congressman

According to Bitcoin Magazine, U.S. Congressman Warren Davidson stated in an interview video published by Bitcoin Magazine that the future of currency is closely linked to the future of Western civilization.He pointed out that the U.S. is burdened with about $40 trillion in debt, and since 2020, the dollar has lost about 30% of its purchasing power. The rising risk of default and inflation are driving up interest rates, and those without physical assets will lose purchasing power. Davidson is the founder of the Sound Money Caucus.In the interview, Davidson also discussed the end of the debate vote on the Clarity Act and its Section 305's threat to self-custody, as well as whether the bill will be reintroduced after the midterm elections, and topics such as open-source developer protection and the Trump family ethics clause. He also mentioned the American Reserve Modernization Act and the issue of the U.S. government holding Bitcoin, and responded to whether Bitcoin has become a partisan issue.Additionally, Davidson expressed his views on central bank digital currencies, financial surveillance, and reforms to the Bank Secrecy Act, referring to stablecoins as "Hydra-like" central bank digital currencies, and discussed the GENIUS Act. He urged Bitcoin supporters to defend freedom in the midterm elections and warned that the direction of the monetary system's development will determine the trajectory of Western civilization.

On September 15, local time, U.S. Congressman Thomas Massie submitted articles of impeachment against Secretary of Defense Lloyd Austin, accusing him of abusing his power by ordering hostile military action against Iran without congressional approval.This impeachment resolution has little chance of passing, but Massie's move may force the House of Representatives to hold a vote on the matter. Massie submitted the articles of impeachment under privileged motion procedures, meaning the House must consider the impeachment within two legislative workdays and cannot postpone or delay it.

The prediction market platform Kalshi has permanently banned former U.S. Congressman George Santos and fined him $71,356 for manipulating a market related to his attendance at the State of the Union address, profiting nearly $18,000. This is the first time the exchange has imposed a lifetime ban on a former member of Congress.According to a disciplinary notice issued by Kalshi's compliance department on August 28, Santos conducted multiple large transactions in this market between February 2 and 25. Since he was able to influence the outcome, exchange rules prohibited him from participating in trading. He subsequently issued a series of public statements regarding his attendance, some of which were false or misleading, intending to drive price movements in the "Yes" and "No" contracts. The compliance department determined that these statements did indeed manipulate prices, allowing him to profit $17,839.57 in the relevant market, violating multiple rules regarding market manipulation, influencing trading outcomes, and using deceptive practices, and he faced additional penalties for failing to cooperate with the investigation.The prediction market allows users to bet on the outcomes of real-world events such as elections, sports, and economic data by purchasing "Yes" or "No" contracts. As event contracts have become mainstream, Kalshi and its crypto-native competitor Polymarket have seen a surge in trading volume over the past year, attracting significant institutional interest.

According to The Block, the prediction market platform Kalshi has permanently banned former U.S. Congressman George Santos, marking the first time the platform has imposed a permanent ban on an individual. According to a disciplinary action and settlement notice submitted on Monday, Santos violated platform rules by trading on a prediction contract regarding whether he would attend the State of the Union (SOTU) address and was fined over $71,000.Previously, the Commodity Futures Trading Commission (CFTC) accused Santos of using his public statements made two weeks before the SOTU to influence the prices of related event contracts and reached a $35,000 settlement with him. Santos's lawyer stated that he had booked a hotel and flight to Washington, believing he would attend the event. Santos served as a congressman representing New York from January 2023 until the end of the year, when he was expelled for ethical violations.As the prediction market grows to billions of dollars, concerns about insider trading are increasingly being raised. The CFTC recently fined former White House teleprompter operator Gabriel Perez $172,000 for profiting in Kalshi's "mention market" by using advance access to Trump's speech content. Legislators have proposed several bipartisan bills to restrict trading on non-public information, but they have not yet passed; platforms like Kalshi and Polymarket are taking preventive measures, such as requiring employment verification for sensitive market traders.

