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 Fortune, the U.S. Senate is set to vote on the "Guidance and Establishment of the American Stablecoin Innovation Act" (GENIUS Act) on Thursday.This is a comprehensive stablecoin bill, and both critics and supporters have stated that it will allow the federal government to recognize this emerging industry and pave the way for broader adoption of stablecoins as a means of payment beyond the cryptocurrency trading space.Massachusetts Democratic Senator Elizabeth Warren has expressed her desire to unite Senate Democrats against the measure, warning that it would open the door for large tech companies to take over the dollar. In a two-page analysis of the bill, she stated: "Under this bill, Musk could launch 'X Money' tomorrow, turning social media into a payment empire with almost no regulation, and what we are seeing is the potential privatization of the dollar."

ChainCatcher news, according to Bitcoin Laws, U.S. Senator Cynthia Lummis has reintroduced the Bitcoin bill to the Senate, after the previous 2024 version was shelved in committee. The new version proposes to purchase 1 million bitcoins over 5 years, similar to the previous version, but there are several key differences.The 2025 Bitcoin bill sets a stricter plan to purchase 200,000 bitcoins per year (instead of "up to" 200,000 in the 2024 version). The new version also strengthens the holding requirements and removes the exception clause regarding the repayment of federal debt instruments that was present in the previous version.The bill adds provisions to coordinate bitcoin purchases with the Exchange Stabilization Fund (ESF), which was not mentioned in the 2024 version. The ESF is a reserve fund of the U.S. Treasury, with approximately $39 billion in assets, and the executive branch's bitcoin acquisitions may draw on this fund.Regarding gold revaluation, the new version explicitly states that the proceeds from revaluing the Federal Reserve's gold will be used to purchase bitcoins, whereas the 2024 version only included these funds in the general fund, marking a significant change.

ChainCatcher news, the strategic Bitcoin reserve bill proposed by U.S. Senator Cynthia Lummis has now been published on the Congressional government website.

According to ChainCatcher news, as reported by Cointelegraph, U.S. Senator Cynthia Lummis has reintroduced the Bitcoin bill (Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide Act of 2025) in the 119th Congress, which will allow the U.S. government to hold over 1 million bitcoins.The bill was originally proposed in July 2024, requiring the U.S. government to purchase 200,000 bitcoins annually over five years, funded by adjustments to existing funds from the Federal Reserve and the Treasury. After this revision, the U.S. government can hold additional bitcoins through legal means (including civil or criminal forfeiture, donations, or transfers from federal agencies). Additionally, BTC voluntarily deposited by states into strategic bitcoin reserves will be held in separate accounts.Furthermore, the new bill introduces a formal assessment process for bitcoin fork assets and airdrop assets. The original bill required all fork assets to be held in the national bitcoin reserve for at least five years, and they could not be sold or disposed of without legal authorization. The revised bill allows the Secretary of the Treasury to evaluate and retain the most valuable fork assets based on market value after the mandatory holding period ends, while ensuring that the reserves continue to hold "dominant assets."

ChainCatcher news, U.S. Senator Cynthia Lummis stated, "The Bitcoin bill is the solution to our nation's debt problem and the future of prosperity for America."

ChainCatcher news, according to Fox Business reporter Eleanor Terrett, U.S. Senate Banking Committee digital assets subcommittee chair Cynthia Lummis announced that she will jointly reintroduce the Bitcoin Act in the Senate with West Virginia Republican Senator Jim Justice.

ChainCatcher news, according to Axios, on the morning of the first day of the White House's digital assets summit, Senator Elizabeth Warren sent a critical letter to the government's cryptocurrency and artificial intelligence chief, known as the "crypto czar," David Sacks.Senator Warren believes that the more the federal government supports the blockchain industry, the more it will inflate the value of existing holders, which raises conflicts of interest for the officials making these policies. The senator raised several pointed questions regarding potential conflicts of interest involving David Sacks and his colleagues. She also detailed a series of actions taken by the Trump administration, stating that these actions raised concerns about the ethics of their decision-making.

ChainCatcher news, according to The Block, U.S. Senate Banking Committee Chairman Tim Scott has proposed a bill aimed at prohibiting regulators from overseeing banks on the grounds of "reputational risk." This move comes in response to accusations from the crypto industry that U.S. government agencies are excluding it from the financial system.The Republican senator from South Carolina submitted the bill on Thursday and stated in a press release that the legislation would "limit the weaponization of federal banking agencies and eliminate the power of regulators to use 'reputational risk' in the regulatory process."The Federal Reserve defines "reputational risk" as: "The risk of loss resulting from negative public opinion (whether true or not) regarding an institution's business practices, which may result in a loss of customers, costly litigation, or revenue decline."

ChainCatcher message, U.S. crypto-friendly Senator Cynthia Lummis stated while sharing the news "The White House will support CRA to overturn DeFi broker rules," that "The IRS's regulations on DeFi fundamentally misunderstand how decentralized technology operates.Wyoming has been at the forefront of responsible digital asset regulation, and I have witnessed firsthand how regulatory clarity—rather than overregulation—can foster innovation. These tough federal regulations could push U.S. crypto entrepreneurs overseas when we should be nurturing this industry domestically. I am honored to join Senator Ted Cruz in overturning this attack on the crypto community."

ChainCatcher news, U.S. crypto-friendly Senator Cynthia Lummis cited the news that "the SEC has agreed to withdraw the lawsuit against Kraken," stating that this is a huge victory for the digital asset industry, "we are ending punitive regulation and welcoming the return of innovation in the U.S."

ChainCatcher News, U.S. Senator and Chair of the Senate Banking Committee's Digital Assets Subcommittee Cynthia Lummis posted on the X platform that the U.S. Securities and Exchange Commission (SEC) has agreed to withdraw its lawsuit against the cryptocurrency exchange Kraken, calling it "a huge victory for the digital asset industry. We are closing the door on punitive regulation and welcoming the return of American innovation. This is very significant."

ChainCatcher news, according to Fox Business reporter Eleanor Terrett's post on the X platform, U.S. Senate Banking Committee's Digital Assets Subcommittee Chair Cynthia Lummis revealed that strategic Bitcoin reserves in U.S. states may be launched before the federal strategic Bitcoin reserves. She mentioned that currently "there are not enough candidates in the House and Senate to do (the federal Bitcoin strategic reserve) this."

ChainCatcher news, U.S. Senate Banking Committee on Digital Assets Chair Cynthia Lummis posted on the X platform: I spend dollars and save bitcoin.

ChainCatcher news, according to Cointelegraph, U.S. crypto-friendly Senator Cynthia Lummis stated at the first hearing of the Senate Banking Committee on Digital Assets yesterday: "We are about to establish a bipartisan legislative framework for stablecoins and market structure."

ChainCatcher news, according to Bitcoin News, U.S. Senator Rand Paul is calling for a comprehensive audit of the U.S. Mint's gold reserves, including physical inspections. He also requested to personally inspect Fort Knox and other vaults with his staff.

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 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."