The UK government is reportedly weighing a prohibition on cryptocurrency donations to political parties, a move that would directly impact Reform UK and its leader Nigel Farage, who have championed digital assets as part of their platform. According to a Politico report, this potential ban is being discussed as part of an upcoming Elections Bill intended to bolster public trust in politics by addressing concerns over funding transparency and potential foreign influence, despite not being included in earlier policy drafts.
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0 in Finance and 0 in Crypto last weekCrypto Rallies as U.S. Senate Ends 40-Day Government Shutdown
Cryptocurrency markets surged as the U.S. Senate reached an agreement to end the longest government shutdown in American history, sparking a broad-based rally across digital assets. Bitcoin reclaimed the $106,000 level while Ethereum broke past $3,600 as political uncertainty lifted, with major altcoins including XRP and Solana posting significant gains alongside the political breakthrough.
about Crypto Rallies as U.S. Senate Ends 40-Day Government ShutdownUS Senate Deal to End Shutdown May Boost Crypto Markets
The US Senate has reached a breakthrough agreement on a three-part budget deal to end the record 40-day government shutdown, potentially providing significant relief to cryptocurrency markets that have been awaiting regulatory clarity and stability. According to Politico reports, the legislative breakthrough comes after Republican Senate Majority Leader John Thune’s 15th attempt to secure Democratic support, with the deal reportedly having sufficient backing to pass the 60-vote threshold needed for approval.
about US Senate Deal to End Shutdown May Boost Crypto MarketsCrypto Bill Delayed as Senate Focuses on Government Funding
As the United States grapples with its longest government shutdown in history, landmark crypto market structure legislation faces significant delays while lawmakers prioritize funding bills to reopen federal operations. Behind the scenes, key members of the Senate Agriculture Committee continue discussions on what could become one of the most significant digital asset regulatory frameworks to emerge from the current Congress, even as the immediate political reality suggests crypto reforms will take a backseat to more urgent government funding needs.
about Crypto Bill Delayed as Senate Focuses on Government FundingBill Seeks to Codify Crypto in 401(k) Retirement Plans
A new legislative proposal in the U.S. House of Representatives seeks to transform President Donald Trump’s executive order on retirement plan diversification into binding federal law. Republican Representative Troy Downing has introduced draft legislation that would formally authorize including cryptocurrencies and other alternative assets in 401(k) accounts, potentially opening the door for millions of American retirement savers to gain exposure to digital assets through their primary retirement vehicles.
about Bill Seeks to Codify Crypto in 401(k) Retirement PlansUS Banks Lobby to Ban Stablecoin Yields Amid Deposit Fears
Major US banks are lobbying to reverse provisions in the GENIUS Act that prevent stablecoin issuers from paying interest while allowing crypto exchanges to offer yields on stablecoin holdings. Banking groups argue this creates an uneven playing field that could trigger $6.6 trillion in deposit outflows according to Treasury estimates, potentially raising borrowing costs and reducing credit availability. Crypto industry leaders counter that banks are engaging in ‘rent-seeking’ behavior to protect their low-interest deposit models, noting that traditional banks often pay near-zero interest while crypto platforms provide competitive yields. The conflict has escalated into a Washington lobbying war with banks seeking to block crypto yield offerings and crypto advocates defending the legislation as a carefully crafted compromise that promotes competition and consumer choice.
about US Banks Lobby to Ban Stablecoin Yields Amid Deposit FearsHouse Passes Key Crypto Bills After Marathon Vote
The U.S. House of Representatives voted 217-212 to advance three major crypto bills—the GENIUS Act (stablecoin regulation), CLARITY Act (market structure), and Anti-CBDC Surveillance State Act—after a record-breaking procedural standoff. The breakthrough followed concessions to conservative Republicans, including attaching the Anti-CBDC Act to the must-pass NDAA. Former President Trump played a role in securing GOP support. The crypto industry hailed the move as a critical step toward regulatory clarity, with the GENIUS Act poised for a final vote. Opposition persisted from some Republicans, including Rep. Marjorie Taylor Greene, who criticized CBDCs as a ‘mark of the beast.’ The vote signals growing legislative momentum for crypto governance in the U.S.
about House Passes Key Crypto Bills After Marathon VoteUS Stablecoin Bill Advances as Senators Resolve Key Issues
The proposed GENIUS Act, which seeks to create a US regulatory framework for stablecoins, is gaining momentum after bipartisan negotiators resolved critical disagreements. Earlier objections from Democrats over issues like anti-money laundering, consumer protection, and foreign issuer regulations have been partially addressed in a revised version of the bill. While some outstanding concerns remain, the progress signals a potential breakthrough for stablecoin legislation, paving the way for a safer and more secure financial system. The bill could soon return to the Senate floor for further consideration.
about US Stablecoin Bill Advances as Senators Resolve Key IssuesTrump’s XRP Crypto Reserve Plan Tied to Ripple Lobbyist
A Politico report claims that a March social media post by Donald Trump announcing plans for a U.S. strategic crypto reserve—including XRP, Solana, and Cardano—was drafted by an employee of lobbyist Brian Ballard, who has ties to Ripple Labs. Trump reportedly felt deceived upon discovering Ripple’s connection to Ballard, leading to tensions. The incident highlights the influence of lobbying in crypto policy discussions and raises questions about transparency in political endorsements of digital assets.
about Trump's XRP Crypto Reserve Plan Tied to Ripple LobbyistSenate Democrats Oppose Stablecoin Bill in Current Form
Nine US Senate Democrats have announced their opposition to the Republican-led stablecoin bill in its current form, citing unresolved issues. This move could delay the creation of the first US regulatory framework for stablecoins. The Democrats warned they would block a procedural vote unless significant changes are made, according to a Politico report from May 3. The bill’s future now hinges on potential amendments to address their concerns.
about Senate Democrats Oppose Stablecoin Bill in Current FormRamaswamy Leaves DOGE to Run for Ohio Governor Amid Controversy
Vivek Ramaswamy has stepped down from co-leading the Department of Government Efficiency (DOGE) with Elon Musk to pursue a gubernatorial run in Ohio. Ramaswamy expressed confidence in Musk’s ability to lead DOGE, which aims to streamline government operations, while he prepares for his campaign. His departure follows criticism of American culture and reports of tensions with Musk, as Ramaswamy seeks to distance himself from the organization amid ongoing legal challenges against DOGE.
about Ramaswamy Leaves DOGE to Run for Ohio Governor Amid Controversy