ChainCatcher news, Coinbase CEO Brian Armstrong posted on the X platform stating that we need a comprehensive regulatory framework that covers all types of digital assets. Congress should pass the CLARITY Act and the GENIUS Act together to make them law. 52 million American cryptocurrency holders are eagerly awaiting.

ChainCatcher news, the Brazilian Chamber of Deputies is currently reviewing Bill No. 4501 of 2024, which proposes the establishment of a Bitcoin Sovereign Strategic Reserve (RESBit), planning to allocate up to 5% of international reserves for the purchase of Bitcoin. The bill aims to diversify treasury assets, mitigate exchange rate fluctuations and geopolitical risks, promote the development of blockchain technology, and support Brazil's digital currency (Drex).The reserve will be jointly managed by the Central Bank of Brazil and the Ministry of Finance, utilizing secure technologies such as cold wallets and establishing a strict transparency mechanism. Rapporteur Congressman Luiz Gastão has voted in favor of the bill, emphasizing that a cautious and gradual implementation strategy will be adopted to balance potential benefits and risks.

ChainCatcher news, according to crypto journalist Eleanor Terrett's post on the X platform, Brian Quintenz will deliver a prepared statement in support of Congress granting the Commodity Futures Trading Commission (CFTC) new jurisdiction over the spot cryptocurrency market at the Senate Agriculture Committee's confirmation hearing today afternoon local time. He stated, "This could be the most exciting and significant moment in the agency's history—because Congress is considering granting the agency new jurisdiction over the spot cryptocurrency market..." It is reported that Brian Quintenz will attend the committee meeting at 3 PM Eastern Time.

According to ChainCatcher, a message from crypto journalist Eleanor Terrett reveals that a joint statement from eight major crypto industry associations is set to be released, with Uniswap and Jump Crypto also participating in the statement, expressing support for the inclusion of the Blockchain Regulatory Certainty Act (BRCA) in the latest version of the CLARITY Act.The eight major crypto policy organizations in Washington, D.C. issued a joint statement calling on Congress to include the Blockchain Regulatory Certainty Act (BRCA) in market structure legislation.These organizations include: DeFi Education Fund, Coin Center, Solana Policy Institute, The Digital Chamber, Blockchain Association, Crypto Council for Innovation, Bitcoin Policy Institute, and Paradigm.They stated that this amendment is crucial for protecting software developers and infrastructure providers who do not custody customer funds. The amendment was initially proposed by Tom Emmer and has now gained bipartisan support from Rep. Ritchie Torres and others. Many in the industry view it as a foundational policy safeguard for DeFi developers. The joint statement urges lawmakers to include the BRCA in the CLARITY Act, which is a House bill regarding the market structure for digital assets.

ChainCatcher news, according to Cointelegraph, U.S. Republican Congressman Tim Burchett has introduced HR 3798, a bill aimed at establishing a national strategic Bitcoin reserve and codifying it into federal law.

ChainCatcher news, according to Cointelegraph, on June 6, Congressman Thomas Massie led a group including Troy Nehls, Addison McDowell, and Warren Davidson to introduce the Gold Reserve Transparency Act (H.R. 3795), which calls for a comprehensive audit of the U.S. gold reserves.The bill will require a thorough assay, inventory, and audit of all U.S. gold holdings, and will make public all transactions involving U.S. gold over the past 50 years, including purchases, sales, loans, pledges, leases, swaps, and other collateral activities.

ChainCatcher News: U.S. Senator Mike Lee announced that he is drafting an amendment that would disqualify members of Congress from running for re-election if the deficit exceeds 3% of GDP. Elon Musk expressed his support for this earlier today.

ChainCatcher news, Aptos Labs CEO Avery Ching will testify at a House hearing to share his perspectives on building blockchain infrastructure. The hearing is titled "The Future of American Innovation and Digital Assets: From Blueprint to Practical Framework," aimed at promoting the development of a clear and practical legislative framework for the digital asset market.As an invited voice from the L1 blockchain technology founders and CEO, Avery Ching will explain the core role of tokens in open networks, practical use cases on Aptos, and the importance of clear regulation for technological innovation in the United States from the perspective of an engineer and builder.This hearing is led by the Agriculture Committee, which oversees the regulation of the U.S. Commodity Futures Trading Commission (CFTC), and has substantial influence in the legislative framework for the digital asset market. Avery's testimony will be included in the official record and may provide key references for future policy-making.

