ChainCatcher news, according to Cointelegraph, 35 U.S. House representatives have jointly written to the Department of Justice, requesting an investigation into the private dinner held by President Trump on May 22 for TRUMP Meme coin holders, alleging potential violations of the "foreign emoluments clause" in the Constitution and federal anti-bribery laws.The representatives pointed out that most attendees are suspected to be foreign nationals, and this undisclosed contact could become a channel for foreign governments to influence U.S. policy. Meanwhile, Democrats are pushing two pieces of legislation: one to limit contact between high-ranking government officials and their relatives with cryptocurrency; and another to add an amendment targeting the stablecoin platform associated with the Trump family in the "GENIUS Act." Legal experts noted that if the Department of Justice determines that the dinner constitutes foreign influence, it could lead to a constitutional lawsuit.

ChainCatcher news, crypto reporter Eleanor Terrett stated that the Chairman of the House Financial Services Committee, French Hill, has scheduled the review date for the House cryptocurrency market structure bill for June 10.

ChainCatcher news, according to Bitcoin Laws, Texas has passed the strategic Bitcoin reserve bill SB 21, which was approved by a vote of 101 in favor and 42 against in its third reading, and is now submitted to the governor's office for signing.

ChainCatcher News, President Trump pressured his Republican colleagues in Congress on Tuesday to unite in support of a comprehensive tax cut bill, but he clearly failed to persuade a handful of stubborn Republicans who could still block the package that encompasses much of Trump's domestic agenda.In a closed-door meeting on Capitol Hill, Trump bluntly warned House Republicans not to make further changes to the massive bill. He strongly cautioned against making it more difficult for people to access Medicaid benefits. According to a person present who spoke on condition of anonymity, Trump told Republicans, "Don't mess with Medicaid." Trump also discouraged Republicans from seeking further reductions in state and local taxes. However, this issue is particularly important for moderate Republicans in high-tax states like California and New York.

ChainCatcher News: The House committee has approved Trump's tax cut bill, preparing for a possible vote this week.

ChainCatcher news, according to CoinDesk, Bo Hines, the executive director of the White House Digital Asset Advisory Committee, stated at the Consensus 2025 conference in Toronto that despite challenges in the legislative process, the Trump administration still plans to complete the signing of bills related to stablecoins and market structure before the August congressional recess. Hines emphasized that current legislative negotiations are actively progressing, and the government remains optimistic about this timeline.In response to recent public skepticism regarding the Trump family's involvement in the cryptocurrency business, Hines stated that the president's children, as private business entities, have the legal right to participate in the capital markets and believe that digital assets represent the future direction of the financial industry. He also made it clear that reports about companies purchasing TRUMP tokens will not affect presidential decision-making.Additionally, Hines confirmed that the White House working group is still researching specific implementation plans for establishing a Bitcoin strategic reserve program. This statement continues the Trump administration's policy direction to maintain the United States' leading position in the digital asset space.

ChainCatcher news, according to Jinshi reports, the White House stated that U.S. President Trump has reached a historic $1.2 trillion economic commitment in Qatar.

ChainCatcher news, according to The Guardian, former General Secretary of the Labour Party and current member of the House of Lords Iain McNicol has publicly apologized for violating parliamentary conduct rules.An investigation revealed that McNicol sent a letter to the Treasury promoting the cryptocurrency company Astra Protocol in June 2023, while he was receiving a monthly consultancy fee from the company. The House of Lords Commissioner for Standards, Margaret Obi, determined that this constituted "providing paid parliamentary services," which is a violation of the Code of Conduct for Members of Parliament.

ChainCatcher news, according to Jinshi reports, the U.S. House Fundraising Committee passed the Trump tax cut plan by a partisan vote.

ChainCatcher news, according to official reports from Filecoin, Lighthouse has announced its official operation on the Base chain, achieving cross-chain integration with Filecoin through the Axelar network, providing users with decentralized storage services. Users can seamlessly access Filecoin storage using USDC and USDT.

ChainCatcher news, according to Politico, Trump posted on Truth Social on March 2, stating "will advance a cryptocurrency strategic reserve including XRP, SOL, and ADA," which was actually driven by the lobbyist Ballard Partners, and Trump himself was unaware. The lobbyist Ballard has been "ousted" from the White House.According to insiders, just minutes after the president's post, the White House's "cryptocurrency czar" David Sacks became furious, and soon White House officials realized that the XRP mentioned in "Truth Social" was a client of lobbyist Ballard. Insiders revealed that after the post about cryptocurrency was exposed, White House staff were instructed not to meet with Ballard.However, those close to Trump indicated that the dissatisfaction with Ballard goes far beyond this; some White House officials believe Ballard is profiting from Trump's reputation. Politico reviewed the invitations to Trump fundraising events received by Ballard, as well as his call records with senior officials in the Trump administration since the March incident, and evidence suggests that Ballard has not severed ties with the White House.

