# 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.

Coinbase CEO Backs CLARITY Act Push After Treasury Secretary Called For Senate Action

The push for crypto legislation in the U.S. has gained momentum with rare alignment between policymakers and industry leaders. Coinbase CEO Brian Armstrong publicly endorsed the Digital Asset Market Clarity Act of 2025, marking a shift from his previous opposition. His statement came in response to a Wall Street Journal op-ed by Treasury Secretary Scott Bessent, who urged Congress to pass the bill, warning that the U.S. risks falling behind jurisdictions like Abu Dhabi and Singapore without clear regulations. Bessent emphasized the need for "durable law" to attract blockchain developers and entrepreneurs back to the U.S. Armstrong expressed gratitude for bipartisan efforts, despite having withdrawn support for an earlier draft in January 2026. SEC Chair Paul Atkins also backed the call for comprehensive market structure legislation.

bitcoinist04/13 10:00

Coinbase CEO Backs CLARITY Act Push After Treasury Secretary Called For Senate Action

bitcoinist04/13 10:00

SEC Chair Presses Congress On Crypto Market Structure, Wants Bill To Reach President’s Desk

SEC Chair Paul S. Atkins urged Congress to pass the CLARITY Act, which aims to establish a clear regulatory framework for crypto markets in the U.S. He emphasized the need to move away from "regulation by enforcement" and enable coordinated oversight by the SEC and CFTC. His comments follow similar calls from Treasury Secretary Scott Bessent, who warned that the U.S. risks losing its leadership in financial innovation without such legislation. The push comes amid ongoing disputes between banks and crypto firms over provisions in the already-passed stablecoin bill (GENIUS Act), particularly regarding restrictions on interest payments for stablecoin holders. Despite bipartisan efforts, no compromise has been reached.

bitcoinist04/10 10:22

SEC Chair Presses Congress On Crypto Market Structure, Wants Bill To Reach President’s Desk

bitcoinist04/10 10:22

Treasury, CFTC ramp up pressure on Congress to pass CLARITY Act

Senior U.S. Treasury and CFTC officials are increasing public pressure on Congress to advance the long-stalled CLARITY Act, signaling a coordinated push from the executive branch to move crypto legislation forward. Officials emphasized urgency, framing the bill as essential for providing regulatory clarity and future-proofing digital asset markets. The push comes shortly after a White House report challenged a key point of contention—whether stablecoin issuers should be allowed to offer yield—by concluding that a ban would have minimal impact on bank lending but reduce consumer welfare. The CLARITY Act aims to define market structure, jurisdictional boundaries, and oversight roles, but has been delayed due to debates between traditional finance and crypto industry interests. While executive agencies are shaping the narrative, Congress holds the key to turning policy alignment into law. The renewed pressure suggests the push for a unified crypto regulatory framework may be entering a more decisive phase.

ambcrypto04/09 15:29

Treasury, CFTC ramp up pressure on Congress to pass CLARITY Act

ambcrypto04/09 15:29

‘Congress must pass the Clarity Act’ – U.S. Treasury Secretary’s plea decoded

U.S. Treasury Secretary Scott Bessent urges Congress to pass the Digital Asset Market Clarity Act, arguing that clear federal rules are essential to prevent the relocation of crypto development to jurisdictions like Abu Dhabi and Singapore. He warns that regulatory uncertainty in the U.S. makes the risks of operating there outweigh the benefits. The call is supported by Senator Cynthia Lummis, who believes the act would serve as a "safe harbor" for innovation. However, prediction market Polymarket indicates the odds of the bill passing by 2026 have recently dropped to 57%. Despite this, key industry figures, including Coinbase's Chief Policy Officer, express confidence that legislative progress will be made.

ambcrypto04/09 10:04

‘Congress must pass the Clarity Act’ – U.S. Treasury Secretary’s plea decoded

ambcrypto04/09 10:04

Top House Democrat Questions Kansas City Fed’s Approval Of Kraken Master Account

Representative Maxine Waters, the top Democrat on the House Financial Services Committee, has questioned the Federal Reserve Bank of Kansas City's approval of a "limited purpose account" for crypto exchange Kraken. This approval grants Kraken's banking arm direct access to the Fed's payment system, a first for a cryptocurrency firm. Waters expressed concerns about the lack of transparency, potential risks to financial stability, and the adequacy of consumer protections, especially as this access was granted while Congress is still debating the terms for such expansions. She has requested detailed information on the services accessible to Kraken, the conditions applied, and the risk assessments conducted. The move has also drawn opposition from traditional banking groups, who warn it could threaten the U.S. payment system.

bitcoinist03/28 09:01

Top House Democrat Questions Kansas City Fed’s Approval Of Kraken Master Account

bitcoinist03/28 09:01

Is Washington About To Kill Crypto Prediction Markets For Good? — Why Congress Suddenly Cares

