A Senate bill in Congress, now in committee. Latest step: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S1347-1348; text: CR S1348-1350)
A House resolution in Congress, now in committee. Latest step: Referred to the Committee on Energy and Commerce, and in addition to the Committees on Financial Services, and Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Revoked the 2022 digital assets executive order, created a working group on digital asset policy and barred agencies from promoting a central bank digital currency.
Bars digital asset service providers from commingling customer funds with company funds and requires them to make customer holdings information available to customers and auditors and to report annually, with administrative penalties.
Requires virtual currency mining facilities in the ERCOT region with more than 75 megawatts of interruptible load to register with the Public Utility Commission as large flexible loads.