# 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.

SEC to Schedule Meeting for Cryptocurrency Regulation Proposal Aimed at Supporting Specific Digital Asset Proposals

The U.S. Securities and Exchange Commission (SEC) is preparing to propose its first official rule for the cryptocurrency industry, dubbed "Reg Crypto," which will establish a clearer path for the legal issuance of certain digital assets. An SEC meeting is scheduled for August 14 to present the proposal for public comment. This move follows the Senate's recent failure to advance a broader market structure bill for digital assets. The proposed rule aims to provide crypto companies with a way to raise capital without full SEC registration and potentially exit the agency's jurisdiction later. While formal rulemaking is more durable than previous policy statements, the process, including a public comment period and revisions, is expected to take several more months. This initiative is part of a series of SEC efforts to provide regulatory clarity for the crypto industry, including defining its jurisdiction alongside the CFTC and developing a framework for tokenized securities. SEC Chair Gary Gensler has emphasized the need for congressional action, but related legislation faces significant hurdles.

cryptonews.ru08/11 11:07

SEC to Schedule Meeting for Cryptocurrency Regulation Proposal Aimed at Supporting Specific Digital Asset Proposals

cryptonews.ru08/11 11:07

Senate Introduces Motion to End Debate on Clarity Act

Senate Majority Leader John Thune has filed a cloture motion on the Clarity Act (HR 3633), a bill to establish a federal regulatory framework for digital assets. This procedural step sets the stage for a Senate vote on the cryptocurrency market structure bill when the chamber reconvenes after its August recess. The move follows earlier indications from Thune's office of his intent to file cloture before the break, signaling the Republican leadership's prioritization of the bill. However, several contentious issues remain unresolved and require further negotiation before a final vote. A key point of debate is the bill's treatment of stablecoin yields, which has resurfaced following recent Wall Street Journal reports and bank lobbying efforts. Sources indicate banks have gained traction in persuading Republican members to seek changes to the language. Bipartisan negotiations on ethics provisions are also ongoing. The White House has yet to comment on the proposal. The Clarity Act aims to provide clearer regulations for crypto exchanges and define regulatory obligations for digital assets. While the cloture filing is seen as a positive step, securing enough votes for passage in September will depend on resolving these outstanding disputes.

cryptonews.ru08/08 15:09

Senate Introduces Motion to End Debate on Clarity Act

cryptonews.ru08/08 15:09

Crypto PACs Spent Over $1.5 Million After Losing Michigan Primary

Following a defeat in the Michigan primaries, crypto-aligned political action committees (PACs) linked to Fairshake disclosed over $1.5 million in new spending on advertising for four U.S. House and Senate campaigns in Florida, Alaska, and Wyoming. The Defend American Jobs PAC directed more than $500,000 each to support Nick Begich in Alaska's at-large House district, Republican candidate Sydney Grueters in Florida's 16th district, and Harriet Hageman in Wyoming. Separately, the Protect Progress PAC spent over $50,000 on ads for the re-election of Lois Frankel in Florida's 23rd district. Nearly all supported politicians have previously voted for crypto-related legislation like the GENIUS Act and CLARITY Act. This spending disclosure comes after Protect Progress lost a $2 million media investment in Michigan, where incumbent Democrat Shri Thanedar lost his primary. In the 2024 election cycle, Fairshake and related crypto industry PACs have spent a total exceeding $170 million on congressional races.

cryptonews.ru08/07 13:52

Crypto PACs Spent Over $1.5 Million After Losing Michigan Primary

cryptonews.ru08/07 13:52

US Senate will vote on CLARITY crypto bill ‘without any question’ this week: Tim Scott

Senator Tim Scott, chair of the Senate Banking Committee, stated the Senate will vote on the Digital Asset Market Clarity (CLARITY) Act this week before an August recess. In a Fox Business interview, Scott emphasized there is still time for Majority Leader John Thune to schedule a cloture vote. His comments align with Senator Cynthia Lummis's recent push for a pre-recess vote. To pass, the bill requires support from 60 senators. Key unresolved issues include Democratic concerns over former President Trump's crypto investments and banking industry calls for provisions on stablecoin licensing and restrictions. Lawmakers are negotiating potential adjustments to address these points before the deadline.

