The U.S. Senate has moved closer to final approval of the GENIUS Act, which aims to regulate stablecoin issuers, passing a significant vote with bipartisan support. Concurrently, the House of Representatives is advancing the Digital Asset Market Clarity Act, establishing a framework for crypto market oversight. Both legislative efforts signify a major shift in U.S. crypto policy, addressing the need for regulation amidst growing market activity.

U.S. Senate Democrats are set to meet with leading crypto executives this week to discuss the stalled market structure legislation crucial for regulating the crypto sector. Despite initial optimism, the bill's progress has been hampered by contentious negotiations and political delays, prompting industry leaders to advocate for open communication and bipartisan support to advance the legislation.

The article discusses the insights gained from a briefing given to 70 lawmakers about the emerging threats in various sectors, emphasizing the importance of awareness and proactive measures in addressing these challenges. Key points include the potential risks and the need for legislative action to mitigate them effectively.

Google has expressed concerns that Australia's new law banning social media use for individuals under 16 will be "extremely difficult" to enforce and may not enhance online safety for children. The law requires platforms to estimate users' ages using AI and behavioral data rather than conducting direct age verification. Experts warn it could lead to unintended consequences despite its good intentions.

A Florida bill that aimed to require social media platforms to implement encryption backdoors for user accounts has been defeated. The proposal sparked significant debate over privacy concerns and the implications for user security. Lawmakers expressed differing views on the necessity and potential risks of such a mandate.

California has enacted a new law allowing residents to opt-out of data tracking in web browsers, enhancing privacy protections. The law requires companies to provide clear options for users to manage their data and track consent, aiming to give individuals more control over their online information.

Senator Ted Cruz has single-handedly blocked the Protecting Americans from Doxing and Political Violence Act, a bill designed to extend privacy protections to all Americans. Cruz argues that the legislation could hinder law enforcement efforts to track sexual predators, despite concerns over data brokers selling personal information.

The UK government is proposing significant legislation to combat late payments, empowering the Small Business Commissioner to impose fines and enhance transparency among companies. Designers and freelancers welcome these changes, emphasizing the positive impact on their financial stability and mental health, while expressing concerns about the implications for smaller businesses.

California has enacted a pioneering law aimed at regulating artificial intelligence, following extensive negotiations involving major tech companies and political figures. Governor Gavin Newsom's signing of the legislation, influenced by public scrutiny and industry pressures, marks a significant step in establishing national AI safety standards.

The U.S. House of Representatives has voted to advance the GENIUS bill, which aims to establish a regulatory framework for stablecoins, alongside the Digital Asset Market Clarity Act for broader crypto regulation. The vote came after a contentious procedural week, and the bills could be heading to President Trump's desk soon. No Democrats supported the measures, with concerns raised about potential overreach and privacy implications.

President Trump has expressed his support for the Bitcoin bill introduced by Senator Cynthia Lummis, which aims to provide a regulatory framework for cryptocurrency. This endorsement could significantly impact the legislative landscape surrounding digital currencies in the United States, potentially encouraging further adoption and investment in Bitcoin.

The article discusses the implications of the Freedom to Vote Act on Apple's App Store policies, particularly regarding the potential for allowing third-party app stores on iOS devices. It highlights the ongoing debate about app store regulations and the impact these changes could have on developers and consumers.

Congressional legislation is required for the establishment of a Bitcoin reserve, emphasizing the necessity for regulatory clarity and support from lawmakers to facilitate the integration of Bitcoin into the financial system. The move aims to enhance the legitimacy of cryptocurrency assets within the economy.

Arizona Governor Katie Hobbs has vetoed HB 2324, a bill that aimed to create a Bitcoin and Digital Assets Reserve Fund for managing crypto acquired through criminal forfeiture. This decision comes amid other legislative efforts in the state related to cryptocurrency, including a proposal to expand the definition of legal tender to include digital assets.

In a significant development for the cryptocurrency landscape, the U.S. House has passed three pivotal bills: the GENIUS Act, CLARITY Act, and Anti-CBDC Act. These legislative measures aim to establish clear regulatory frameworks for digital assets, addressing critical issues such as the classification of cryptocurrencies and the potential implementation of a digital dollar.

Senator Cynthia Lummis is advocating for a measure in a major budget bill that would exempt small-scale cryptocurrency transactions under $300 from U.S. taxes, aiming to simplify tax obligations for minor crypto activities. The proposed amendment also seeks to address tax treatment of mining, staking, and other crypto-related transactions, potentially alleviating burdens for users and aligning tax policy with actual income realization.

