butterscotch is the only media outlet exclusively covering news about inclusion in Web3, DeFi, crypto. CHEWS is our inaugural, weekly newsfeed, providing timely policy updates, industry trends, market research.
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House Financial Services Committee Hearings:
Wed, June 24, 10AM: “Future of Payments: Promoting Innovation and Fair Markets”
Thurs, June 25, 10AM: “From Wall Street to Main Street: The Future of How America Invests”
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Tomorrow: Senate Banking Committee Hearing |
Tues, June 23: The Affordability Agenda
Witnesses: Lindsey Johnson, CEO, Consumer Bankers Association; Kevin Brown, President, National Association of Realtors; and Cody Carbone, CEO, Digital Chamber.
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GENIUS Act: U.S. Senators Advocate for States |
Senate Banking Subcommittee on Digital Assets Chair Cynthia Lummis (WY) led Senators Kirsten Gillibrand (NY), Bill Hagerty (TN), Angela Alsobrooks (MD), Kevin Cramer (ND), Catherine Cortez Masto (NV), and Pete Ricketts (NE) in sending a letter to Treasury Secretary Scott Bessent urging the Treasury Department to preserve the role of states in chartering and supervising payment stablecoin issuers.
Excerpt: "The GENIUS Act’s inclusion of an annual recertification requirement further supports the conclusion that certification is intended to function as a continuing process and partnership between Federal and State authorities. Treasury’s implementation should reflect that structure. We respectfully request that Treasury provide written procedural guidance on the State certification process and confirm that certification will remain available to states on an ongoing basis." [Read Letter]
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Maryland Democrats slam crypto, AIPAC-linked spending in race for Hoyer’s seat. Candidate Adrian Boafo benefited from $8.8 million in spending by outside groups supporting his campaign. Protect Progress, a crypto-backed super PAC, and United Democracy Project, the political arm of the American Israel Public Affairs Committee. - Roll Call
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- Crypto Industry Makes Its Biggest Midterm Bet Yet. The industry’s main super PAC has spent $9.8 million on ads to help the Senate bid of Representative Barry Moore of Alabama, a Republican seen as pro-cryptocurrency. - NY Times
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- Senate, House reach agreement on housing bill banning CBDC through 2030. - The Block
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Bipartisan crypto negotiators are readying an 11th-hour sprint of meetings this week in an attempt to finalize key details of a landmark crypto market structure bill. The Senate’s vanishing calendar has put significant pressure on the talks as the August recess approaches. - Punchbowl
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- Last week, Governor JB Pritzker signed the Digital Asset Tax Act, enacting a 0.2% charge on the value of digital asset transactions or services provided to Illinois customers, as part of the state’s FY2027 budget planning. - The Block
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Son of pro-crypto New York Senator Kirsten Gillibrand raises $30 million to launch a derivatives exchange. - Fortune
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THE GET DOWN: BEYOND BITCOIN PODCAST |
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Stream all episodes with host Ritzy P on your favorite platform.
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butterscotch is a digital news studio broadcasting stories about Black, Latino, Indigenous DeFi retail investors, Web3 consumers, founders, executives, officials. The virtual newsroom - featuring eNews, Podcast, Live Events – seeks to deepen mainstream understanding of diverse segments of the emerging $3 trillion crypto industry.
Cleve Mesidor, CEO & Managing Editor
Ashlynn Mesidor, CTO & Co-Founder
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