Cryptoussenate

Cody Carbone, Chief Executive Officer of the Digital Chamber, told a Senate Banking Committee hearing that digital assets could help improve affordability through lower transaction costs.

The US Senate passed the 21st Century Road to Housing Act by an 85-5 vote, including a provision that prohibits the Federal Reserve from issuing or creating a central bank digital currency until 2030.

The Senate Finance Committee is advancing bipartisan efforts to reform cryptocurrency taxation in the United States, with lawmakers waiting for the House of Representatives to reach agreement on related proposals before moving forward.

Senator Bill Hagerty said he remains hopeful that lawmakers can advance the Digital Asset Market Clarity Act before Congress breaks for the July 4 recess.

US Senator Elizabeth Warren, a Massachusetts Democrat, says she is not comfortable with Kevin Warsh as chair of the Federal Reserve. She spoke on the June 16 episode of "Balance of Power: Evening Edition."

US congressional leaders reached an agreement on a housing bill that includes a ban preventing the Federal Reserve from issuing a central bank digital currency until Dec. 31, 2030.

US Senator Elizabeth Warren, a Massachusetts Democrat, says President Donald Trump "can't point to where we're better off" after the war in Iran. Speaking on "Balance of Power: Evening Edition," Senator Warren also discusses Defense Secretary Pete Hegseth's military budget request, her criticisms of Kevin Warsh as chair of the Federal Reserve, the state of housing and the SpaceX IPO.

US Treasury Secretary Scott Bessent says the Trump administration has asked Congress to eliminate the gas tax during testimony before the House Ways and Means Committee.

Senior Democratic lawmakers have called on the US Labor Department to abandon plans that would allow cryptocurrencies and other alternative assets to be included in Americans’ 401(k) retirement plans.

The US Senate is expected to resume consideration of the Digital Asset Clarity (CLARITY) Act this week as lawmakers return from the Memorial Day holiday and continue work on a comprehensive crypto market structure framework.