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 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.

ChainCatcher news, the Arizona House of Representatives has passed two bills that may allow the state to establish reserves in Bitcoin or other cryptocurrencies.In the third reading of Senate Bill 1025 (SB1025) on April 28, 31 lawmakers voted in favor, while 25 opposed. Another similar bill, SB1373, passed with 37 votes in favor and 19 against. These approvals bring these bills closer to being signed into law than similar initiatives in any other state in the U.S.Meanwhile, President Trump signed an executive order in March proposing the establishment of a "strategic Bitcoin reserve" and "digital asset reserves."

ChainCatcher News, the Arizona House Committee in the United States passed the "SB 1373" bill on Thursday, which aims to establish a Strategic Digital Asset Reserve Fund, with funding sources including appropriations and seized cryptocurrency assets. The Treasurer may hold and lend assets through compliant channels to generate revenue, with an annual investment cap of 10% of the total fund amount. The bill covers blockchain assets such as Bitcoin, stablecoins, and NFTs. The bill will officially take effect after being submitted to the governor for signature.

ChainCatcher news, economist Peter Schiff posted on X that House Republicans have just passed Trump's ugly massive budget proposal. This budget will lead to higher spending and a larger budget deficit than Biden's. Worst of all, we have just freed ourselves from the shackles of foreign lenders. Get ready for indefinite quantitative easing.

ChainCatcher news, according to Jinshi reports, U.S. President Trump stated that the budget resolution passed by the House of Representatives provides the largest tax cuts and regulatory reductions in history.

ChainCatcher news, according to Jinshi reports, the U.S. House of Representatives has passed a plan to advance Trump's tax cuts and raise the debt ceiling.

ChainCatcher news, Trump posted on social media that the House Republicans must pass the tax reduction bill immediately.

ChainCatcher news, according to The Block, the Argentine Chamber of Deputies has passed three bills to officially launch an investigation into President Javier Milei and related officials' involvement in the Libra meme coin controversy. The coin was issued by Kelsier Ventures in February, and Milei publicly promoted it on the X platform, claiming it would support local entrepreneurial projects. Subsequently, the coin's price surged to a market value of $2 billion before plummeting over 90%. Milei later denied any knowledge and withdrew his support, while the opposition called for impeachment. The prosecution has requested Interpol to issue a red notice for the project's CEO, Hayden Davis.

ChainCatcher news, according to The Block, the U.S. House Financial Services Committee passed the "Anti-CBDC Surveillance State Act" (H.R. 1919) with 27 votes in favor and 22 against. The bill was introduced by Republican House Majority Whip Tom Emmer and aims to prevent central bank digital currencies from being used for monetary policy and prohibits the Federal Reserve from providing financial services directly to individuals.Emmer stated that the bill ensures that U.S. digital currency policy is in the hands of the American people rather than the executive branch. This move echoes the executive order signed by President Trump in January this year to protect American citizens from the threats posed by CBDCs. At the same time, the committee also advanced stablecoin regulatory legislation to establish a framework for dollar-pegged stablecoins to enhance their global competitiveness.

ChainCatcher news, crypto reporter Eleanor Terrett posted on social media that the House will hold a hearing on legislation regarding the structure of the crypto market. The House Financial Services Committee's Digital Assets Subcommittee will hold a hearing next Wednesday (April 9) to discuss the establishment of a federal regulatory framework for digital assets.The theme of this hearing is "The Future of American Innovation and Digital Assets: Adjusting U.S. Securities Law for the Digital Age," marking the first public push by the 119th Congress to formulate rules governing the operation of the $2.7 trillion crypto industry in the United States.

ChainCatcher news, according to The Block, French Hill, chairman of the U.S. House Financial Services Committee, stated at the blockchain summit in Washington that a revised draft of the new cryptocurrency market structure bill will be announced in the coming days. This is an updated version of the "Financial Innovation and Technology for the 21st Century Act" (FIT21) that was passed by the House last year.The bill has not yet been formally introduced in this Congress, but it was passed in the House last year with the support of 71 Democratic lawmakers, including former Speaker Nancy Pelosi. Hill mentioned that the current draft has been adjusted based on various "technical opinions." The bill aims to grant the Commodity Futures Trading Commission (CFTC) more regulatory authority and funding to oversee the cryptocurrency spot market and "digital commodities," such as Bitcoin, and further clarify the role of the Securities and Exchange Commission (SEC).

ChainCatcher news, according to crypto journalist Eleanor Terrett, U.S. Congressman Bryan Steil revealed at the blockchain summit that the stablecoin legislation STABLE Act is expected to be formally introduced in the U.S. House of Representatives today. The content shows that the draft of this bill is 80% similar to the GENIUS Act.

ChainCatcher news, according to Bitcoin Laws, the Oklahoma House has voted to pass the Strategic Bitcoin Reserve Act. The bill allows the state to invest 10% of public funds in Bitcoin or any digital asset with a market capitalization exceeding $500 billion.

ChainCatcher News: The U.S. House of Representatives voted on Tuesday local time to pass a bill that abolishes the IRS DeFi broker rules, with a result of 292 votes in favor and 132 votes against, exempting decentralized crypto exchanges (DeFi) from the obligation to report sales proceeds and transaction dates.

ChainCatcher news, according to Jinshi reports, the Republican-controlled House of Representatives voted on Tuesday to prevent Congress from quickly challenging the tariff policy implemented by President Trump that has caused turmoil in the financial markets. This vote effectively undermined the challenge initiated by Washington State Democratic Representative Suzan DelBene against Trump's tariffs on Canada and Mexico.The blocking provision was cleverly incorporated into the procedural vote of a six-month temporary funding bill proposed by the Republicans. DelBene had previously sought to force a vote under the National Emergencies Act, which grants the president special powers in emergencies, and Trump invoked this act to implement the tariffs. The bill originally allowed the House to force a vote to revoke the president's emergency powers within 15 days, and the Senate would also need to pass a related resolution for it to take effect.However, Tuesday's vote adjusted the way the House calculates the remaining calendar days for 2025, effectively preventing such challenge votes within this year and solidifying the Trump administration's dominance in trade policy.

ChainCatcher news, reported by journalist Eleanor Terrett, the U.S. House of Representatives is expected to vote on Tuesday to repeal the IRS (Internal Revenue Service) DeFi broker rule, after the repeal resolution passed in the Senate last week with an overwhelming vote of 70-27.The Senate vote received more Democratic support than expected, including key Democratic figures such as Senate Majority Leader Chuck Schumer and Senator Mark Warner.This rule requires developers of DeFi protocols and decentralized applications to report user transaction information to the IRS. The crypto industry strongly opposes this rule, arguing that it is technically difficult to enforce and lacks a legal basis. If the House passes the resolution, it will complete the repeal process, marking an important victory for the crypto industry in the regulatory arena.

ChainCatcher news, according to Fox Business reporter Eleanor Terrett, a group of House Republicans, including Tom Emmer and Bryan Steil, held a "Cryptocurrency Power Lunch" this afternoon to discuss digital asset policy initiatives and related legislation. Attendees included representatives from cryptocurrency trade organizations The Digital Chamber and Blockchain Association, as well as representatives from companies such as Paradigm, a16z, CoinFlip, Coinbase, Anchorage, and DCG.