ChainCatcher news, according to Jinshi reports, two Democratic senators from the United States are demanding that government efficiency department (DOGE) staff related to Musk leave the Consumer Financial Protection Bureau (CFPB), claiming their presence undermines the agency responsible for regulating the billionaire's yet-to-be-established payment business.Senators Elizabeth Warren and Adam Schiff stated that Musk "is not only suppressing the consumer protection agency regulating the X digital wallet, but he may also gain access to confidential company data that could provide X with an unfair advantage over competitors." Earlier this month, DOGE staff entered the agency, disrupting operations and shutting down headquarters, temporarily putting the agency in a dormant state.

ChainCatcher news, according to Cointelegraph, U.S. Senator Cynthia Lummis has called for upgrading the U.S. reserves with Bitcoin, stating: "A basic computer can audit Bitcoin reserves at any time."

ChainCatcher news, according to Cointelegraph, U.S. Senator Elizabeth Warren called Musk a "bank robber," accusing him and the Trump administration of dismantling the Consumer Financial Protection Bureau (CFPB) to gain financial control.

ChainCatcher news, Texas Senator Charles Schwertner has resubmitted the state's strategic #Bitcoin Reserve Bill, allowing it to invest in Bitcoin or cryptocurrencies with a market capitalization of at least $500 billion, with no purchase limit.Texas Lieutenant Governor Dan Patrick previously announced that the state's strategic Bitcoin Reserve Bill will be one of the top 40 priority bills in the 2025 Senate.

ChainCatcher news, the New York State Senate has introduced Bill S4728, which aims to establish a New York State Cryptocurrency and Blockchain Research Working Group. The bill was initiated by Democratic Senator James Sanders Jr. and is currently under review by the Senate Banking Committee.The working group will be responsible for studying the impact of the widespread application of digital currency systems such as cryptocurrency and blockchain in New York State, and will provide relevant reports to the governor and the legislature.

ChainCatcher message, U.S. Senator Cynthia Lummis posted on X: "The achievements of President Trump, Elon Musk, and the DOGE team in the first few days are remarkable. The government is once again serving the American people, saving taxpayers billions of dollars. This money is real cash that will go back into the pockets of Americans."

According to ChainCatcher, as reported by Bitcoin Magazine, pro-cryptocurrency U.S. Senator Bill Hagerty will run for re-election. Hagerty has previously stated that he is working to promote freedom and opportunity by supporting Bitcoin legislation.Previous news, U.S. Senator Bill Hagerty proposed a bill aimed at establishing a regulatory framework for stablecoins, bringing tokens like USDT and USDC under Federal Reserve rules. He stated that this stablecoin bill would create "a safe and growth-friendly regulatory framework to unleash innovation" and advance President Trump's commitment to make the U.S. the "crypto capital of the world."

ChainCatcher news, Cynthia Lummis, the proposer of the "Bitcoin Strategic Reserve Act" and chair of the Senate Banking Committee's Digital Assets Subcommittee, stated, "If we use 5% of the total supply of Bitcoin (about 1 million Bitcoins) to establish reserves, then the U.S. debt could be reduced by half over the next 20 years."

ChainCatcher news, according to Bitcoin.com News, U.S. Senator Mike Lee has reintroduced the No CBDC Act, which aims to permanently prevent the Federal Reserve from supporting digital currencies.The bill has the joint support of Senators Ted Cruz and Rick Scott, marking another significant move following Trump's executive order banning CBDCs. The legislation will ensure that the Federal Reserve cannot issue, hold, or use CBDCs in any form.

ChainCatcher news, according to Bloomberg, Democratic Senator Elizabeth Warren wrote to Trump urging him to support the Consumer Financial Protection Bureau (CFPB) in its efforts to prevent banks from arbitrarily closing accounts. She warned that attempts to undermine the CFPB would only exacerbate the problem.The Trump administration fired Director Rohit Chopra and appointed Scott Bessent, a supporter of cryptocurrency, as acting director, who has suspended some regulatory activities. Warren emphasized that the issue is bipartisan and mentioned Trump's criticism of U.S. banks and JPMorgan at the Davos Forum for restricting business dealings with certain clients.At a Senate Banking Committee hearing, Anchorage Digital CEO Nathan McCauley stated that his company faced account closures by banks due to its cryptocurrency business and struggled to find new banking partners. The Bank Policy Institute responded that banks must manage risks and meet regulatory requirements, suggesting a need to fix the regulatory structure.

