- House committee to discuss crypto market regulations on April 9.
- Coinbase pushes for full FDIC transparency amid regulatory shifts.
- Solana Policy Institute boosts blockchain policy advocacy.
Lawmakers push to regulate digital assets as the House Financial Services Committee reviews market structure legislation. Coinbase continues its legal fight against the FDIC over past regulatory actions targeting crypto firms.
House Prepares for Key Crypto Market Hearing
According to Eleanor Terrett, the House Financial Services Committee’s subcommittee on digital assets will hold a hearing on April 9 to discuss a federal regulatory framework for digital assets. Titled “American Innovation and the Future of Digital Assets: Aligning U.S. Securities Laws for the Digital Age,” this session marks the first public effort by Congress to regulate the $2.7 trillion crypto market.
Lawmakers are refining past legislative proposals like the Fit for the 21st Century Act (FIT21) and the Responsible Financial Innovation Act to establish rules for crypto firms. Republican leaders aim to finalize market structure and stablecoin regulations before the August recess.
The House Financial Services Committee will also hold a markup session on April 3 for the STABLE Act, the House’s stablecoin bill, aligning with the Senate’s GENIUS Act. Both bills share 80% similarity, with talks ongoing to reconcile them.
Coinbase Pushes Forward with FDIC Lawsuit Despite Policy Shift
Despite new regulatory changes, Coinbase is continuing with its Freedom of Information Act (FOIA) lawsuit against the FDIC. The FDIC has eased regulations on institutions seeking to obtain approval for engaging in business with cryptocurrencies, marking a gentler approach to digital currencies.
The step was taken against increasing pressure to put an end to “Operation Chokepoint 2.0,” a coordinated effort to withhold bank access to crypto businesses. The policy change is part of a larger movement towards relaxing digital asset controls.
Coinbase continues to press for full disclosure of past regulatory actions. It sued the FDIC in the previous year for withholding documents on pause letters sent to banks in the previous administration.
Crypto Legislation and Market Outlook in Focus
Washington’s crypto agenda remains active as Congress advances multiple regulatory initiatives. The House’s updated market structure legislation aims to refine past bills while addressing regulatory gaps.
The outcome of stablecoin negotiations will shape industry oversight. The Senate’s resolution nullifying the IRS DeFi broker rule awaits President Trump’s approval, potentially becoming the first crypto law under the administration.
The launch of the Solana Policy Institute highlights blockchain-specific policy advocacy. Led by former DeFi Education Fund executive Miller Whitehouse-Levine, it seeks to influence regulations affecting Solana and the broader crypto market.
