# 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 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

Above the Seats: A Covert Power Struggle Deciding the Fate of Encryption

The 2026 US midterm elections pose significant risks to the crypto industry, with Democrats having an 85% chance of taking the House. This would place Maxine Waters, a vocal crypto critic, as Chair of the House Financial Services Committee (HFSC), giving her absolute power to block crypto legislation by controlling the agenda. In the Senate, Elizabeth Warren, another staunch opponent, would likely chair the Banking Committee. While nearly half of Democratic lawmakers voted for the pro-crypto GENIUS Act, this support is superficial. Bills never go to a full floor vote without first passing through committee, where chairs hold unilateral power to kill them. The current pro-crypto Republican chairs, who advanced bills like FIT21 and CLARITY, would be replaced. The analysis highlights that even though pro-crypto Democrats exist, they lack influence in the powerful committees that control legislative progress. Key elections that could shift committee dynamics are limited. The conclusion is that a Democratic sweep would create a severe structural headwind, stalling major crypto legislation in Congress despite bipartisan voter support.

marsbit03/19 08:57

Above the Seats: A Covert Power Struggle Deciding the Fate of Encryption

marsbit03/19 08:57

How the Stablecoin Yield Debate Is Stalling U.S. Crypto Regulatory Legislation?

The debate over whether stablecoin issuers should be allowed to offer yield to users has become a central obstacle to U.S. cryptocurrency regulatory legislation, particularly the Senate’s CLARITY Act. Banking industry groups are pressuring lawmakers to prohibit yield on stablecoins, arguing it could draw deposits away from banks—especially smaller community banks—and reduce lending capacity. In contrast, crypto firms argue that incentives could help digital dollars compete with traditional payment systems. A Congressional Research Service report highlighted legal ambiguities in the current draft of the GENIUS Act, which entities may distribute returns. While the White House attempted a compromise—allowing limited rewards for specific uses like peer-to-peer payments but not for idle funds—banks rejected the proposal, stalling negotiations. Time is a critical factor: if the CLARITY Act does not advance by late April or early May, its chances of passing in 2026 drop significantly. If Congress fails to act, regulators such as the OCC may impose restrictions administratively. The outcome will influence not only stablecoin policy but also broader crypto market structure, including how tokens are classified. Failure could leave the industry dependent on regulatory guidance and real-world adoption rather than legislative certainty.

比推03/17 12:47

How the Stablecoin Yield Debate Is Stalling U.S. Crypto Regulatory Legislation?

比推03/17 12:47

Banks Prepare To Spend $100 Million+ To Stop Crypto Bills, Expert Warns

The fight over US crypto legislation is intensifying into a direct clash between the digital asset industry and the established banking sector. According to Dennis Porter, CEO of the Satoshi Action Fund, the banking industry is preparing a massive lobbying push, potentially exceeding $100 million, to counteract efforts to advance crypto market structure and stablecoin legislation. Porter warns that this creates a significant counterbalance to crypto lobbying groups and could lead lawmakers to withdraw support. He states that crypto industry faces political challenges, including low public trust and ethical concerns linked to Trump family involvement. Furthermore, market structure legislation is politically difficult as it covers a wide range of complex issues. The banking industry holds an advantage due to its entrenched local influence, including physical branches and jobs in lawmakers' districts. Porter cautions that if the dispute escalates into an open lobbying war, it could jeopardize the already tight Senate vote. He also notes that the legislative window is narrowing as midterm elections approach, with electoral incentives increasingly shaping the calendar.

bitcoinist03/11 19:01

Banks Prepare To Spend $100 Million+ To Stop Crypto Bills, Expert Warns

bitcoinist03/11 19:01

Coinbase CPO Lists 5 Critical Errors US Congress Should Avoid In Stablecoin Regulation

Coinbase Chief Policy Officer Faryar Shirzad outlines five key mistakes US Congress should avoid in stablecoin regulation. He warns against undermining bipartisan goals of the GENIUS Act, which aims to strengthen the US dollar, boost demand for Treasuries, and keep digital innovation onshore. Shirzad cautions against favoring traditional banks with unverified claims about deposit flight risks, as stablecoins benefit consumers and banks alike. He also emphasizes the need for precise regulatory authority to prevent future misuse and avoid disrupting existing lawful business partnerships. Finally, he urges Congress to consider the voices of millions of crypto investors, not just bank lobbyists, and to enact clear rules that foster innovation in the US rather than driving it abroad.

