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In advance of today's Senate floor vote on the Senate stablecoin bill, Senator Ruben Gallego is leading opposition to  the GENIUS Act.

U.S. Rep. Maxine Water and other Democrats walked out of Tuesday's crypto market structure procedings. The hearing had to continue as a roundtable. Rep. Waters convened her own competing panel at the same time.

Read response from House Committee on Financial Services Chairman French Hill (AR-02).

OCC Clarifies Bank Authority to Engage in Crypto-Asset Custody and Execution Services

The OCC published Interpretive Letter 1184 to confirm that national banks and federal savings associations may buy and sell assets held in custody at the customer’s direction and are permitted to outsource to third parties bank-permissible crypto-asset activities, including custody and execution services, subject to appropriate third-party risk management practices. 

DEAR CONGRESS: 

Let’s inject meaningful amendments and provisions.

Democrats and Republicans in both chambers of Congress are at an impasse on landmark crypto legislative packages. As contentious negotiations ensue, some founders, executives, entreprenuers in crypto have a list of demands: 

✅ It is Small Business Week, so start by ensuring there's a regulatory pathway for startups, traditional small businesses to comply and become market leaders. 

✅ It’s always the economy stupid, so greater investments in digital assets education and future workforce training are a must.

✅ Since the largest crypto adopters are individuals that have been locked out of traditional finance, we should authorize the institutions they trust - CDFIs, MDIs, CUs - to offer digital assets. These are the financial institutions likely to also offer risk mitigation services and deploy tools to consumers to help them combat scams and fraud. 

The American public want solutions, not stalemates! 

Blockchain Association has hired Jessica Martinez as Senior Director of Government Relations.

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