions in the bill, partly due to concerns over the Trump family's crypto investments. Separately, the CFTC, currently operating with Selig as its only Senate-confirmed commissioner, also asserted its exclusive jurisdiction over prediction markets and plans to sue state regulators challenging this stance.

cryptonews.ru08/20 21:50

CFTC Chairman: Agency Will Continue Work on Crypto Regulation If CLARITY Act Is Not Passed

cryptonews.ru08/20 21:50

Crypto PAC Money Won Four Primaries, Then Stalled in Miami

The crypto-focused super PAC Fairshake, along with its affiliated committees Protect Progress (supporting Democrats) and Defend American Jobs (supporting Republicans), claimed victories in four out of five recent U.S. congressional primaries. They spent approximately $3.6 million across races in Alaska, Florida, and Wyoming. Their supported Republican candidates Sydney Gruters (FL-16) and Harriet Hageman (WY Senate) won, as did Democrat Lois Frankel (FL-23). However, in a notable setback in Florida's 24th district, Protect Progress spent over $2 million on negative ads against Democrat Oliver Gilbert but failed, as Gilbert won the primary with 34.4% of the vote. Gilbert had previously accused "tech billionaire friends of Donald Trump" of backing the crypto groups' efforts. Fairshake, funded largely by Coinbase, Ripple, and Andreessen Horowitz, has amassed a substantial war chest, reporting $193 million on hand as of January. It has already spent over $130 million in the 2024 cycle. The group's stated goal is to elect a pro-crypto Congress ahead of key legislative efforts, including the Senate's upcoming consideration of the bipartisan CLARITY Act, which aims to establish a comprehensive regulatory framework for digital assets.

cryptonews.ru08/20 05:22

Crypto PAC Money Won Four Primaries, Then Stalled in Miami

cryptonews.ru08/20 05:22

Pro-Cryptocurrency PAC Wins Primaries but Loses $2M Race in Florida

A pro-cryptocurrency political action committee (PAC), Fairshake, achieved mixed results in recent U.S. primary elections, spending millions to influence races ahead of the 2026 midterms. Fairshake's affiliated PACs, Protect Progress and Defend American Jobs, supported candidates in Alaska, Florida, and Wyoming, spending approximately $3.6 million. Four out of five candidates backed by their ads won their primaries or advanced. These included Democrat Lois Frankel in Florida, Republican Nick Begich in Alaska, Republican Sydney Gruters in Florida, and Representative Harriet Hageman in Wyoming's Senate race. However, a high-profile $2 million negative ad campaign by Protect Progress failed to defeat Democrat Oliver Gilbert in Florida's 24th District. Gilbert won despite the ads, which he attributed to "Trump's techie-billionaire friends" and "crypto-scammers trying to buy a Democratic primary." A PAC representative defended the ads' factual accuracy. Fairshake, with a reported $193 million war chest, has spent over $130 million in the 2024 cycle supporting pro-crypto candidates and opposing critics. A spokesperson stated the PAC is "just getting started" to build the largest pro-crypto Congress in history. The outcomes could impact future crypto legislation, such as the pending CLARITY Act, as the 2026 elections may shift congressional control and determine which parties advance or block industry-related bills.

cryptonews.ru08/19 22:12

Pro-Cryptocurrency PAC Wins Primaries but Loses $2M Race in Florida

cryptonews.ru08/19 22:12

CEO of Solana Policy Institute Assesses Chances of CLARITY Act Passing Before Congressional Elections

The CEO of the Solana Policy Institute, Miller Whitehouse-Levine, stated that the window for passing the comprehensive crypto market structure bill, the CLARITY Act, is almost closed. He estimates only a 10% chance of the bill's approval before the November 2026 Congressional elections. The bill's progress has stalled, with a Senate vote delayed until after the August recess. Whitehouse-Levine noted that advancing legislation becomes increasingly difficult as the current Congressional term nears its end. He explained that new stakeholders realizing the bill might pass have entered the process, complicating negotiations with more parties involved. Given the legislative hurdles, industry experts, including Whitehouse-Levine, are now focusing more on potential rule changes from regulators like the SEC and CFTC as a more feasible path forward for crypto regulation in the US.

cryptonews.ru08/19 22:07

CEO of Solana Policy Institute Assesses Chances of CLARITY Act Passing Before Congressional Elections

cryptonews.ru08/19 22:07

Ripple's Dual Goal: 'IPO and Clarity Act!' Important Statements from Ripple's CEO and Chief Legal Officer!

Following its prolonged legal battle with the U.S. SEC, Ripple is expanding through partnerships and acquisitions. Regarding a potential IPO, CEO Brad Garlinghouse stated at the 2026 Wyoming Blockchain Symposium that he is "more neutral" on the possibility. He emphasized Ripple is in a strong financial position, having bought back around $3 billion in shares and made $2.5 billion in acquisitions recently, reducing the immediate need for public funding. However, he did not rule out an IPO entirely. On the regulatory front, Ripple's Chief Legal Officer Stuart Alderoty highlighted September 15 as a critical milestone for the U.S. crypto bill, the CLARITY Act. An initial procedural Senate vote on that date will determine the bill's path forward in Congress, requiring 60 votes to advance. Alderoty expressed optimism for its passage but warned that failure to establish clear crypto legislation could drive companies, investments, and innovation away from the United States, costing the country significant economic opportunities. He stressed that regulatory guidance alone is insufficient without a durable legal framework.

cryptonews.ru08/19 16:31

Ripple's Dual Goal: 'IPO and Clarity Act!' Important Statements from Ripple's CEO and Chief Legal Officer!

