ChainCatcher news, according to Bloomberg, the U.S. Senate passed the Republican spending bill with a vote of 62-38, effectively eliminating the risk of a government shutdown.The bill has no additional restrictions, ensuring that the government streamlining plan led by Musk can proceed and providing funding for the federal government's operations until the end of the fiscal year on September 30.

ChainCatcher news, FOX Business reporter Eleanor Terrett posted on social media that the U.S. Senate Banking Committee is set to hold its first review of the stablecoin regulatory framework bill submitted by Republican Senator Bill Hagerty.

ChainCatcher News, U.S. Senate Banking Committee Digital Assets Subcommittee Chair, U.S. Senator Cynthia Lummis stated that the Senate Banking Committee will conduct a final review (markup) today on the GENIUS Act proposed by Senator Hagerty. The main contents of the bill include: clearly defining payment stablecoins, establishing clear procedures for institutions seeking to issue stablecoins, and promoting responsible innovation while protecting consumer rights.

According to ChainCatcher news, the latest version of the "Guidance and Establishment of the U.S. Stablecoin Innovation Act" (GENIUS Act 2025) released by the U.S. Senate specifically expands the "Reciprocity for Payment Stablecoins Issued in Overseas Jurisdictions." The U.S. Secretary of the Treasury is required to reach bilateral agreements with countries that have similar stablecoin regulatory frameworks to ensure the coordination of reserve requirements, oversight, anti-money laundering and anti-terrorism measures, sanctions compliance standards, liquidity requirements, and risk management standards. This reciprocity arrangement must be completed within two years of the bill's enactment to facilitate international transactions and enhance the interoperability of overseas payment stablecoins denominated in U.S. dollars.In addition, the bill explicitly excludes licensed payment stablecoin issuers from the definition of "commodities" under the Commodity Exchange Act, further clarifying regulatory responsibilities.

ChainCatcher news, according to Fox Business reporter Eleanor Terrett, the U.S. Senate passed the Congressional Review Act (CRA) proposed by Senator Ted Cruz with an overwhelming majority of 70-27, overturning the IRS's regulatory rules on DeFi brokers. The resolution has now been submitted to the House for consideration.

ChainCatcher news, according to CoinDesk, sources familiar with the Senate plans revealed that the U.S. Senate is preparing to vote this week to overturn a regulation by the Internal Revenue Service (IRS) that is seen as a serious threat to decentralized finance (DeFi) by the crypto industry.Last December, the IRS attempted to expand the definition of brokers required to disclose certain tax information, which put crypto DeFi projects in a difficult position. Some senators are trying to use the power of the Congressional Review Act to eliminate it, while also attempting to push through another last-minute regulation: the Consumer Financial Protection Bureau's rules regarding digital payment applications.

ChainCatcher news, according to Fox Business reporter Eleanor Terrett, based on information from three Senate aides familiar with the matter, Republican members of the Senate Banking Committee are considering reviewing and amending the stablecoin bill (GENIUS Act) proposed by Senator Hagerty during the week of March 10.Previous news, the U.S. Senate Digital Assets Subcommittee's first hearing focused on stablecoin regulation.

ChainCatcher news, according to CoinDesk, the U.S. Senate Banking Committee held its first hearing on digital assets, focusing on stablecoin legislation and Congress's role in future crypto regulation.The hearing was chaired by crypto-friendly Senator Cynthia Lummis, who stated that Congress is close to introducing a bipartisan framework for stablecoin and market structure legislation, but stablecoin regulation will be prioritized. Former CFTC Chairman Timothy Massad suggested that Congress should postpone market structure legislation for several years until the current regulatory frameworks of the SEC and CFTC are implemented and adjusted.Additionally, Senator Mark Warner expressed concerns about stablecoin KYC issues, pointing out that while issuers perform KYC, stablecoins do not undergo identity verification when circulating between wallets, which could be used for illegal activities. Lightspark Chief Legal Officer Jai Massari responded that blockchain can provide immutable on-chain records and suggested further development of tracking tools to balance privacy and compliance.

ChainCatcher News: The U.S. Senate Banking Committee on Digital Assets will hold its first hearing on February 26, local time, to discuss the topic of "Exploring a Bipartisan Legislative Framework for Digital Assets."

ChainCatcher news, according to U.S. media reports, the Senate Finance Committee is investigating whether Dan Morehead, founder of Pantera Capital, violated federal tax laws after moving to the tax haven of Puerto Rico.According to a letter released by the Senate Finance Committee, Morehead sold "a large number of shares" after relocating to Puerto Rico, resulting in "over $1 billion" in capital gains. The committee has requested that Morehead share information related to these transactions, including the name of his tax advisor. The letter also asks him to provide a list of all assets sold during his residency in Puerto Rico, including cryptocurrencies.Morehead stated in a declaration that he moved to Puerto Rico in 2021 and believes he has taken appropriate actions regarding his taxes. A spokesperson for Oregon Democratic Senator Ron Wyden stated that the investigation is ongoing and declined to comment further.

