According to The Information, Stripe is preparing to apply for a national trust charter with the Office of the Comptroller of the Currency (OCC) to comply with upcoming U.S. stablecoin legislation, enabling the company to continue issuing stablecoins for clients. https://t.co/OmSV70X4uN ...

Regulatory Scrutiny - A key Senate Democrat is investigating the flow of funds in and out of Jeffrey Epstein's bank accounts [1] - New legislation is being drafted to compel the Treasury Department to hand over its records related to Epstein's finances [1]

Legislation & Regulation - The House passed the CLARITY Act, indicating progress in crypto legislation [1] - The Senate needs to act on the CLARITY Act to protect crypto ownership rights in the U S [1] - Public voice is critical in passing legislation related to crypto [1] Call to Action - The industry needs public support to pass critical legislation [1] - The industry encourages individuals to advocate for the right to own crypto in the U S [1]

Regulatory Landscape - Senator Cynthia Lummis describes the process of passing legislation as "a journey" [1] - Senator Lummis indicates that her team is deeply involved in policy and regulation every day [1]

🎙️ At CoinDesk’s Policy & Regulation event, Senator Cynthia Lummis (@SenLummis) called it “a journey” to get legislation across:"We breathe this every single day.” https://t.co/b2BQlsLbHx ...

RT Sergey Nazarov (@SergeyNazarov)Great meeting today with @SenatorTimScott, Chairman of the Senate Banking Committee, the group working on the critical new market structure bill going to the senate.This new version of the market structure bill has many advantages over past versions, enabling our industry to rapidly grow in the US with fewer limitations. I am excited by the urgency with which Senator Scott is moving this critical piece of legislation forward and how he is focused on solidifying a long-term ...

Regulatory Landscape - SEC is actively engaged in rulemaking, aligning its actions with forthcoming market structure legislation [1] - SEC Commissioner Pierce indicates the SEC's proactive approach, not waiting for specific legislation to take action [1]

Crypto & Political Funding - Crypto community initially supported Trump, funding his campaign and other GOP races [1] - Trump's family members are involved in crypto ventures, further incentivizing crypto support [1] - Large crypto players like Coinbase and Andre Horowitz have close ties with the Trump administration, seeking favorable legislation [3] - Crypto donations during the campaign were primarily for political influence rather than promoting blockchain technology [12] Tensions & Policy Disagreements - Tensions arose before the Genius Act, with disagreements on merging it with a broader market structure bill [4] - The conflict was less about crypto policy and more about aligning with the White House's approach [4] - The Trump administration has low tolerance for bipartisanship, expecting crypto firms to align with their agenda [8] - Crypto firms are learning they will face pressure from the party in power and must navigate Washington's complexities [8][10] Potential Economic Impact - A breakdown in the relationship could impact funding for midterm elections and down-ballot House candidates [5] - Donor fatigue among crypto newcomers could affect future political cycles [6] - The market structure bill presents a significant financial opportunity, potentially mitigating a complete departure from the Republican party [6] - Legislation could boost the price of cryptocurrencies, allowing larger holders to sell their holdings [12][13]

💥BREAKING:TRUMP: I'M ALSO COMMITTED TO SIGNING LANDMARK CRYPTO MARKET STRUCTURE LEGISLATION THIS YEAR TO GROW THE INDUSTRY https://t.co/DZaDiAX9c6 ...

Regulatory Landscape - US passes first major national crypto legislation [1]