Senator Dick Durbin's retirement highlights his unintended impact on the consumer fintech industry in the U.S. His 2010 legislation, which capped debit card interchange fees, created a loophole that allowed neobanks to thrive by partnering with exempt banks, significantly benefiting fintech innovation and lowering costs for consumers. Despite not intending to do so, Durbin's actions have reshaped the financial landscape, allowing startups to offer better services without monthly fees.

Florida's proposed law mandates encryption backdoors for social media accounts, raising concerns among experts who label it as both dangerous and misguided. Critics argue that such measures undermine user security and privacy, potentially exposing sensitive information to malicious actors. The law has sparked a broader debate about the implications of government interventions in digital privacy.

Twelve Senate Democrats are urging their Republican counterparts to establish a bipartisan authorship process for crypto market structure legislation, emphasizing collaboration rather than merely commenting on a GOP-drafted bill. They are advocating for a more significant role in shaping the legislation and closer coordination with the Senate Agriculture Committee.

Senators Elizabeth Warren and Richard Blumenthal have questioned Meta about its stablecoin plans ahead of a key Senate vote on the GENIUS Act. The lawmakers are concerned about potential privacy issues and whether Meta has lobbied for the bill, specifically regarding restrictions on Big Tech firms owning stablecoin issuers. The letter also references Meta's troubled history with its previous stablecoin initiative, Libra.

Texas Governor Greg Abbott has signed a bill establishing a strategic Bitcoin reserve, making it the third U.S. state to do so. The reserve will be managed by the Texas Comptroller and is expected to involve investments of tens of millions of dollars into Bitcoin.

The House Agriculture and Financial Services Committees have both voted to advance the Digital Asset Market Clarity Act, which aims to establish a regulatory framework for cryptocurrencies. The bill, which will be merged into a comprehensive legislation, includes provisions for disclosures from digital asset firms and clarifications regarding non-custodial platforms amid ongoing political tensions surrounding Trump's crypto interests.

President Donald Trump signed the GENIUS Act into law, establishing the first major regulatory framework for stablecoins in the U.S. The bipartisan support for the legislation signals a significant shift in the crypto industry's relationship with Washington, aiming to set clear rules for stablecoin issuers and pave the way for broader crypto regulation.

YouTube is backing the NO FAKES Act of 2025, aimed at addressing the issues surrounding unauthorized AI-generated content that can mislead or misrepresent individuals. The legislation seeks to provide individuals with better control over their likenesses and establish clear legal frameworks for handling such content. YouTube emphasizes the importance of collaboration and proactive measures to ensure responsible use of AI technology.

The U.S. Senate Finance Committee is set to hold a hearing on Oct. 1 to discuss the taxation of crypto assets, featuring testimony from industry experts including Coinbase's Lawrence Zlatkin. The hearing aims to address ongoing debates about the current tax code's impact on innovation in the cryptocurrency space.

The SEC has passed a new exemption under the Genius Act that allows for the tokenization of various assets, potentially streamlining the process for issuing digital tokens. This legislative change aims to enhance the accessibility and efficiency of tokenized offerings in the financial market.

California's SB 53, a landmark AI transparency bill, has officially become law, requiring companies to disclose their use of artificial intelligence in various applications. The legislation aims to enhance accountability and ensure consumers are aware when AI is employed in decision-making processes impacting them. This move represents a significant step towards regulating the rapidly evolving AI landscape.

California's new AI safety law has been praised for its effectiveness in addressing safety concerns, contrasting with the failures of the previous SB 1047 legislation. The article discusses the key aspects that contributed to the law's success and the lessons learned from earlier attempts to regulate AI technology.

Congressman Miguel Luis Villafuerte has proposed a bill for the Philippines to establish a strategic reserve of 10,000 BTC, with the central bank buying 2,000 BTC annually for five years and a 20-year lockup on the assets. The reserve can only be used to pay off government debt, reflecting the growing importance of bitcoin as a national asset.

Congressman Nick Begich proposes the BITCOIN Act to diversify the U.S. balance sheet by acquiring one million bitcoins over five years. He emphasizes the need for the U.S. to lead in the digital economy and views bitcoin as a strategic reserve asset alongside gold.

Senate Democrats have introduced the "Clean Cloud Act of 2025" to impose regional emissions caps on crypto mining and AI data centers, requiring them to operate on 100% renewable energy by 2035 or face fines. Facilities exceeding these caps will be fined based on their emissions, and annual reporting on energy usage will be mandated for compliance monitoring.

The Senate parliamentarian has approved a 10-year moratorium on state and local artificial intelligence laws as part of a larger GOP megabill. This provision, which has caused division within the Republican party, ties the moratorium to federal broadband expansion funding, as stated by Senate Commerce Chair Ted Cruz.