ChainCatcher news, according to The Guardian, as questions about the deep and secret ties between the Trump administration and the cryptocurrency industry continue to escalate, a senior Democratic member of the U.S. House of Representatives is calling for Trump to disclose the guest list of a private dinner held last week for major investors in his meme coin TRUMP.At a star-studded cryptocurrency conference in Las Vegas this week, as the Trump administration rolled out the red carpet for the industry, Congressman Jamie Raskin from Maryland, the top Democratic member of the House Judiciary Committee, called on Thursday for an investigation into the private dinner held last week at Trump’s golf club in Virginia, which was specifically for major buyers of his TRUMP digital token.In a letter, he wrote: "Releasing this list will inform the American public about who is putting tens of millions of dollars into our president's pocket, so we can start to figure out what they got in return for this huge amount of money, besides a virtually worthless meme coin."As U.S. Vice President JD Vance and other senior officials from the Trump administration appeared in Las Vegas on Wednesday and Thursday to attend the "Bitcoin 2025" conference, actively promoting the U.S. government's crypto-friendly policies to industry leaders and investors, Raskin's call for investigation was also made.

ChainCatcher news, according to Jinshi citing Politico, the White House will submit a proposal to Congress next week to cut spending for the Department of Government Efficiency (DOGE).

ChainCatcher news, according to Cointelegraph, VanEck's head of digital assets Matthew Sigel stated at the Bitcoin 2025 conference that if the U.S. needs to continue increasing its Bitcoin strategic reserves, it must do so through congressional legislation rather than executive orders. He suggested incorporating Bitcoin mining incentives into the budget reconciliation bill, including tax credits for mining companies that use methane gas, and requiring miners to pay a portion of their mining proceeds to the government.Currently, the U.S. government holds nearly 200,000 Bitcoins. When President Trump established this reserve through an executive order on March 7, it stipulated that any new reserves could only be achieved through budget-neutral strategies or asset forfeiture. Wyoming Senator Cynthia Lummis proposed in July 2024 to convert part of the Treasury's gold certificates into Bitcoin, and President's digital asset advisor Bo Hines also proposed a similar plan this March.

ChainCatcher news, according to Jin Shi reports, sources say that the director of the Federal Emergency Management Agency was prepared to be fired before publicly breaking with Trump at a congressional hearing.

ChainCatcher news, according to crypto journalist Eleanor Terrett, former North Carolina Congressman and Chairman of the House Financial Services Committee Patrick McHenry (McCarthy) revealed that former SEC Chairman Gary Gensler has not been as anti-cryptocurrency in private as he has been in public. "I think this has more to do with Senate politics and the confirmation process."

ChainCatcher News, U.S. Senator Chris Murphy posted on the X platform that he will introduce the "MEME Act," which prohibits the President or members of Congress from issuing Meme coins. Murphy stated, "Trump Coin is the biggest corruption scandal in the history of the White House," and expressed that he will work with Congressman Sam Liccardo to promote legislation to curb such behavior.

ChainCatcher News, Bank of America stated that it is willing to issue its own stablecoin if Congress enacts relevant legislation.Bank of America is the second-largest lending institution in the United States, and its CEO Brian Moynihan has previously stated, "As long as legislation allows, we will enter the stablecoin business."

ChainCatcher news, according to Axios, U.S. Democratic Representative Shri Thanedar from Michigan introduced seven articles of impeachment against Trump on Monday. The impeachment articles mainly involve charges of obstruction of justice, abuse of power, usurpation of authority, as well as bribery and corruption, primarily related to the concentration of presidential power and personal finances.Thanedar stated in a declaration that Trump "is unfit to hold the office of president and poses a clear and present danger to the Constitution and democracy of the nation." Reports indicate that, due to the Republican Party currently controlling both the House and Senate, these impeachment measures are unlikely to pass.

ChainCatcher news, according to Crypto In America, U.S. lawmakers are returning to Congress after the Easter recess, prioritizing cryptocurrency legislation with the goal of completing the stablecoin and market structure bills before the August deadline set by President Trump.The House Financial Services Committee and the Agriculture Committee will hold a joint hearing on May 6 to discuss the digital asset legislative blueprint. The Senate is also working to integrate the contents of the 2022 Lummis-Gillibrand bill and the FIT21 bill.

ChainCatcher news, according to Bloomberg, U.S. President Donald Trump stated that he would "absolutely" sign a bill banning members of Congress from trading stocks, expressing concern that lawmakers might exploit insider information for personal gain."I have no problem with that," Trump said in an interview, "If they send that bill to my desk, I will sign it."

ChainCatcher news, according to Jinshi Data reports, the White House stated that Trump will consider banning stock trading by members of Congress.

ChainCatcher news, New York Attorney General Letitia James sent a letter to U.S. congressional leaders on April 10, calling for stronger federal regulation of the cryptocurrency industry and explicitly opposing the inclusion of digital assets in U.S. retirement plans. James stated that cryptocurrencies have "no intrinsic value" and are highly volatile, making them unsuitable for retirement savings. She also warned that unregulated cryptocurrencies could undermine the dollar's dominance, threaten national security, and disrupt financial market stability. James proposed regulating stablecoin issuers, requiring them to establish a physical presence in the U.S. and ensure anti-money laundering compliance.