Oh look, the US Congress is back to playing with our digital piggy banks. 🐷💰 They’re actually trying to make some laws that don’t completely screw over the crypto scene. Shocking, right?
Ron Hammond, the bigwig at the Blockchain Association, has been blabbing on about some juicy developments this week. You know, the kind that might not make you want to throw your laptop out the window.
Congress Gets Its Crypto Groove On
Hammond took to platform X (because Twitter is so last year) to dish about Congress’s crypto shenanigans. “Congress is back and the grind continues with key nomination hearings and progressing on stablecoin legislation,” he said. 🙄
Stablecoin regulation, folks. It’s like the easiest thing ever, but these guys still manage to trip over their own feet. 🕵️♂️
Get ready for the main event: a nomination hearing this Thursday. The Senate Banking Committee is gonna have a grand ol’ time considering some crucial appointments. Fingers crossed they don’t mess it up!
We’ve got Paul Atkins for SEC Chair, Jonathan Gould for OCC honcho, and Luke Pettit for Assistant Secretary of Financial Institutions. Crypto’s very own dream team, maybe? 🤷♀️
And let’s not forget the SEC, still lacking a proper chair but somehow managing to throw a Digital Assets Roundtable. Kudos to Acting Chair Mark Uyeda for not being a total buzzkill. 🎉
Hammond says the SEC’s task force is chatting it up, just like Congress. But will they actually get anything done? Stay tuned!
Congress Inches Towards a Bill That Might Not Suck
Hammond also had some choice words about stablecoins. The Senate Banking Committee is moving slower than a snail on Valium, but when they finally vote, it’s like the world stops spinning. 🌍
The last time they voted on something big was in 2017. But hey, this stablecoin thing might just be the next big hit. 🎶
Next up: the Senate gets to vote on the stablecoin bill, and the House of Representatives is prepping its own version. Will they play nice and reconcile? We can only hope. 🤞
In a twist that’ll make your head spin, Hammond thinks a finalized stablecoin bill could land on President Trump’s desk this summer. Imagine that! 🍿
Once they get stablecoins sorted, Congress will tackle the really hard stuff. You know, like actually understanding the crypto market. 🧠💥
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2025-03-25 08:14