ChainCatcher news, Fox Business reporter Eleanor Terrett posted on the X platform that the U.S. Senate Committee on Banking, Housing, and Urban Affairs will hold a hearing on February 5 at 10:00 AM EST (February 5 at 11:00 PM Beijing time) on the topic "Investigating the Real Impact of Debanking on America."Witnesses include:• Nathan McCauley, Co-founder and CEO of Anchorage Digital• Stephen Gannon, Partner at Davis Wright Tremaine LLP• Mike Ring, President and CEO of Old Glory Bank• Aaron Klein, Senior Fellow in Economic Studies at the Brookings InstitutionThis hearing will explore the impact of bank account closures and restrictions on financial services on businesses and individuals, and examine related policy responses. The meeting will be held in Dirksen Senate Office Building 538 and will be available for online live streaming.

ChainCatcher news, according to Fox reporter Eleanor Terrett, the U.S. Senate Banking Committee will hold a hearing on February 5, focusing on the issue of "de-banking" of cryptocurrency companies by banks.Eleanor Terrett stated that this is the first-ever hearing on the topic of "de-banking" in U.S. history. Previously, the U.S. House Committee on Oversight and Government Reform sent letters to leaders of cryptocurrency companies, including Uniswap Labs CEO Hayden Adams, Coinbase CEO Brian Armstrong, and Kraken CEO David Ripley, requesting them to explain their experiences with "de-banking."

ChainCatcher news, U.S. Senator Cynthia Lummis announced on the X platform that she will serve as the chair of the Digital Assets Subcommittee of the U.S. Senate Banking Committee.

ChainCatcher news, Fox Business reporter Eleanor Terrett posted on the X platform that the U.S. Senate Banking Committee plans to vote at 10 AM Eastern Time to decide whether Cynthia Lummis will serve as the chair of the Digital Assets Subcommittee, and it is unclear whether any other announcements will be made.

ChainCatcher news, CCTV reporters learned that the U.S. Senate confirmed Marco Rubio as Secretary of State with a vote of 99 in favor and 0 against. This is the first senior cabinet official of the Trump administration to be confirmed by the Senate. Rubio has served as a Republican senator from Florida since 2011, and his nomination received support not only from Republicans but also from several Democratic senators.

ChainCatcher news, according to Forbes reporter Eleanor Terrett, the U.S. Senate Banking Committee will vote to approve the chairs and members of its various subcommittees (including the Digital Assets Subcommittee) on Thursday at 10 AM Eastern Time (January 23 at 11:00 PM Beijing Time).

ChainCatcher news, according to Fox Business reporter Eleanor Terrett's post on the X platform, the U.S. Senate Banking Committee, led by Senator Tim Scott, will establish its first subcommittee dedicated to cryptocurrency. This subcommittee will be modeled after the Republican Financial Services Subcommittee established by Patrick McHenry in 2023.Senate aides have confirmed that Senator Cynthia Lummis has been preliminarily selected as the chair of the subcommittee, pending a vote by the full committee. It is reported that the vote to approve Cynthia Lummis and the new Republican and Democratic members (still under consideration) may take place next Thursday, during which a nomination hearing for Trump-nominated Housing and Urban Development Secretary Scott Turner will also be held.

ChainCatcher news, according to Cointelegraph, the Digital Sovereignty Alliance (DSA) was officially established today. This alliance is a non-profit organization dedicated to advancing emerging technologies, public policy, research, and education, including decentralized technologies, blockchain, cryptocurrency, Web3 innovations, and artificial intelligence.DSA Director Adrian Wall stated, "The purpose of establishing the DSA is to lead important bipartisan dialogue and advocate for policies that ensure emerging technologies benefit society as a whole. The rapid development in fields such as blockchain and artificial intelligence brings tremendous benefits to society, and therefore public policy must keep pace to address ethical and social impacts. We are committed to bringing together experts, policymakers, and the public to advocate for thoughtful, forward-looking policies."

ChainCatcher news, according to Jinshi reports, the elected President Trump announced the latest nominations for three positions in the new government, including former Fox senior news writer Tammy Bruce as the State Department spokesperson. Since winning the U.S. presidential election in November 2024, Trump has gradually announced his cabinet nominations, and the list of key personnel has been released.The next step is for this long list to await Senate confirmation. The U.S. Constitution stipulates that the President's appointments of major government officials, ambassadors, and other senior officials require Senate approval to be finalized. As Trump prepares to begin his second presidential term, over 1,300 official appointments will need Senate approval.

ChainCatcher News, U.S. Senate Majority Leader-elect Schumer stated: "I will swiftly confirm key national security positions." (Jin Ten)