According to @AnthropicAI, Senator Cynthia Lummis has introduced the RISE Act, a bill aimed at increasing transparency from AI developers by requiring them to publish detailed 'model cards' with technical specifications, though it stops short of mandating open-source models. This legislation could impact AI-focused crypto projects by establishing liability frameworks. The analysis also highlights the growing convergence of AI and Web3, citing Daniela Amodei's work at Anthropic and Nkiru Uwaje's use of stablecoins at MANSA. In the markets, Ethereum (ETH) has dropped approximately 2.1% to $2,528.75, and Solana (SOL) has fallen by about 3.4% to $147.91, reflecting broader bearish sentiment.

According to @rovercrc, U.S. Senator Cynthia Lummis has set a target for completing comprehensive crypto legislation before the end of the current calendar year, a timeline that may extend past a deadline previously suggested by President Donald Trump. Speaking at a Bitcoin Policy Institute event, Lummis expressed confidence but acknowledged significant bipartisan challenges remain for the broader market structure bill, contrasting it with the recent success of the stablecoin legislation in the Senate. Meanwhile, President Trump, speaking at a Coinbase summit, reiterated his administration's commitment to creating "clear and simple" crypto frameworks and supporting the GENIUS Act for stablecoins. For traders, this ongoing legislative process is a key factor to watch, as the establishment of clear U.S. regulations could significantly reduce market uncertainty and provide a bullish catalyst for assets like Bitcoin (BTC) and Ethereum (ETH).

According to @rovercrc, the U.S. government is progressing on a plan to create a national Bitcoin (BTC) reserve, a move initiated by President Trump's executive order. While the Treasury Department's specific strategy remains private, officials confirmed they are establishing the infrastructure for the reserve, according to chief crypto adviser Bo Hines. The government has already audited its seized crypto assets, estimated to be around 200,000 BTC. Legislatively, Senator Cynthia Lummis and Representative Nick Begich are championing the BITCOIN Act, which proposes acquiring one million BTC over five years, representing about 5% of the global supply. This acquisition would reportedly be funded through novel methods like revaluing Federal Reserve gold certificates, avoiding new taxpayer costs. For traders, this large-scale, long-term government accumulation signals a potentially significant and sustained demand driver for Bitcoin. The market has already reacted positively, with BTC's price rising 25% since Trump's order was issued, although the legislative timeline remains dependent on other crypto-related bills.

According to Eleanor Terrett, a group of top U.S. senators, including Tim Scott and Cynthia Lummis, has released a set of principles for a new crypto market structure framework. This legislative effort is seen by the crypto industry as more urgent than stablecoin bills, as it aims to provide critical regulatory clarity. The framework's core principles, as cited in the report, include establishing clear distinctions between digital securities and commodities, creating a shared regulatory system to avoid a single powerful watchdog, and implementing 'pro-innovation' anti-money laundering protections. For traders, the successful passage of such a bill could significantly reduce investment risk by defining the legal status of various digital assets, potentially leading to increased institutional adoption and market stability in the United States.

According to Eleanor Terrett, U.S. Senator Tim Scott, Chairman of the Senate Banking Committee, has set a new deadline of September 30 for completing the crypto market structure legislation. This timeline, communicated to a White House crypto adviser, is later than President Trump's August goal but sooner than Senator Cynthia Lummis's previous end-of-year prediction. The legislative process faces hurdles, including reconciling the Senate's GENIUS Act for stablecoins with the House's Digital Asset Market Clarity Act and securing bipartisan support. Senator Lummis noted that achieving consensus can be a 'tooth-pulling exercise.' This push for regulatory clarity is a critical development for traders, as it could significantly impact the operational framework for digital assets like Bitcoin (BTC) and Ethereum (ETH) in the United States. Current market data shows BTC trading around $109,429 and ETH near $2,576, both with positive 24-hour gains, highlighting the market's sensitivity to regulatory news.