bitcoinist03/11 12:09

Coinbase CPO Lists 5 Critical Errors US Congress Should Avoid In Stablecoin Regulation

bitcoinist03/11 12:09

Fairshake superPAC starts $1.8 mln campaign against anti-crypto candidates in Illinois

Fairshake, a crypto-backed super PAC, has launched a $1.8 million media campaign targeting anti-crypto candidates in the Illinois Democratic primaries. It is opposing State Representative La Shawn Ford and State Senator Robert Peters for supporting state legislation contrary to the industry-backed CLARITY Act. Fairshake is also supporting pro-crypto candidates like Melissa Conyears Ervin and Raja Krishnamoorthi. The group, which has a $190 million war chest funded by major crypto firms, aims to elect pro-crypto candidates regardless of party to improve the chances of passing the CLARITY Act, especially if Democrats regain control of Congress.

ambcrypto03/10 16:17

Fairshake superPAC starts $1.8 mln campaign against anti-crypto candidates in Illinois

ambcrypto03/10 16:17

U.S. Treasury Urges Congress to Allow Crypto Platforms to Freeze Suspicious Funds

The U.S. Treasury is urging Congress to pass legislation that would grant cryptocurrency platforms the legal authority to temporarily freeze funds linked to suspicious or illegal activities. This proposal, tied to the GENIUS Act, aims to address a current gap where exchanges can detect but not always legally halt such transactions. A legal framework would protect platforms from lawsuits and enable quicker action to prevent funds from being moved or laundered. While intended to improve cooperation with law enforcement, the proposal raises concerns about transparency and legal complexities, such as disclosure requirements to users and constraints due to ongoing investigations. The move reflects broader efforts to regulate digital assets amid ongoing legislative debates.

TheNewsCrypto03/09 07:41

U.S. Treasury Urges Congress to Allow Crypto Platforms to Freeze Suspicious Funds

TheNewsCrypto03/09 07:41

Trump Presses Congress To Pass Crypto Market Structure Bill ‘ASAP’

President Donald Trump has publicly urged Congress to pass the CLARITY Act, a comprehensive crypto market structure bill, "ASAP." In a Truth Social post, he accused the banking industry of undermining both the pending legislation and the previously signed GENIUS Act, which deals with stablecoins. Trump warned that failure to pass the bill could cede U.S. leadership in crypto to other countries like China and argued that Americans should benefit from the financial opportunities digital assets provide. He called for cooperation between banks and the crypto industry. Legislative progress on the bill has stalled due to disputes between these groups, with a key Senate committee now targeting a markup session for late March.

bitcoinist03/04 03:01

Trump Presses Congress To Pass Crypto Market Structure Bill ‘ASAP’

bitcoinist03/04 03:01

U.S. Senate Housing Bill Links Affordability Reforms With CBDC Restrictions

U.S. Senate lawmakers have introduced a provision in a housing-focused bill, the 21st Century ROAD to Housing Act, that prohibits the Federal Reserve from issuing a retail central bank digital currency (CBDC) accessible to the public until at least 2031. The measure requires the Fed to obtain congressional authorization before launching a digital dollar, though it may continue researching the technology. This unexpected addition to housing legislation has sparked debate over the timeline and links CBDC policy to broader discussions on affordability. The ban reflects congressional concerns over privacy, financial stability, and the potential impact of a CBDC on the traditional banking system.

TheNewsCrypto03/03 06:55

U.S. Senate Housing Bill Links Affordability Reforms With CBDC Restrictions

TheNewsCrypto03/03 06:55

Ripple CEO Says Clarity Act Has 90% Chance of Passing by April

Ripple CEO Brad Garlinghouse estimates a 90% chance that the Clarity Act will pass through the U.S. Congress by the end of April, following recent discussions between crypto industry leaders and regulators. The bill aims to provide jurisdictional clarity by defining whether digital assets are securities or commodities, with key regulatory roles for the SEC and CFTC. While some complex issues, particularly around stablecoin regulation, remain, Garlinghouse noted that negotiations have narrowed outstanding disagreements. Passage of the act would mark a significant shift in U.S. crypto regulation, potentially encouraging greater institutional involvement by resolving long-standing legal uncertainties.

TheNewsCrypto02/20 10:34

Ripple CEO Says Clarity Act Has 90% Chance of Passing by April