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.

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 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, 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, 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, FOX Business reporter Eleanor Terrett stated on the X platform that the Senate Banking Committee will hold a meeting next Wednesday to vote on the renomination of Democratic SEC Commissioner Caroline Crenshaw. If the Senate approves her nomination, she will continue to serve on the committee until 2029; if she is not approved, Trump will be able to nominate someone else.During her tenure, Caroline Crenshaw has been a supporter of committee chairman Gary Gensler, advocating for stricter climate reporting requirements and voting against the approval of a Bitcoin spot ETF.

ChainCatcher news, U.S. Senate Banking Committee's top Republican Senator Tim Scott (R-S.C.) will unveil his priorities for a bipartisan regulatory framework for cryptocurrency on Thursday. Tim Scott is skeptical about cryptocurrency after "several high-profile failures" and "concerns over illicit financing." (source link)