According to Eleanor Terrett, top U.S. senators, including Tim Scott and Cynthia Lummis, have introduced a new framework for regulating U.S. crypto markets, aiming to establish clear distinctions between digital securities and commodities and foster innovation through safe harbors and sandboxes. The source indicates this market structure bill is a top priority, with a goal to deliver it to the president by the end of September. Separately, Senator Lummis has introduced a standalone crypto tax bill proposing a $300 capital gains tax exemption for small transactions and eliminating double taxation on staking and mining rewards. These legislative efforts provide potential long-term clarity for the market, which is currently seeing Bitcoin (BTC) trade around $108,477, with altcoins like Solana (SOL) at approximately $150.97 and Avalanche (AVAX) showing strong gains against BTC, up over 6.7% according to provided market data.

According to @FoxNews, while President Donald Trump's directive to establish a U.S. Strategic Bitcoin Reserve has generated significant excitement, progress appears stalled. Adviser Bo Hines confirmed that federal agencies have reported their crypto holdings, estimated to be around 200,000 BTC from seizures, but the infrastructure plan for the reserve remains private. Legislative efforts, such as Senator Cynthia Lummis's BITCOIN Act which aims to acquire 5% of the global bitcoin supply over five years, are currently secondary to passing market structure and stablecoin bills. Representative Nick Begich noted these other bills must come first. Despite the delays, Trump recently reiterated his administration will work toward 'clear and simple' crypto frameworks. The source notes that since Trump's initial order, the price of BTC has risen 25%, with current market data showing BTC trading around $108,955.

According to @rovercrc, U.S. Senator Tim Scott, Chairman of the Senate Banking Committee, has established a new target deadline of September 30 for finalizing the crypto market structure legislation. This announcement, made to a White House crypto adviser, provides a clearer timeline for regulatory developments that could significantly impact the digital asset market, including Bitcoin (BTC) and Ethereum (ETH). While this timeline is later than President Trump's initial request, it accelerates the previous year-end prediction from Senator Cynthia Lummis, who has agreed to the new goal, as reported by the source. However, potential delays remain as the House of Representatives has not committed to the Senate's separate stablecoin bill, the GENIUS Act, and the Senate Agriculture Committee's involvement is still required. For traders, this September 30 deadline is a critical date to watch, as regulatory clarity or further delays could introduce significant market volatility.

According to @FoxNews, the U.S. government's plan to establish a strategic Bitcoin (BTC) reserve, initiated by a presidential directive, is facing delays as officials work on the infrastructure and legislative framework. Senator Cynthia Lummis is championing the BITCOIN Act to formalize the reserve, which aims to acquire one million BTC over five years, but this legislation is behind more urgent market structure and stablecoin bills. In a contrasting move, the New York Stock Exchange has filed for a rule change to list the Truth Social Bitcoin and Ethereum ETF from Trump Media and Technology Group. If approved, this ETF would hold Bitcoin (BTC) and Ether (ETH) in a 3-to-1 ratio, potentially increasing market access and demand for both assets.

According to @FoxNews, the U.S. Senate has passed a major budget bill without including a crypto-friendly tax amendment proposed by Senator Cynthia Lummis. The provision would have waived capital gains taxes on smaller digital asset transactions, but its exclusion means the current tax rules remain unchanged for now, a key point for traders to consider. In a contrasting development, President Donald Trump reiterated his pro-crypto stance at a Coinbase summit, promising his administration would work toward creating "clear and simple market frameworks" for the industry. Trump also referenced support for stablecoin legislation and his previously announced, though not yet established, plan for a "US Strategic Bitcoin Reserve." This mixed political signal sees Bitcoin (BTC) trading around $108,183 and Ethereum (ETH) near $2,506, showing relative market stability as traders weigh the legislative setback against potential executive support.