cryptonews.ru08/19 16:31

US Wants to Ban Issuance and Sale of Stablecoins Without a License

A bill in the U.S. Congress proposes mandatory licensing for cryptocurrency companies. If passed, starting January 18, 2027, all stablecoin issuers would be required to obtain a federal or state license. Crypto platforms could offer customers stablecoins from foreign issuers, but only if those issuers comply with U.S. law and relevant intergovernmental agreements. Even stricter restrictions are proposed for July 18, 2028, with the Treasury Department seeking to prevent U.S. crypto exchanges and services from offering Americans stablecoins issued by entities without an official U.S. Treasury license. Treasury Secretary Scott Bessent stated these measures aim to "secure the dollar's status as the leading global reserve currency." The draft amendments are currently in a 60-day public comment period before moving to Congress. Meanwhile, another crypto market bill, CLARITY, is stalled in the Senate due to protracted negotiations, particularly over an "ethical provision" that would ban high-ranking officials, including the U.S. President, from participating in the crypto business. To prevent a potential veto, supporters have proposed adding an amendment allowing the President a deferral on federal capital gains tax from crypto asset sales.

cryptonews.ru08/19 09:16

US Wants to Ban Issuance and Sale of Stablecoins Without a License

cryptonews.ru08/19 09:16

SEC proposes new crypto rules in absence of CLARITY Act

The U.S. Securities and Exchange Commission (SEC) has proposed new rules for crypto asset investment contracts, citing the failure of Congress to pass the CLARITY Act. The rules aim to establish a tailored securities offering regime, allowing entities to raise capital with investor protections. They do not include an expected "innovation exemption" for crypto stocks. The proposal offers exemptions permitting crypto companies to issue up to $5 million in tokens over four years and $75 million in 12 months, with a safe harbor from "investment contract" classification. Issuers must provide financial statements and comply with ongoing reporting. A 60-day public comment period will follow. SEC Chair Paul Atkins stated that while the SEC supports the CLARITY Act, legislation is still needed for durable rules. The announcement preceded a CFTC meeting on crypto regulation. With the Senate in recess, the CLARITY Act faces a tight timeline for a vote before the new Congress is sworn in.

cointelegraph08/18 21:36

SEC proposes new crypto rules in absence of CLARITY Act

cointelegraph08/18 21:36

SEC Schedules Meeting on New Crypto Market Rules Amid CLARITY Act Pause

The U.S. Securities and Exchange Commission (SEC) has scheduled an open meeting for August 14 to consider new rules for a special regime governing certain crypto asset investment contracts. This move comes as Congress failed to pass the Digital Asset Market Clarity Act (CLARITY), a comprehensive crypto market structure bill, before the recess. SEC Chair Paul Atkins stated the commission is prepared to issue its own digital asset rules if the Senate does not pass CLARITY, though the extent of the SEC's authority without Congressional action remains unclear. The SEC maintains it will continue supporting bipartisan efforts to pass CLARITY while developing a regulatory framework within its current powers to keep the U.S. competitive in crypto. CLARITY still has a chance to become law, with a Senate cloture motion filed for a vote after the recess on September 14. However, it faces significant hurdles, including further votes in both the Senate and House, and potential scrutiny from the White House. The August 14 SEC meeting will test the commission's willingness to act independently in the absence of federal law. Legal analysts warn that such SEC action risks challenge under the "major questions doctrine," a judicial principle limiting agencies' power to regulate issues of major economic and political significance without clear Congressional authorization.

cryptonews.ru08/12 08:31

SEC Schedules Meeting on New Crypto Market Rules Amid CLARITY Act Pause

cryptonews.ru08/12 08:31

Congress Blocks CLARITY Act, SEC Decides to Act on Its Own: Crypto Regulation is Bypassing the Legislative Stalemate

Following a legislative impasse in the U.S. Senate over the CLARITY Act, the Securities and Exchange Commission (SEC) is moving forward independently with plans for a tailored regulatory framework for crypto assets. On August 11, the SEC announced a vote for August 14 on whether to formally propose "Regulation Crypto," a set of rules for investment contracts involving crypto assets. This marks the first formal crypto rulemaking initiative under Chairman Paul Atkins. The proposal, expected to be approved by the Republican-majority commission, would then enter a 60-90 day public comment period, with a final rule unlikely before 2027. This SEC action comes as the CLARITY Act, which passed the House and a Senate committee, remains stalled in the full Senate. A procedural vote was delayed until September 15 due to unresolved disagreements on anti-money laundering provisions, stablecoin regulation, and government ethics rules. Analysts give the bill a high probability of failure, citing insufficient bipartisan support. Regulation Crypto, based on a framework outlined by Atkins in March, is expected to propose three key exemptions: a startup exemption for limited fundraising, a financing exemption with simplified disclosures, and a crucial "investment contract safe harbor." This safe harbor could allow tokens to exit SEC jurisdiction if a project becomes sufficiently decentralized, addressing a long-standing industry concern over perpetual securities status. Two parallel tracks for crypto regulation are now advancing in Washington: the comprehensive but stalled legislative path of the CLARITY Act, and the administrative rulemaking of the SEC. While the SEC's rules would have more limited scope than a full law, they offer a potential regulatory baseline if Congress fails to act. The simultaneous progress signals a shift in Washington from debating whether to regulate crypto to actively determining how to do so.

marsbit08/12 01:26

Congress Blocks CLARITY Act, SEC Decides to Act on Its Own: Crypto Regulation is Bypassing the Legislative Stalemate

marsbit08/12 01:26

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