Update 882 – Fiscal Fingers Crossed?Rescissions Package Sets Precedent For the first time in over 30 years, Congress has acted on a presidential rescissions request under the Impoundment Control Act to cancel funding that was previously approved in bipartisan appropriations bills. Beyond funding cuts, this move sets a precedent for undoing negotiated agreements by simple …
Update 881 – Crypto Week in House:Bumpy Ride on the Digital Express This week is “Crypto Week,” or “Anti-Crypto Corruption Week,” depending on who you ask. Many of Trump and the GOP’s financial regulatory objectives are approaching fruition, with major pieces of crypto legislation up for a vote in the House this week. One of …
Update 875 – OBBB Senate Obstacles,Fed Freeze, Genius Act Vote Lead Week With the Senate Finance Committee’s text for the GOP One Big Beautiful Bill (OBBB) released this week, we now have a full picture of the Senate’s approach to reconciliation. Though expected to be a more moderate version of the House bill that passed …
Update 873 – Crypto Regulation Bills:Congress Paid/Poised to Please Firms Congress is forging ahead with major cryptocurrency legislation this week. Two House Committees held markups on and approved the CLARITY Act. Votes are expected later this week on the GENIUS Act in the Senate. These bills would establish new regulatory frameworks for facets of the …