The U.S. Senate is set to vote on the GENIUS Act, a significant stablecoin legislation requiring bipartisan support amid tensions between Democrats and Republicans. The bill aims to ensure stablecoins are fully backed by U.S. dollars and short-term Treasury assets, but faces opposition from within both parties regarding its provisions and implications.

Montana has enacted a new law that expands access to experimental drugs, allowing patients with terminal illnesses to try treatments that have not yet received full FDA approval. This "right to try" legislation aims to provide more options for patients facing severe health challenges, potentially changing the landscape of medical treatment in the state.

California has enacted a law banning loud commercials on streaming platforms, set to take effect on July 1, 2026. Governor Gavin Newsom emphasized the importance of this regulation, which aligns streaming services with existing commercial volume laws established by the CALM Act. The law aims to provide a quieter viewing experience for consumers, particularly parents with sleeping children.

Arizona Governor Katie Hobbs has vetoed a bill that aimed to promote the use of Bitcoin in the state. The decision has sparked reactions from the Bitcoin community, highlighting differing perspectives on cryptocurrency regulation and adoption in Arizona.

The House of Representatives passed the "Take It Down" Act, aimed at addressing the growing problem of deepfake technology and its impact on privacy and personal safety. The legislation empowers individuals to request the removal of non-consensual deepfake content from online platforms, highlighting the need for protective measures in the digital age.

A Senate Commerce Committee bill aimed at combating robocalls has advanced, proposing stricter regulations and empowering the FCC to impose penalties on violators. The legislation seeks to enhance consumer protections and reduce the overwhelming number of unwanted calls affecting Americans. Lawmakers emphasize the need for swift action to address this persistent issue.

The "Big Beautiful Bill," recently signed into law, presents both opportunities and challenges for banks. It introduces favorable tax changes, less regulation, and new lending possibilities, while also increasing operational complexities and potential risks for consumer trust and credit quality.

Donald Trump has called for the swift passage of a new stablecoin bill, emphasizing the importance of regulatory clarity in the cryptocurrency sector. He believes that a well-structured framework will benefit the U.S. economy and foster innovation in digital currencies. Trump's advocacy highlights the growing intersection of politics and the evolving landscape of cryptocurrencies.

U.S. Senators Bill Hagerty and Kirsten Gillibrand are optimistic that the "Guiding and Establishing National Innovation for U.S. Stablecoins" (GENIUS) Act could pass the Senate next week, despite recent objections from Democrats regarding consumer protection and corporate involvement. The bill aims to establish a regulatory framework for stablecoins, with ongoing negotiations expected to address concerns raised by lawmakers.

Treasury Secretary Scott Bessent projected that the U.S. dollar stablecoin market could exceed $2 trillion by 2028 with legislative support, following the Senate's advancement of the GENIUS Act. This legislation mandates that stablecoins be fully backed by U.S. dollars and includes annual audits for large issuers, aiming to enhance the global use of the U.S. dollar.

President Donald Trump intervened to help resolve a procedural snag in Congress regarding significant cryptocurrency legislation, which could greatly benefit the digital assets sector. A failed vote in the House had previously caused a decline in crypto firm shares, but Trump is now working with lawmakers to ensure the bills move forward.

TD Cowen highlights that attempts to link the stablecoin bill to Donald Trump and Elon Musk are creating significant political obstacles, despite bipartisan support. Key issues such as federal versus state oversight and the treatment of offshore stablecoins remain unresolved, potentially delaying the bill's enactment.

New York's legislature has approved a bill that mandates retail businesses to accept cash, aimed at protecting vulnerable populations, including low-income and elderly consumers. The bill, which imposes penalties for non-compliance, awaits Governor Kathy Hochul's review. Similar legislation has been enacted in other cities and states to address the rise of cashless transactions.

Governor Gavin Newsom vetoed Assembly Bill 1400, which aimed to allow California Community Colleges to offer Bachelor of Science in Nursing degrees. The decision has disappointed nursing program advocates who argue that it would have improved access and affordability for students seeking BSN degrees, while opponents express concerns about potential negative impacts on existing programs.

The Renters' Rights Bill has been enacted in England, marking the most significant reform in renting laws in over 30 years. It introduces changes such as rolling tenancies, limits on eviction, and protections against discrimination for tenants on benefits or with children, aiming to provide greater security and fairness for renters.

The article discusses the reaction of union leaders to the Alberta government's introduction of Bill 2, which mandates teachers to return to work after a provincewide strike. Union representatives, including Alberta Teachers' Association president Jason Schilling and Alberta Federation of Labour president Gil McGowan, criticize the ruling United Conservative Party for undermining workers' rights and escalating tensions between the government and organized labor.