According to The Bitcoin Historian (@pete_rizzo_), a member of the Taiwanese parliament stated that there is a "100% chance" that Taiwan will establish a strategic reserve of Bitcoin.The legislator emphasized that Bitcoin is different from gold, possessing the characteristics of digital transfer and verification, and pointed out that "the world has changed," with countries competing to lay out Bitcoin for national security considerations, acting ahead of the United States.

Former U.S. Congressman George Santos has reached a settlement with the U.S. Commodity Futures Trading Commission (CFTC). According to the order, Santos must return $17,569.98, pay a civil penalty of $17,500, and is prohibited from trading on any CFTC-registered entity for three years.The CFTC found that Santos made misleading public statements and significant omissions when trading event contracts on the prediction market platform Kalshi related to whether he would attend President Donald Trump's State of the Union address. Santos did not admit to the factual findings or conclusions in the order. Trading records show that Santos opened an account on February 11 and only traded that contract, first buying the Yes contract and profiting $3,448.43, then continuing to publicly state he would attend after flights and trains were canceled, and buying the No contract, ultimately profiting $14,390.57 from that position. Kalshi stated it had detected the related activities, froze the account, and provided evidence to the CFTC.

According to GMGN monitoring, the market capitalization of the Solana ecosystem meme coin MAGA rebounded by 52% today, reaching a high of $9.3 million, currently reported at $8 million, with a trading volume of $1.8 million during the same period.It is reported that U.S. Congressman Eric Burlison revealed in a program yesterday that the White House plans to release a batch of new documents approximately every two weeks. This is slightly faster than the official description of "every few weeks," with 6 days having passed since the last release.Since April 17, when Trump publicly stated his intention to release government documents related to UFOs, UAPs, and possible extraterrestrial life, the market capitalization of this token peaked at $33 million but has significantly declined after the recent first round of UFO document releases.ChainCatcher reminds users that meme coin trading is highly volatile, largely relying on market sentiment and speculative hype, and has no actual value or use case; investors should be aware of the risks.

According to market news, U.S. Congressman proposed the PACE Act, aimed at modernizing the U.S. payment system.The bill intends to allow qualified companies to directly access the Federal Reserve payment rails to reduce payment delays, lower transaction fees, and accelerate the transfer speed for consumers and businesses. Reports indicate that the proposal has received support from fintech and cryptocurrency groups, with the goal of making the payment system faster, lower-cost, and more competitive.

According to CoinDesk, U.S. Representatives Steven Horsford and Max Miller have reintroduced the "Digital Asset Protection, Regulation, Innovation, Taxation, and Revenue Act" (PARITY Act), aimed at revising the way the IRS handles cryptocurrency taxation.The bill was first released for discussion in December last year and was reintroduced on March 26 this year for further consideration. The bill removes the previous $200 de minimis exemption threshold for small transactions and stipulates that when trading with regulated payment stablecoins, gains or losses are not recognized unless the taxpayer's cost basis in the stablecoin is less than 99% of its redemption value, and sets a $1 recognized cost basis for exchange transactions.The bill also applies wash sale rules to digital asset transactions and distinguishes between "passive staking" and trading activities. It is currently unclear what the next steps for the bill will be, but industry insiders expect a strong push to incorporate cryptocurrency provisions into tax legislation that may become law.

According to market news, U.S. Democratic Representative Alexandria Ocasio-Cortez has officially called for the removal of Trump from office under the 25th Amendment of the Constitution. The 25th Amendment of the U.S. Constitution states that if the president is unable to perform the duties of office, the vice president shall assume those powers.

The crypto super PAC Fairshake is investing $1.5 million in an advertising campaign aimed at preventing Texas Democratic Congressman Al Green, who has a critical stance on the crypto industry, from winning in the primary election. This expenditure is pledged by Fairshake's affiliate Protect Progress.Al Green has been rated "F" by the pro-crypto organization Stand With Crypto for highlighting the potential risks of cryptocurrency and voting against crypto policy legislation, while his opponent Christian Menefee received an "A" rating. The $1.5 million investment from Fairshake exceeds the over $700,000 in campaign funds that Al Green has currently raised.It is reported that Fairshake has a funding reserve of $193 million and announced this week that it will spend $5 million to support another pro-crypto Republican Congressman Barry Moore.

