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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Last Wednesday, the House Agriculture and Financial Services Committees both convened concurrent crypto market structure hearings. The HFS hearing quickly became contentious, as Democrats pushed back on Trump profiteering and lack of access to info. Democrats requested their own hearing, which was held on Friday. 

June 6 Democratic HFS Hearing Led by Rep Maxine Waters: H.R. 3573, “Stop TRUMP in Crypto Act” 

June 4 House Financial Services Hearing, “American Innovation and the Future of Digital Assets: From Blueprint to a Functional Framework”

June 4 House Agriculture Hearing, “American Innovation and the Future of Digital Assets: From Blueprint to a Functional Framework”

< Tuesday, June 10, 2025,10AM ET, 2128 Rayburn Office Building >

The Financial Services Committee will markup H.R. 3633, the Digital Asset Market Clarity (CLARITY) Act.

The U.S. Senate Banking Committee is expected to begin work on a companion bill this week.

< U.S. Senate Agriculture Committee, June 10, 3PM ET, 106 Dirksen Office Building >

Confirmation of a CFTC Chair is timely, as CFTC Commissioner Kristin Johnson has announced that she will leave at the end of year when her term ends. Leaving the agency vacant, would make it difficult to effectively regulate digital assets. 

The latest in the series of SEC Crypto Task Force Roundtables, "DeFi and the American Spirit," is June 9 in DC. 

It will be followed by a reception hosted by the Fintech Foundation, which was founded by Georgetown Law Professor Chris Brummer. 

Last week's crypto market structure hearing drama was just the latest in escalating partisan tensions. In my opinion, the issue is NOT that the majority of Democratic officials are anti-crypto. The friction point is that many Democrats in Washington need to see a place for themselves in the crypto paradigm. These access points should align with Democratic principles: Economic empowerment, small business tech infrastructure, access to capital for entrepreneurs, future workforce development, financial education, risk mitigation and other fundamentals. However, a place for Democratic officials in Web3 and DeFi would require greater support of crypto's established, vibrant, inclusive ecosystem by both big-crypto and policymakers. Crypto's diverse leaders, executives, founders, developers, consumers are fueling growth, but their contributions to foster bipartisanship are largely eclipsed. A reversal of this trend would go a long way towards alleviating partisan tensions in crypto policymaking and rulemaking as Congress deliberates.

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June 23-24, 2025
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This Week: GBBC Blockchain Central, Washington DC, June 11 – 13, 2025

Last week, Cleve Mesidor attended Blockchain Association’s inaugural Summit Series in DC with BA’s new CEO Summer Mersinger, SEC’s Michael Selig, U.S. Senator Ruben Gallego, U.S. Reps. French Hill, Dusty Johnson, Bryan Steil.

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