On March 25, two separate acts were introduced to ban U.S. congressional staff, members of Congress, and federal officials from trading on prediction markets. Representative Seth Moulton of Massachusetts issued an immediate office-wide ban, calling these markets “playgrounds for corrupt insiders” that create perverse incentives. Separately, Representatives Adrian Smith and Nikki Budzinski introduced the bipartisan PREDICT Act, which would prohibit elected officials, senior appointees, and their families from trading on political and policy outcome markets. Violators would face a 10% fine on the value of the trade and forfeiture of profits. The moves reflect growing concern in Washington over insider trading risks in prediction markets, especially following instances of traders making large profits on geopolitical events. These actions may lead to stricter regulations and increased scrutiny on crypto-based prediction platforms.

bitcoinist03/26 15:38

Is Washington About To Kill Crypto Prediction Markets For Good? — Why Congress Suddenly Cares

bitcoinist03/26 15:38

The Stablecoin Yield Debate: How It's Stalling U.S. Crypto Regulatory Legislation?

The debate over stablecoin yields has become a central obstacle to U.S. cryptocurrency regulatory legislation, stalling the Senate’s proposed CLARITY Act. The conflict centers on whether dollar-pegged stablecoins should function solely as payment tools or also offer yield-bearing features that compete with traditional bank deposits and money market funds. Banks argue that yield offerings could drain deposits—potentially up to $500 billion by 2028—undermining their lending capacity and harming local economies. They are pushing Congress to explicitly prohibit such returns. In contrast, crypto firms contend that limited incentives could help digital dollars compete with traditional payment systems and drive mainstream adoption. A Congressional Research Service report highlighted legal ambiguities in the earlier GENIUS bill, which banned direct issuer-yield payments but left room for intermediaries to distribute benefits. This regulatory gap has intensified the legislative standoff. With political deadlines tightening ahead of elections, the window for passing the bill is narrow—likely closing by late April or early May. If Congress fails to act, regulators may impose rules independently, such as the OCC’s proposed restrictions on indirect yield mechanisms. The outcome will shape not only the future of stablecoin yields but also broader crypto market structure, including asset classification and regulatory clarity. Failure could delay legal certainty, forcing the industry to rely on organic adoption rather than legislative support.

marsbit03/23 02:07

The Stablecoin Yield Debate: How It's Stalling U.S. Crypto Regulatory Legislation?

marsbit03/23 02:07

Crypto Rules Are Changing—But Congress Still Decides The Endgame

Republican senators met with a White House crypto adviser in a closed-door session, signaling progress on digital asset oversight legislation. A key sticking point—stablecoin yield—is nearly resolved, moving the Senate’s CLARITY Act forward. Simultaneously, SEC Chair Paul Atkins announced a major policy shift, stating that most cryptocurrencies are not securities. Only tokenized traditional securities remain under SEC jurisdiction. The SEC’s new interpretive guidance, described as a temporary bridge, aligns with a recent agreement with the CFTC, which is poised to take a larger regulatory role once Congress passes comprehensive legislation.

bitcoinist03/20 18:32

Crypto Rules Are Changing—But Congress Still Decides The Endgame

bitcoinist03/20 18:32

Congress Targets Crypto Prediction Markets With 4 Bills Banning War And Assassination Bets

US Congress is intensifying regulatory pressure on crypto prediction markets with the introduction of the BETS OFF Act, the fourth such legislative effort since January. Sponsored by Senator Chris Murphy and Rep. Greg Casar, the bill aims to ban betting on sensitive events including terrorism, assassinations, wars, and any occurrences where the outcome is known or can be influenced. The legislation extends US jurisdiction to offshore platforms, mandates payment processors to block related transactions, and imposes criminal penalties on US-based promoters. This action follows suspicious trading activity, notably on Polymarket, where large, anonymous bets were placed and won substantial sums just hours before US military actions against Iran and Venezuela. Lawmakers express concern that such markets create dangerous conflicts of interest, allowing individuals with insider knowledge to profit from and potentially influence government decisions. The bill joins three others introduced since January, all seeking to prohibit betting on government actions, terrorism, and assassinations, reflecting broad bipartisan and public support for such restrictions.

bitcoinist03/19 10:03

Congress Targets Crypto Prediction Markets With 4 Bills Banning War And Assassination Bets

bitcoinist03/19 10:03

TRUMP Memecoin Whale Count Hits 5-Month High As Mar-A-Lago Gala Nears

Multiple bills aimed at preventing federal officials from profiting from digital assets are stalled in Congress. Despite this, former President Donald Trump is set to host a luncheon at Mar-a-Lago on April 25 for the top 297 holders of the TRUMP memecoin, with a private reception for the 29 largest holders. Following the announcement, the token's price surged over 50%, and the number of wallets holding over 1 million TRUMP tokens reached a five-month high of 83. Token ownership is highly concentrated, with the top 10 wallets controlling over 90% of the supply. Analysts predict a pattern similar to last year's event, where price spiked on announcement but declined afterward, unless new developments are revealed. Tether CEO Paolo Ardoino is scheduled to speak, potentially turning the event into a progress showcase.

bitcoinist03/19 09:03

TRUMP Memecoin Whale Count Hits 5-Month High As Mar-A-Lago Gala Nears

bitcoinist03/19 09:03

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