ChainCatcher News, U.S. Senator Ant Thornton has submitted the "Strategic Bitcoin Reserve Act" to the New Mexico Senate, proposing to invest 5% of public funds in Bitcoin, aiming to establish an alternative treasury for the state. The proposed 5% allocation would diversify the state's funds and allow it to benefit from the long-term appreciation of Bitcoin's price.The bill also proposes that the Bitcoin reserve be managed by the state investment officer and operate under the oversight of the state investment council. The bill further outlines the necessity of cold storage as a viable means to protect the state's Bitcoin.

ChainCatcher news, U.S. Senator Bill Hagerty has introduced a bill aimed at establishing a regulatory framework for stablecoins, bringing tokens like USDT and USDC under Federal Reserve rules.The Tennessee Republican stated in a press release on February 4 that this stablecoin bill will create "a safe and growth-friendly regulatory framework to unleash innovation," and advance President Trump's commitment to make the U.S. "the cryptocurrency capital of the world."Hagerty's "Guiding and Establishing the U.S. National Stablecoin Innovation (GENIUS) Act" has the support of Senators Tim Scott, Kirsten Gillibrand, and Cynthia Lummis.Hagerty added on X that he looks forward to working with Congressman French Hill and the House Financial Services Committee to "get it to the President and signed into law."

ChainCatcher news, according to Bitcoin Magazine, Ohio State Senator Sandra O'Brien has introduced a bill proposing the establishment of a Bitcoin reserve and requiring state entities to accept Bitcoin as a form of payment.

ChainCatcher news, according to Bloomberg, Republican Senator Bill Hagerty will introduce a stablecoin regulatory framework bill on Tuesday in response to the crypto industry's demand for clear regulations.The bill aims to create a predictable regulatory environment for stablecoins pegged to the dollar, gaining support from President Trump. Industry insiders believe that federal-level regulation will enhance the legitimacy of stablecoins and is expected to drive broader market adoption.

ChainCatcher news, U.S. Senator Cynthia Lummis stated in a post on X that one of her top priorities will be to hold a public hearing on strategic Bitcoin reserves.

ChainCatcher news, according to The Wall Street Journal, former Arizona Senator Kyrsten Sinema has joined the Coinbase Global Advisory Council. In an interview, Kyrsten Sinema stated that the future of cryptocurrency is very bright.

ChainCatcher news, according to Bloomberg, U.S. Democratic Senator Elizabeth Warren is pressuring Howard Lutnick, the Commerce Secretary nominee appointed by Trump, to clarify his relationship with Tether.Warren asked whether Cantor Fitzgerald invested in Tether, whether due diligence was conducted, and whether Tether's compliance with anti-money laundering and international sanctions rules was verified. Although Lutnick did not list any investments in Tether in his financial disclosure, Cantor Fitzgerald holds shares in Tether. Lutnick promised to divest his shares in Cantor Fitzgerald if confirmed by the Senate.Warren questioned whether these measures were sufficient to avoid conflicts of interest and pointed out Lutnick's personal connections with Tether's management. Tether responded that it has complied with relevant regulations and cooperated with law enforcement. Warren also requested Lutnick to clarify discussions with government officials.

ChainCatcher news, Cynthia Lummis, the proposer of the "Bitcoin Strategic Reserve Act" and chair of the Senate Banking Committee's Digital Assets Subcommittee, posted a "laser eyes" image symbolizing Bitcoin supporters on social media, with the caption "Allow me to reintroduce myself."

ChainCatcher news, according to CoinDesk, cryptocurrency critic and Democratic Senator Elizabeth Warren criticized Trump’s meme coin TRUMP and urged the U.S. Office of Government Ethics and financial regulators to investigate the ethical and regulatory details of the TRUMP token.Warren, a senior Democrat on the Senate Banking Committee responsible for overseeing U.S. financial regulators, stated that these assets, including First Lady Melania Trump's own namesake meme coin MELANIA, pose a conflict of interest for the president and highlight the most destructive and unstable factors in the cryptocurrency space. TRUMP and MELANIA pose serious risks to President Trump's ability to govern the country fairly and also present significant risks to investors in these currencies, who may become victims of a carefully orchestrated scheme by the Trump family.

ChainCatcher news, Cynthia Lummis, the sponsor of the "Bitcoin Strategic Reserve Act" and chair of the Senate Banking Committee's Digital Assets Subcommittee, stated on social media that SAB 121 is disastrous for the banking industry and will only hinder innovation and progress in digital assets in the United States. I am glad to see it being repealed and to get the SEC back on track to fulfill its intended mission.