cointelegraph08/06 17:05

US Senate will vote on CLARITY crypto bill ‘without any question’ this week: Tim Scott

cointelegraph08/06 17:05

Crypto-backed Michigan House incumbent loses primary despite $2M PAC support

Michigan State Representative Donavan McKinney defeated incumbent Congressman Shri Thanedar in a Democratic primary for Michigan's 13th Congressional District. The race drew attention due to over $2 million in media spending from Protect Progress, a cryptocurrency-backed super PAC affiliated with Fairshake, which aimed to re-elect Thanedar. Thanedar had a pro-crypto voting record in Congress. McKinney, a progressive challenger, accused the crypto industry of trying to "pay back" his opponent. Despite the heavy PAC support, McKinney won with 51.9% of the vote. In a related development, a Fairshake affiliate spent over $65,000 supporting Republican Amanda McKinney in a Washington state primary.

cointelegraph08/05 17:36

Crypto-backed Michigan House incumbent loses primary despite $2M PAC support

cointelegraph08/05 17:36

CLARITY Act Faces Senate Deadline After Missing Monday Schedule

The CLARITY Act, a major cryptocurrency market structure bill, faces a critical deadline after being omitted from the U.S. Senate's Monday schedule. Supporters are now racing against the clock to advance the legislation before Congress's August recess, shifting focus from policy debates to complex Senate procedures. With no official legislative process scheduled, the bill's immediate fate depends on procedural maneuvers. For a key "cloture" vote to occur by Friday, Senate leadership must file a petition with at least 16 signatures by Wednesday. Even if successful, Senate rules allow for 30 hours of debate before a final vote, though leadership could pursue faster options like a bipartisan petition or unanimous consent—which any single senator can block. Political backing remains uncertain. Negotiations between Republicans and Democrats are ongoing, with seven Democratic negotiators stating a new draft still does not meet their approval. Senator Elizabeth Warren opposes the current version, and Majority Leader John Thune is reportedly only willing to schedule a procedural vote if sufficient Democratic support is secured before the recess.

TheNewsCrypto08/03 07:25

CLARITY Act Faces Senate Deadline After Missing Monday Schedule

TheNewsCrypto08/03 07:25

The United States Officially Recognizes the Laboratory Origin of the Coronavirus

The White House has published a page titled "Lab Leak: The True Origin of Covid-19," presenting the laboratory leak from a Wuhan facility as the most likely cause of the pandemic. This conclusion is based on a report by a US House of Representatives subcommittee investigating the virus's origins. Key arguments cited include the virus's unique biological features not found in nature, a single suspected spillover event into humans, and the proximity of the Wuhan Institute of Virology, which conducted gain-of-function research on coronaviruses. The report also notes that WIV staff exhibited COVID-like symptoms in autumn 2019, prior to the official outbreak. It criticizes a prominent paper on the virus's natural origin, alleging it was promoted by Dr. Anthony Fauci. The congressional subcommittee's report led to the suspension and subsequent five-year debarment of the EcoHealth Alliance and its president, Peter Daszak, from US federal funding, following findings of grant violations related to the Wuhan research. A Department of Justice grand jury is also investigating. While this US government position is presented, the scientific community, including WHO working groups, continues to debate both natural zoonotic and laboratory origins. The investigation underscores the pandemic's immense human (nearly 15 million deaths per WHO) and economic toll (over $4 trillion), highlighting the geopolitical weight of assigning blame and the future need for robust global biosecurity protocols.