ChainCatcher news, according to a post by Fox Business reporter Charles Gasparino, Wall Street executives say the White House is preparing to reach trade agreements with India, Japan, South Korea, and Australia, with tariff levels expected to be similar to those with the UK, around 10%. However, trade policy with China is a different matter.

ChainCatcher news, according to Politico, Maxine Waters (Democrat from California), the top Democrat on the House Financial Services Committee, plans to obstruct the joint hearing on the cryptocurrency market structure bill on May 6. Since the joint hearing requires unanimous consent, this move could lead to the meeting's failure. Waters subsequently plans to hold a "shadow hearing" with some Democratic members, focusing on the Trump family's entanglements with the cryptocurrency industry.This confrontation stems from a regulatory framework draft for the cryptocurrency market pushed by Republicans, which proposes to allocate regulatory authority over digital assets to different market regulatory agencies. Last Saturday, Waters called Republican committee chairman French Hill (Republican from Arkansas), demanding that provisions targeting the Trump family's cryptocurrency business be included in the legislation, or she would obstruct the hearing.The cryptocurrency positions of the Democratic and Republican parties in the U.S. are diverging. Republicans insist that legislation should remain neutral, with Wisconsin Congressman Bryan Steil emphasizing that "the bill imposes uniform requirements on all issuers." Meanwhile, Democrats continue to use "potential conflicts of interest involving the Trump family" as a reason to delay the Republican-led friendly legislation process for the cryptocurrency industry. The hearing was originally scheduled to discuss the Republican proposal to establish the first comprehensive regulatory framework for cryptocurrency assets in the U.S. The Trump family's recent business activities in the cryptocurrency space—including their official meme coin TRUMP and related DeFi project investments—are becoming a primary target for Democrats to attack the legislative motives of Republicans.

ChainCatcher news, according to Jinshi reports, Edward Jones senior investment strategist Angelo Kourkafas stated that at next Thursday's Federal Reserve monetary policy news conference, Powell may continue to sound hawkish to counter the claim that the Federal Reserve will be influenced by the White House.

ChainCatcher news, New Hampshire House Majority Leader Jason Osborne posted that New Hampshire is expected to become the first state in the U.S. to establish a Bitcoin strategic reserve. Currently, states are competing. The first governor to sign the bill will make history.

ChainCatcher news, according to The Block, informed sources revealed that French Hill, the chairman of the House Financial Services Committee, and others are expected to release a regulatory draft on cryptocurrency ahead of the hearing scheduled for May 6 (local time).The hearing will take place at 10 AM Eastern Time on the 6th, with the theme "The Future of American Innovation and Cryptocurrency: A Blueprint for the 21st Century." It is expected to focus on the long-awaited legislation to define the structure of the U.S. cryptocurrency market. The draft is anticipated to be similar to the "Financial Innovation and Technology for the 21st Century Act" (FIT 21) that passed the House last year. A staff member from the House Agriculture Committee also confirmed that the draft text will be released before the hearing.Committees in both the House and Senate have advanced bills focused on stablecoins, while legislation regulating the entire cryptocurrency industry is seen as the next step. Former President Donald Trump stated that he hopes to see a stablecoin bill before August, but some have indicated that these bills may be interconnected.

ChainCatcher news, according to the official website, Binance Alpha has launched Housecoin (House) and XAI gork (gork).

ChainCatcher news, according to Cointelegraph, the North Carolina House of Representatives passed the Digital Asset Investment Act (HB 92) with a vote of 71 in favor and 44 against, allowing the state treasurer to invest up to 5% of state government funds in approved cryptocurrencies. The bill has now been submitted to the state Senate for review.North Carolina State Treasurer Brad Briner publicly supports the bill, making North Carolina the second state in the U.S. to advance government crypto investment after Arizona. The Arizona legislature passed two cryptocurrency reserve-related bills (SB 1025/SB 1373) on April 28, which are currently awaiting Governor Katie Hobbs' signature. Arizona may become the first state in the U.S. to require public funds to invest in Bitcoin.