U.S. South Dakota Representative Logan Manhart has reintroduced the Bitcoin Reserve Bill HB 1155, which aims to amend state law to allow the state investment council to invest up to 10% of public funds in Bitcoin.The bill is largely consistent with its version proposed in 2025 but shelved, with only minor modifications. If passed and signed into law, South Dakota will join the ranks of a few states that allow state-level allocation of Bitcoin, with only Texas, Arizona, and New Hampshire having passed related legislation.

U.S. Congressman Ritchie Torres will introduce the "2026 Financial Prediction Market Public Integrity Act," which prohibits federal officials from trading in prediction markets using significant non-public information. This move stems from a controversial incident: a Polymarket account created last December placed approximately $32,500 in bets solely on the situation in Venezuela, profiting over $400,000 within 24 hours after Maduro was arrested by U.S. forces, with a return of over 1200%.The account made only 4 predictions, all related to U.S. intervention in Venezuela, and the market began to rise hours before Trump's announcement, raising suspicions of insider trading. The bill will extend the principles of the STOCK Act to prediction markets, which had a trading volume exceeding $44 billion in 2025.

According to Theblock, U.S. Congressman Ritchie Torres will introduce the "2026 Predictive Market Financial Integrity Act," which prohibits federal officials from trading in predictive markets using insider information. This move stems from a newly created Polymarket account that bet approximately $32,000 on Venezuelan President Maduro's ousting before he was captured by U.S. military forces, ultimately profiting over $400,000.The bill will prohibit federally elected officials, political appointees, and executive branch employees from trading predictive market contracts related to government policy or political outcomes when they possess or may obtain significant non-public information through their official duties.

According to Cointelegraph, U.S. Congressman Warren Davidson has warned that the United States is sliding into a financial system that requires licensing and is heavily monitored. He believes that the recently passed cryptocurrency legislation undermines the initial promise of permissionless private money in the industry.Warren Davidson criticized the stablecoin-focused GENIUS Act in a post on the X forum, arguing that the bill would give rise to a wholesale version of a U.S. central bank digital currency (CBDC), which could be used for "surveillance, coercion, and control." He also expressed concerns that a digital identity system might be introduced in the future, forcing American citizens to obtain government permission to use their own money.

According to Bitcoin Magazine, U.S. Congressman Warren Davidson from Ohio stated that the value of Bitcoin lies in its being a "permissionless, peer-to-peer payment system" that allows individuals to have direct control over their funds, without third-party intervention, and enables rapid asset transfers.

According to Bitcoin Magazine, U.S. Congressman Warren Davidson has introduced the "Bitcoin for America Act," which aims to codify the strategic Bitcoin reserve executive order and eliminate capital gains tax when using Bitcoin to pay taxes.

According to Bitcoin News, Republican Congressman Brandon Gill from Texas disclosed that he has increased his holdings of Bitcoin and Bitcoin ETFs worth up to $300,000 in his portfolio.

According to Fox, California Democratic Congressman Ro Khanna has proposed and is pushing a resolution that supports House legislation to prohibit the President, Vice President, members of Congress, candidates for public office, public officials, senior executive branch employees, and special government employees, as well as their immediate family members, from issuing, sponsoring, or endorsing digital assets (including cryptocurrencies, meme coins, stablecoins, tokens, NFTs, digital trading cards, and DeFi platforms).The resolution also advocates for requiring elected officials, candidates, and their immediate family members to transfer their digital assets into a blind trust that cannot be accessed during the politician's campaign, term, and for two years after leaving office. The resolution further supports requiring politicians, candidates, and their families to "fully and promptly disclose all cryptocurrency transactions."Fox reports that, due to the Republican majority in the House, the resolution is unlikely to pass. Furthermore, even if the resolution passes, it would need to go through the legislative process to be incorporated into law.