cryptonews.ru07/30 11:06

The United States Officially Recognizes the Laboratory Origin of the Coronavirus

cryptonews.ru07/30 11:06

The US Officially Recognizes the Laboratory Origin of the Coronavirus

The White House has officially published a page titled "Lab Leak: The True Origin of COVID-19," stating that a laboratory leak in Wuhan is the most likely cause of the pandemic. This conclusion is based on a report by the Select Subcommittee on the Coronavirus Pandemic of the U.S. House Committee on Oversight and Accountability. The page and the subcommittee's report, published on December 4, 2024, cite several arguments for the lab-leak theory: the virus possesses a biological feature not found in nature; all cases trace back to a single introduction into humans, unlike previous zoonotic pandemics; a leading coronavirus research lab in Wuhan was conducting gain-of-function research with insufficient biosafety; and WIV staff fell ill with COVID-like symptoms in autumn 2019, months before the official outbreak. The report also implicates the EcoHealth Alliance, led by Peter Daszak, for funneling U.S. taxpayer funds to support risky research in Wuhan and violating NIH grant terms. Following the investigation, the U.S. Department of Health and Human Services has suspended and debarred EcoHealth Alliance and Daszak from federal funding for five years. The U.S. Department of Justice has also convened a grand jury to investigate the origins of COVID-19. The origin of COVID-19 remains debated within the scientific community, with many researchers and the WHO still considering natural zoonotic transmission a plausible hypothesis. The White House materials represent the findings of a Congressional investigation led by the Republican majority. The focus on the virus's origin occurs against the backdrop of a pandemic that caused an estimated 15 million deaths (2020-2021) and over $4 trillion in global economic damage, highlighting the geopolitical weight of the issue and the future need for stringent transnational biosafety protocols.

cryptonews.ru07/30 07:35

The US Officially Recognizes the Laboratory Origin of the Coronavirus

cryptonews.ru07/30 07:35

Trump's AI Plan Could Replace 50 State AI Laws With One Set of Rules

The Trump administration is reportedly close to establishing a national framework for regulating artificial intelligence. According to The Information, this initiative aims to replace the patchwork of approximately 50 differing state-level AI laws with a single, federal standard. The core proposal, outlined in the White House's National AI Policy Framework, would centralize AI policymaking in Washington, D.C., offering developers more consistent and transparent rules on issues like child safety, AI-generated deepfakes, and the use of regulatory sandboxes. This move addresses growing concerns that the current fragmented regulatory landscape, with states like Colorado, Texas, and California enacting their own rules, creates a compliance burden for AI companies. A unified federal system is intended to streamline regulations, allowing businesses to spend less time adapting to state laws and more time on innovation. The administration's strategy also includes an executive order signed by President Trump in June 2026, which focuses on enhancing cybersecurity for advanced AI systems. A major unresolved question in the proposal, however, is how to regulate open-source AI models. The framework does not clearly define an approach, despite expert warnings that such models pose unique governance challenges due to their free modification and distribution. While the fate of the legislative proposal in Congress remains uncertain, its existence signals Washington's intent to become the primary authority governing AI technology, a move that would have significant global implications given the dominance of U.S. firms in the AI sector.

cryptonews.ru07/28 10:01

Trump's AI Plan Could Replace 50 State AI Laws With One Set of Rules

cryptonews.ru07/28 10:01

New York Attorney General Opposes CLARITY Act and Calls for Its Review

New York Attorney General Letitia James opposes the CLARITY Act, warning it would limit state law enforcement's ability to combat crypto fraud. She cites a tripling of crypto-related complaints and $500 million in losses in New York over five years. James argues the Act undermines local authority to pursue bad actors and calls on Congress to enact stricter regulations instead. Her proposed framework includes enforcing AML and user verification rules, banning access for foreign companies, prohibiting conversion to dollars for untraceable assets, and requiring platforms to monitor and report suspicious activity. She emphasizes that state and local agencies handle most law enforcement and that the Act would weaken investor protections. The bill is currently in the Senate, with consideration delayed due to other priorities.

cryptonews.ru07/28 09:31

New York Attorney General Opposes CLARITY Act and Calls for Its Review