Over 65 crypto advocacy groups and firms, led by Stand With Crypto and Coinbase, have called on US House lawmakers to swiftly pass the CLARITY Act (Digital Asset Market Clarity Act). The bill seeks to assign primary regulatory oversight of cryptocurrencies to the CFTC, reducing fragmentation in crypto rules. The groups warn that without clear pro-crypto policies, the US risks losing its competitive edge in blockchain innovation. The letter emphasizes the need to depoliticize crypto legislation as digital assets reshape global finance.
about 65 Crypto Groups Push US House to Pass CLARITY ActStand With Crypto
0 in Finance and 0 in Crypto last weekCrypto Advocacy Shapes New Jersey Governor Race
Digital asset advocacy is gaining traction in New Jersey’s 2025 gubernatorial race, with candidates from both parties engaging crypto-focused voters at a Stand With Crypto rally. Jersey City Mayor Steven Fulop, a Democratic contender, emphasized the importance of cryptocurrency in the future of the U.S. and global economy, aligning with state pension board views. The event, held just days before party primaries, underscores the increasing political clout of the crypto industry, mirroring similar trends seen in Florida’s recent special elections. Over 300,000 voters have already cast their ballots ahead of the primaries, signaling heightened interest in candidates’ stances on digital assets.
about Crypto Advocacy Shapes New Jersey Governor RaceSenate Stablecoin Bill Gains Momentum, Nears Passage
The GENIUS Act, a Senate bill aimed at establishing a legal framework for stablecoins in the U.S., has overcome earlier setbacks to pass a crucial procedural vote. After failing to secure enough support earlier this month, key Democrats have now backed the bill, pushing it toward a full floor vote. The legislation, which requires 60 votes to pass, could be enacted as soon as tomorrow. If approved, it would then move to the House and potentially to President Trump’s desk. Stablecoins, which are crypto tokens pegged to the U.S. dollar, are seen as a gateway for Wall Street to enter the crypto market, potentially bringing billions in investment. The bill’s revival follows last-minute concessions on issues like conflicts of interest and Big Tech regulations, as well as intensified lobbying from industry leaders like Coinbase. However, critics question whether the new provisions are enforceable enough to address ethical concerns, particularly regarding the president’s ability to launch stablecoins.
about Senate Stablecoin Bill Gains Momentum, Nears PassageUS Senate Votes on GENIUS Stablecoin Bill Amid Debate
The US Senate is poised to vote on the GENIUS Act, which seeks to create a federal regulatory framework for stablecoins. The bill has encountered bipartisan resistance, with Democrats criticizing loopholes for political figures and offshore issuers, while proponents, including Republicans and industry groups, emphasize its role in modernizing finance and securing US leadership in digital assets. Amendments have been made to address prior objections, but concerns persist over national security risks and corporate exemptions. The outcome could shape the future of stablecoin regulation in the US.
about US Senate Votes on GENIUS Stablecoin Bill Amid DebateUS Senate to Vote on Revised GENIUS Stablecoin Bill
The US Senate is preparing to vote on a revised GENIUS Act, a stablecoin bill updated to address Democratic concerns over anti-money laundering, oversight gaps, and enforcement. Key amendments strengthen financial integrity, consumer protection, and bar non-financial publicly traded companies like Meta and Google from issuing stablecoins without strict conditions. The bill also clarifies that stablecoins lack federal insurance protections. Crypto advocacy groups, including Coinbase-backed Stand With Crypto, are mobilizing support, urging regulatory clarity. The revised bill aims to balance innovation with traditional financial safeguards.
about US Senate to Vote on Revised GENIUS Stablecoin BillUS Senate Nears Stablecoin Bill Passage by May 26
The US Senate is poised to pass the GENIUS Act, a bipartisan stablecoin bill, by Memorial Day (May 26). Senators Kirsten Gillibrand (D) and Cynthia Lummis (R) confirmed the removal of language targeting Donald Trump’s crypto projects, including memecoins, a stablecoin, and a mining firm. The revised bill aims to foster innovation while ensuring regulatory clarity for stablecoins. The move signals a compromise to secure broader legislative support ahead of the deadline.
about US Senate Nears Stablecoin Bill Passage by May 26Former Congressman McHenry Joins a16z as Senior Adviser for Crypto Advocacy
Former Congressman Patrick McHenry has joined venture capital firm a16z as a senior adviser, advocating for a more equitable environment for startups and emerging companies. A prominent supporter of cryptocurrency, he co-sponsored the Financial Innovation and Technology for the 21st Century Act and pushed for stablecoin regulation. McHenry, who retired in January 2025, previously clashed with former SEC chairman Gary Gensler over the classification of Ether as a security.
about Former Congressman McHenry Joins a16z as Senior Adviser for Crypto AdvocacyCrypto Advisory Council Formed to Collaborate with US Regulators for Clarity
President-elect Donald Trump is forming a crypto advisory council comprising 24 CEOs to collaborate with the SEC, CFTC, and Treasury for regulatory clarity and to draft cryptocurrency legislation. The council aims to establish a strategic Bitcoin reserve and promote a pro-crypto environment.The crypto industry is preparing for the ‘Inaugural Crypto Ball’ on January 17 in Washington, DC, organized by BTC Inc and Stand With Crypto, with tickets priced at $2,500. Key figures, including Circle CEO Jeremy Allaire, have engaged with Trump to discuss crypto-friendly policies and support the new administration.
about Crypto Advisory Council Formed to Collaborate with US Regulators for ClarityCanada’s Political Landscape Shifts as Cryptocurrency Gains Influence in Elections
Canada’s political landscape is shifting as Prime Minister Justin Trudeau faces mounting criticism and a leadership crisis, with rumors of his imminent resignation from the Liberal Party. Meanwhile, Conservative leader Pierre Poilievre, a vocal supporter of cryptocurrency, is poised to capitalize on this turmoil in the upcoming federal election, scheduled for October 2025. His pro-crypto stance has sparked controversy, particularly regarding its impact on vulnerable populations, as he positions himself to attract tech-savvy voters.
about Canada's Political Landscape Shifts as Cryptocurrency Gains Influence in ElectionsCanada’s Crypto Industry Seeks Political Engagement Amid Regulatory Challenges
Canada’s cryptocurrency industry is looking to the US for inspiration as it prepares for upcoming elections, with advocates noting increased political engagement and a shift in policymaker receptiveness. Despite facing stringent regulations, industry leaders are pushing for reforms to integrate crypto into financial systems. The next federal election, potentially as early as 2025, presents an opportunity for the sector to amplify its message and ensure Canada remains competitive in the evolving digital economy.
about Canada's Crypto Industry Seeks Political Engagement Amid Regulatory ChallengesCrypto Industry Influences New US Congress Members Ahead of 2025 Legislation
Members of the US Congress, supported by cryptocurrency PACs, will be sworn in on January 3, with significant funding influencing tight races. Notably, Republican Bernie Moreno defeated incumbent Sherrod Brown in Ohio, aided by over $40 million from the Defend American Jobs PAC. With 63 new House members and 10 new Senators benefiting from crypto funding, the upcoming Congress is expected to have a pro-crypto majority, potentially impacting future legislation on crypto regulation. Fairshake has reported $103 million available for the 2026 election cycle, indicating continued support for pro-crypto candidates.
about Crypto Industry Influences New US Congress Members Ahead of 2025 Legislation