Stablecoin legislation advances in Senate, moving closer to a final vote
Senate Advances Legislation for Stable Payment Coins The Senate has taken a significant step, voting to advance a bill aimed at creating a regulatory framework for stable payment coins. This brings the cryptocurrency legislation closer to a final vote. Seventeen Democrats joined nearly all Republicans in a vote to end debate on the revised version […]
Two House committees move forward with cryptocurrency market structure legislation
A group of house panels voted on Tuesday to move forward with legislation focused on cryptocurrency market monitoring. The House Financial Services and the House Agriculture Committees met separately to discuss and ultimately decided to report the bill from their sessions. But, the atmosphere in the two committees was quite different. The House Agriculture Committee […]
Senate makes significant progress on stablecoin legislation
The Senate is gearing up for a significant procedural vote on the Stubcoin Act this Wednesday, clearing its way to the cryptography sector after several contentious amendments almost derailed it. Senate Majority Leader John Thune (R-S.D.) wrapped up the debate on Monday with updated versions of the Genius Act, which had faced criticism as part […]
Foreign investors pull back from ‘unfair’ tax in Trump’s major legislation
President Trump’s tax proposal in the House version could impose a 20% tax on foreign investors from nations that “discriminate” against the U.S., leading to unease among foreign governments and financial entities. Tax specialists indicate that these regulations may reshape global minimum tax standards to align with the U.S. tax framework. However, foreign companies and […]
Senate Democrats Introduce Legislation to End Restrictions on Transgender Military Service
Senate Democrats Plan Bill to Suspend Pentagon’s Military Service Ban Senate Democrats are reportedly gearing up to introduce legislation aimed at suspending the Pentagon’s ban on military service for individuals diagnosed with gender dysphoria. The intention behind this bill is to prevent the U.S. Department of Defense from implementing policies that restrict transgender individuals from […]
House Republicans prepare adjustments to Trump’s major legislation
House Republicans Modify Trump’s Tax and Spending Proposal On Tuesday, House Republican leaders made adjustments to President Trump’s extensive tax cuts and spending initiative, with full votes expected this week. This revision followed a Senate review that pinpointed sections of the package that did not meet procedural requirements for budget reconciliation, a process that allows […]
New York Legislators Approve Assisted Suicide Legislation, Deliver to Governor
New York Senate Approves Controversial Doctor-Assisted Suicide Bill On Monday, New York Senate Democrats approved a contentious bill that would legalize doctor-assisted suicides for those suffering from terminal illnesses. This legislation has now reached Governor Kathy Hochul’s desk; however, she has not yet revealed her intentions regarding signing it. Her office mentioned they will “examine […]
Trump’s tax legislation may increase taxes on foreign firms, negatively impacting overseas investment.
Legislation Impacting Foreign Investment Washington (AP) – President Donald Trump often claims that his policies bring in trillions in foreign investments, yet some of his regulatory changes, particularly the tax reduction bill, might deter international companies from investing in the U.S. The version of the bill that passed in the House allows the federal government […]
House Approves Legislation to Exclude Non-Citizens from DC Elections
A bipartisan group of lawmakers has approved a measure aimed at preventing non-citizens from participating in local elections in Washington, D.C. On Tuesday, the House passed HR 884, a bill that nullifies the 2022 Local Referendum Amendment Act and disallows non-citizens from voting in elections held within the District. The bill saw a vote of […]
House Republicans Propose Legislation for Northern Border Security
House Republicans are pushing forward a new bill aimed at revamping security measures and addressing significant staffing shortages at the US-Canadian border, especially as the northern border isn’t getting as much attention compared to the southern border. On Tuesday, House GOP leader Ellis Stefanik (NY) collaborated with Reps. Pete Stauber (R-MN) and Nick Langworthy (R-NY) […]