According to @FoxNews, the U.S. Senate has passed a major budget bill without including a key cryptocurrency tax amendment proposed by Senator Cynthia Lummis. The proposed changes, which were not adopted, aimed to significantly benefit crypto traders and investors by waiving capital gains taxes on transactions under $300 and altering the tax treatment for staking and mining rewards to be taxed only upon sale, not acquisition. The source states that this amendment would have addressed what the industry considers unfair double taxation on rewards from staking, mining, airdrops, and forks. Despite lobbying efforts from the digital assets industry, the failure of this provision to be included means the current, less favorable U.S. tax rules for crypto activities remain in place, leaving continued uncertainty for market participants. The budget bill now proceeds to the House of Representatives for further debate and voting.

According to @balajis, venture capital firm Andreessen Horowitz (a16z) has made an additional $70 million investment in EigenLayer, a leading Ethereum (ETH) restaking protocol, to support the launch of its new EigenCloud platform. This follows a previous $100 million investment from a16z, signaling strong institutional backing for EigenLayer, which currently secures over $12 billion in assets. EigenCloud aims to offer 'verifiability-as-a-service' and will be used by firms like Securitize to verify data for BlackRock's BUIDL fund, providing a significant real-world use case for the Ethereum ecosystem. This development occurs as U.S. Senator Cynthia Lummis introduces the RISE Act, a bill requiring AI developers to disclose technical data and limitations to avoid liability, promoting transparency without mandating open-source models. For the crypto market, this regulatory move could set a precedent for AI-integrated blockchain projects. Amid these developments, ETH is trading around $2,506 (ETHUSDT), and the substantial investment in key Ethereum infrastructure like EigenLayer could be a bullish long-term signal for the network.

According to @cas_abbe, the establishment of a U.S. Strategic Bitcoin Reserve, initiated by President Donald Trump's March executive order, is facing significant delays. The Treasury Department has missed its early May deadline to present a plan for holding the reserve, and Trump's crypto adviser, Bo Hines, stated the report is not mandated to be public, according to the source. Despite the delay, the directive has positively impacted the market, with the price of Bitcoin (BTC) rising 25% since the announcement. Legislative efforts are underway, led by Senator Cynthia Lummis with her 'BITCOIN Act,' which aims to acquire approximately 1 million BTC (about 5% of the global supply) over five years. However, Representative Nick Begich, who is pushing a similar bill, acknowledges that market structure and stablecoin legislation are higher priorities, suggesting further postponement. The government is estimated to already hold around 200,000 BTC from seizures and is exploring novel funding methods, such as utilizing the Exchange Stabilization Fund, to acquire more without new taxpayer funds, as reported by Hines.

According to @cas_abbe, a significant pro-crypto tax amendment proposed by Senator Cynthia Lummis was not included in the major budget bill that recently passed the U.S. Senate. For traders and investors, this is a notable setback as the amendment sought to provide substantial tax relief. Key proposals included waiving capital gains taxes on crypto transactions under $300 and, critically, changing the tax treatment for staking and mining rewards. The proposed change would have taxed these rewards only when they are sold, rather than upon both receipt and sale, which the industry argues constitutes unfair double taxation. The amendment also aimed to address rules for wash sales, crypto lending, and airdrops. With the proposal's failure to be included, the current tax framework remains in place, leaving crypto investors and miners without the anticipated regulatory clarity and financial relief. The main budget bill now proceeds to the House of Representatives for another vote.

According to @GOPMajorityWhip, a key crypto tax amendment proposed by Senator Cynthia Lummis was not included in the major budget bill that recently passed the U.S. Senate. The provision aimed to waive capital gains taxes on small-scale crypto transactions. In a separate development crucial for digital asset markets, Senator Tim Scott, Chairman of the Senate Banking Committee, announced a new target date of September 30 for completing the crypto market structure legislation. This timeline is later than the White House's preference but earlier than previous year-end estimates. However, progress on both the market structure and stablecoin bills may face delays due to the need for coordination between the House and Senate, as well as between different Senate committees. This regulatory uncertainty unfolds as Ethereum (ETH) shows volatility, trading around $2,516 after a daily decline of approximately 2.4%, according to market data.

