Senate News

Senators could vote on Michael Selig’s nomination to head the CFTC, which, if successful, is expected to lead to the departure of acting Chair Caroline Pham.

“Our staffs are exhausted,” said the Wyoming senator at the Blockchain Association Policy Summit on Tuesday, speaking on the progress of the crypto bill.

Michael Selig said he supported having a “cop on the beat” for digital asset markets and answered questions about how he would handle regulation as the sole CFTC commissioner.

Democratic senators are urging a probe into WLFI over alleged token sales to North Korea- and Russia-linked wallets, while researchers say some claims stem from false positives.

Senate Banking Chair Tim Scott says the committee could mark up a crypto market structure bill in December, sending it to President Donald Trump for early 2026.

Bitcoin ETFs saw $866 million in outflows as the US shutdown ended, pushing BTC to a six-month low and raising concerns over market structure and investor demand.

Smart money traders have also added $8.5 million worth of net long Bitcoin positions, signaling growing optimism among the industry’s most successful traders.

With the US government shutdown expected to end this week, the Senate Agriculture Committee scheduled a hearing to consider President Donald Trump’s pick to head the CFTC.

John Deaton’s campaign announcement primarily focused on his background and cost-of-living issues; he spoke about digital assets during his 2024 run for the US Senate.

The Senate passed a bill on Monday to end the record US government shutdown, while Bitcoin has been trending on social media as it surged 6.7% past $106,000.

The Senate Agriculture Committee has released a draft bill outlining the proposed regulatory jurisdiction of the country’s two main financial market regulators.

A Bitcoin rally through $112,000 could be brewing. Cointelegraph explains why the pending release of US economic data and the end of the government shutdown are good for BTC.

Changpeng Zhao’s lawyer, Teresa Goody Guillén, reportedly threatened to sue Warren for “defamatory statements” on X after CZ secured a pardon from Trump.

The remaining “10%” of issues center mainly on DeFi, which Brian Armstrong says lawmakers are addressing carefully to preserve innovation.

The shutdown could stall progress on the crypto market structure bill, but lawmakers continue to insist the legislation is on track.