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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Senate GENIUS Act Back on Track | Debate continues. Vote expected after Memorial Day holiday break.
View amendments. Read Senator Tim Scott statement.
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June HFS Hearing & Markup
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June 4: House Financial Services Hearing, “American Innovation and the Future of Digital Assets: From Blueprint to a Functional Framework.”
June 10: Markup of House crypto market structure bill.
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Reps. Emmer & Torres Reintroduce Bill to Clarify Rules for Non-Custodial Crypto Service Providers |
US Reps. Tom Emmer and Ritchie Torres last week reintroduced the Blockchain Regulatory Certainty Act (BRCA), which solidifies that digital asset developers and service providers that do not custody consumer funds are not money transmitters. It provides necessary legal clarity that will unlock blockchain development in the United States. Congressmen Emmer and Torres serve as the Co-Chairs of the Congressional Crypto Caucus.
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What We're Reading & Streaming |
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S.E.C. Investigating Whether Coinbase Misstated Its User Numbers. The inquiry continued even after the commission dropped a lawsuit accusing Coinbase of illegally marketing digital currencies to the public. - NY Times
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Theft of Coinbase Customer Data Probed by Justice Department - Bloomberg
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Crypto perpetual futures contracts could receive regulatory approval in the US “very soon,” says outgoing Commodities and Futures Trading Commission Commissioner Summer Mersinger. - Cointelegraph
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A digital assets advisory council is coming to New York City, said Mayor Eric Adams at first summit last week. - CoinDesk
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Big Banks Explore Venturing Into Crypto World Together With Joint Stablecoin. The discussions involve payments companies co-owned by JPMorgan Chase, Citi, Wells Fargo, Bank of America, and other large banks. - Wall Street Journal
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Opinion: Crypto Is Good for Trump but Bad for America - NY Times
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What killing the penny means for you - Axios
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Rashan Colbert on State of Crypto Legislation |
Catch Cointelegraph podcast episode with Rashan Colbert, Director of US Policy at Crypto Council for Innovation. [Stream]
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Trump Meme Coin Gala Controversy
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U.S. Reps. Adam Smith (WA-09) and Sean Casten (IL-06) led 35 House Democrats in a letter to the Department of Justice Public Integrity Section demanding DOJ immediately launch an investigation into whether President Donald Trump’s offer for top investors in his cryptocurrency token, $TRUMP, to join him at a private dinner violates federal bribery laws or the foreign emoluments clause of the Constitution.
Read Letter| Read Press Statement
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Members of Congress Request Investigation
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> Despite repeated claims from the White House that President Donald Trump's Thursday night gala for the top holders of his cryptocurrency meme coin had nothing to do with his official duties, several of those investors visited the White House Friday afternoon for what they described as a special VIP event, the attendees told ABC News.
> Last week, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee and Committee Democrats introduced H.R. 3573, the “Stop Trading, Retention, and Unfair Market Payoffs in Crypto Act of 2025” or the “Stop TRUMP in Crypto Act of 2025,” which would prevent the President, Vice President, Members of Congress, and their immediate families from owning a proportion of a digital asset that would allow them to unilaterally make changes to the digital asset; serving as an officer, director, or owner of a digital asset issuer; issuing, sponsoring, promoting, or receiving compensation for the sale, marketing, or mining of digital assets; or trading digital assets while in office, if the covered individual has material non-public information about digital assets. [Read Press Statement]
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EMTECH CEO Carmelle Cadet was a speaker at the Digital Money Summit last week.
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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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