Search results for House Financial Services Committee
Crypto
U.S. Clarity Act hearing reset to July 17, slowing legislative timeline
The U.S. House Financial Services Committee will hold a hearing on the Clarity Act, a crypto market structure bill, in New York on July 17, making completion of legislation before July 4 far less likely. With the schedule reset, coordination between the House and Senate drafts and a Senate floor vote have emerged as key variables. Senate procedures remain unresolved, including the need to secure 60 votes for cloture and to reconcile committee versions and additional provisions.
Crypto
Can U.S. Clarity bill move fast? Senate 60 votes and ethics clause are decisive
The U.S. Clarity bill has reached the stage where it can be brought to a Senate floor vote, but its passage hinges on securing about seven Democratic votes to reach the 60-vote threshold needed to overcome a filibuster. House Republicans say they are prepared to move quickly if the Senate passes the bill, potentially shortening bicameral coordination. Debate also centers on unresolved ethics provisions and other contested clauses.
Crypto
U.S. strategic bitcoin reserve bill takes shape with quarterly reserve proof, external audits mandated
The full text of a U.S. bill on a strategic bitcoin reserve, H.R. 8957, has been released, detailing a structure that effectively locks up federal bitcoin for 20 years. The bill mandates quarterly public cryptographic “proof of reserves” for all government-held bitcoin, along with independent third-party audits and oversight by the inspector general. It also sets limits on disposals and bars using new borrowing, new taxes or deficit spending to acquire bitcoin.