According to @FoxNews, a significant legislative effort to ease crypto taxation in the U.S. has stalled after the Senate passed a major budget bill without an amendment from Senator Cynthia Lummis. The proposed change would have waived capital-gains taxes on small-scale crypto transactions, but its failure means the current, more complex tax rules remain in place for now. From a trading perspective, this maintains regulatory uncertainty. In parallel, the crypto-focused political action committee, Fairshake, continues its influential spending, recently backing a winning candidate in a Virginia special election. With approximately $116 million still on hand from backers like Coinbase and Ripple, Fairshake's sustained political push signals a long-term industry strategy to secure favorable legislation. This legislative backdrop coincides with market volatility, as provided data shows Ethereum (ETH) trading around $2,491 after a 4.2% decline and XRP near $2.22, down 2.5% over 24 hours.

According to Fox News, the U.S. Senate has passed a major budget bill without including Senator Cynthia Lummis's proposed amendment to ease cryptocurrency taxation, which would have waived capital gains taxes on small-scale transactions. For traders, this means the current tax complexities remain in place for now. In a separate development, President Donald Trump reiterated his pro-crypto stance at a Coinbase summit, promising his administration will work toward 'clear and simple market frameworks' and referencing the GENIUS Act to support stablecoins. Despite these supportive comments, the market saw a slight downturn, with Bitcoin (BTC) trading around $108,700, down approximately 0.5%, and Ethereum (ETH) falling over 1.2% to about $2,552. The legislative inaction on taxes presents a short-term headwind, while Trump's vocal support offers a potential long-term positive catalyst for the digital asset market.

According to @rovercrc, Bitcoin (BTC) is gaining a bullish case as an inflation hedge following President Trump's social media post suggesting future economic growth will offset current deficit spending. Crypto analyst Will Clemente noted this loose fiscal policy stance makes assets like Bitcoin and gold more attractive than long-term U.S. Treasuries, as cited in the source. This sentiment comes as BTC traded around $107,937, with technical analysis indicating support at $107,300. However, a significant development for the crypto industry was the U.S. Senate passing its major budget bill without including Senator Cynthia Lummis's proposed crypto tax provision, which aimed to ease capital gains taxes on small transactions. The bill, projected to increase the national deficit by over $3 trillion, now proceeds to the House without this crypto-friendly amendment.

According to @rovercrc, the U.S. Senate has advanced a major budget bill without including Senator Cynthia Lummis's proposed amendment to waive capital gains taxes on small-scale crypto transactions. This development means the crypto tax relief proposal must now be pursued as standalone legislation. In a separate key development for crypto regulation, Senate Banking Committee Chairman Tim Scott announced a new target deadline of September 30 to finalize the comprehensive crypto market structure bill. While this timeline is later than the White House's preference, it provides traders with a more concrete schedule for potential regulatory clarity in the U.S. market. However, potential delays could arise from the need to reconcile the Senate's stablecoin bill with the House's version and secure necessary input from the Senate Agriculture Committee.

According to @FoxNews, the U.S. Senate has passed a major budget bill without including a crypto-friendly tax provision championed by Senator Cynthia Lummis. The proposed amendment, which failed to make it into the final bill, would have waived capital gains taxes on small-scale cryptocurrency transactions. This legislative outcome is a setback for crypto lobbyists, although Senator Lummis may pursue the measure as standalone legislation. In contrast to the legislative news, President Donald Trump reiterated his pro-crypto stance in a recorded message at a Coinbase summit, promising his administration will work toward "clear and simple market frameworks" for the digital asset industry. Trump also referenced the GENIUS Act for stablecoins and his plan for a U.S. Strategic Bitcoin Reserve. From a market perspective, recent data shows Bitcoin (BTC) trading around $108,662 and Ethereum (ETH) near $2,541, with both assets experiencing minor declines.