List of Flash News about Senate Banking Committee
Time | Details |
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2025-07-04 15:05 |
US Senate Sets September 30 Deadline for Crypto Regulation Bill, Budget Excludes Crypto Tax Break
According to the White House, a key U.S. Senate committee has set an aggressive September 30 deadline to finalize a comprehensive crypto market structure bill. Senate Banking Committee Chairman Tim Scott confirmed this new timeline to a White House crypto adviser, indicating a strong push for regulatory clarity. This development comes after the Senate passed a major budget bill that, despite lobbying efforts, did not include Senator Cynthia Lummis's proposed amendment to waive capital gains taxes on small-scale crypto transactions. The push for a market structure framework is coupled with calls for the House to quickly approve the Senate-passed GENIUS Act for stablecoins. This mixed regulatory news occurs as Ethereum (ETH) shows bearish sentiment, with its price falling over 4% to around $2,486 according to market data. |
2025-07-03 04:08 |
US Crypto Regulation Update: Market Structure Bill Targets Sept 30 Deadline as Tax Provision Fails in Senate
According to @FoxNews, 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 was reportedly endorsed by a White House crypto adviser but faces potential delays from the House of Representatives due to disagreements over a separate stablecoin bill. In a significant development for traders and investors, a separate effort by Senator Cynthia Lummis to include a crypto tax provision in a major budget bill has failed. The proposed amendment, which would have waived capital gains taxes on small-scale crypto transactions, was not included in the bill passed by the Senate. This setback means that any crypto tax reforms must now be pursued through standalone legislation, leaving the current tax rules in place for the foreseeable future. The provided market data shows ETH trading at $2600.18, a 24-hour increase of 6.22%, indicating market resilience amidst the legislative uncertainty. |
2025-06-26 19:11 |
Key U.S. Senator Sets Sept 30 Deadline for Crypto Market Structure Bill, Impacting Trading Volatility
According to U.S. Senator Tim Scott, chairman of the Senate Banking Committee, legislation establishing rules for U.S. crypto markets will be finalized by September 30, as he announced at a press event. Scott stated this timeline could provide regulatory certainty, reducing market uncertainty and potential price volatility for cryptocurrencies like ETH, while emphasizing swift action on the stablecoin bill. Senator Cynthia Lummis supported the deadline, but Representative French Hill indicated unresolved issues might delay House approval, prolonging regulatory risks for traders, as reported in the announcement. |
2025-06-18 14:45 |
Senate Banking Committee Advances Crypto Market Structure Bill Principles Ahead of Key Hearing - BTC, ETH Impact in Focus
According to Eleanor Terrett, the Senate Banking Committee is actively developing principles for its own version of a crypto market structure bill, which is set to be the primary topic at next week's subcommittee hearing chaired by Senator Cynthia Lummis. Senator Tim Scott indicated that a full committee hearing could take place soon, signaling potential acceleration in U.S. crypto regulation. Traders should monitor developments, as new regulatory frameworks could affect trading volumes, compliance costs, and volatility for major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH). Source: Eleanor Terrett on Twitter (@EleanorTerrett). |
2025-05-19 16:37 |
Senate Banking Committee Democrats Criticize GENIUS Act Draft: Implications for Crypto Regulations and Market Volatility
According to Eleanor Terrett, Senate Banking Committee Democrats released a critical staff analysis of the latest GENIUS Act draft, describing it as a catalyst for 'Trump crypto corruption' and increased Big Tech control over digital assets (Source: Eleanor Terrett on Twitter, May 19, 2025). This analysis signals heightened regulatory uncertainty for cryptocurrency traders, as the GENIUS Act's current provisions could centralize digital asset oversight and potentially favor large technology firms, impacting market competition and increasing volatility in crypto trading environments. |
2025-03-27 10:28 |
Mr. Atkins' Senate Banking Committee Hearing: Implications for Cryptocurrency Regulation
According to @iampaulgrewal, Mr. Atkins, alongside Mr. Gould and Mr. Pettitt, will attend a Senate Banking Committee hearing for their nominations, focusing on addressing challenges faced by the SEC. This is significant for the cryptocurrency market as it may influence future regulatory approaches, affecting trading dynamics and compliance requirements. |