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According to Cointelegraph, U.S. Senator Bernie Moreno stated that the cryptocurrency market structure bill, the CLARITY Act, is expected to pass in Congress before April. Moreno mentioned in an interview with CNBC that there is now a clear path for the bill's advancement.Coinbase CEO Brian Armstrong, in the same interview, stated that there were previously disagreements regarding the interest-bearing provisions for stablecoins and regulatory jurisdiction, but all parties are currently seeking a "win-win" solution. The report noted that the stablecoin yield provisions are one of the main points of contention in the bill's progress.Moreno also expressed that he does not believe the results of the midterm elections will affect the bill's passage. Previously, officials from the White House also expressed positive expectations for the bill's advancement earlier this year.

According to FinanceFeeds, two Democratic senators have written to Treasury Secretary Scott Bancenet, requesting an assessment of whether the UAE government's affiliated entity's $500 million investment in the cryptocurrency company World Liberty Financial should undergo a national security review by the Committee on Foreign Investment in the United States (CFIUS).The committee, led by the Treasury Department, is responsible for reviewing foreign investment transactions that may involve sensitive technologies or data. According to a previous report by The Wall Street Journal, G42, supported by Abu Dhabi royal family member Sheikh Tahnoon bin Zayed, acquired a 49% stake in World Liberty Financial through an entity named Aryam Investment 1. The report indicated that some of the funds flowed to the Trump family and its affiliates. The Trump camp denied any knowledge of this. Senators Elizabeth Warren and Angus King questioned in their letter whether the deal could allow a foreign government access to user data and mentioned G42's past collaborations with Chinese companies. They requested the Treasury Department to clarify by March 5 whether a review process has been initiated or if a recommendation has been made to the president.World Liberty Financial is the issuer of the stablecoin USD1, which has circulated over $5 billion since its launch in March 2025. The company lists Trump and his Middle East envoy Steve Witkoff as honorary co-founders. A company spokesperson previously stated that the two were not involved in the UAE-related transactions.

According to a report by Reuters, two Democratic senators from the U.S. Senate Banking Committee, Elizabeth Warren and Andy Kim, have written to Treasury Secretary Scott Bessent, requesting a review of a transaction involving an Emirati entity acquiring a stake in a cryptocurrency company owned by the Trump family.It has been reported that a company under the Emirati national security advisor purchased a 49% stake in World Liberty Financial for $500 million. The two senators are calling for an investigation into whether this transaction poses any national security risks.Warren and Kim are asking Bessent, who is responsible for the Committee on Foreign Investment in the United States (CFIUS), to determine whether a CFIUS review is necessary for the Emirati acquisition of the 49% stake in World Liberty Financial, and if so, to conduct a comprehensive, thorough, and fair investigation. They have requested that Bessent respond to several questions by March 5, including whether CFIUS has reviewed the transaction in any form or submitted any recommendations to President Trump.The two senators pointed out that the transaction raises significant national security concerns regarding whether countries like the UAE could potentially access "sensitive personal information" collected by World Liberty Financial.

According to market news, Paul Atkins, the chairman of the U.S. Securities and Exchange Commission (SEC), stated at a Senate Banking Committee hearing that while his agency has the authority to provide regulatory clarity for the crypto industry through rulemaking, such rules lack "future adaptability" and can easily be overturned by subsequent administrations. Therefore, "a solid foundation in law is needed to prevent future backtracking."Atkins noted that the SEC currently has "quite broad powers" to advance rulemaking through the "Project Crypto" agenda, but he emphasized that "Congress needs to enact good legislation" to support these rules. Although progress on the Senate's bill to regulate the cryptocurrency market structure has been intermittent, one of the main Democratic negotiators, Senator Mark Warner, expressed at the hearing that he still hopes this work can make progress.

According to The Block, U.S. Senator Cynthia Lummis called for the banking industry to embrace stablecoins and digital assets during an interview, believing that this will bring new product opportunities for traditional financial institutions.She pointed out that stablecoins can significantly reduce settlement times and costs, thereby greatly enhancing the efficiency of domestic and international transactions. Providing custody and payment services for this will open up more business possibilities for banks. Lummis currently serves as the chair of the Senate Digital Assets Subcommittee.She emphasized that she does not understand why the banking industry resists digital assets, as this actually provides banks with new financial products to offer to customers. The current disagreement between banks and the cryptocurrency industry over stablecoin yield terms remains a key factor delaying the passage of the U.S. cryptocurrency market structure bill.

Some Republican lawmakers are urging the U.S. Treasury to purchase Bitcoin. Senator Cynthia Lummis has reportedly suggested to Treasury Secretary Yellen to use the U.S. gold reserves to buy Bitcoin. She proposed this idea to Yellen last year and stated that she would support actions taken within the existing executive authority.

According to Decrypt, U.S. Senator Chris Murphy from Connecticut has warned that a deal involving UAE investors secretly paying Trump-associated cryptocurrency firms may involve potential criminal activity. Murphy alleged that four days before Trump's inauguration, Aryam Investment, linked to UAE Sheikh Tahnoon bin Zayed, agreed to acquire 49% of Trump-associated cryptocurrency company World Liberty Financial for $500 million, with approximately $187 million flowing to entities associated with the Trump family and at least $31 million going to family-associated entities of Trump's Middle East envoy, Steve Witkoff.Subsequently, the Trump administration approved the expansion of UAE's access to advanced U.S. AI chips, which had been restricted during the Biden administration. In his Senate speech, Murphy summarized the accusation as: a secret massive transfer of funds to Trump and envoy-associated families, followed by the U.S. sharing restricted security technology with the UAE. He stated that this is corruption, constitutes elements of bribery, and is potential criminal behavior, warning that although accountability may be delayed, the consequences are inevitable, the rule of law will return, and those who trade power for money will go to jail. Previously, it was reported that a confidant of the Abu Dhabi royal family secretly invested $500 million to acquire 49% of the Trump family's WLFI company; Trump responded that he was unaware of the $500 million investment from Abu Dhabi into WLFI, and that his sons were handling it.

U.S. Senator Elizabeth Warren is calling for Congress to hold hearings on the $500 million acquisition of WLFI equity by UAE National Security Advisor Sheikh Tahnoon bin Zayed Al Nahyan. Reports indicate that the transaction documents were signed by Eric Trump, with approximately $187 million flowing directly into entities related to the Trump family, and at least $31 million going to entities associated with Trump ally Steve Witkoff.Elizabeth Warren stated that this move is "purely a corrupt act" and urged the Trump administration to rescind its decision to sell sensitive artificial intelligence chips to the UAE. She also called for Trump administration officials, including Steve Witkoff, David Sacks, and Commerce Secretary Howard Lutnick, to testify before Congress on related issues, claiming that they jeopardize U.S. national security for the benefit of a president-associated cryptocurrency company.

According to Jinshi, U.S. Democratic Senator Warren stated that no Republican should agree to advance the nomination of Waller before President Trump halts the investigation into the Federal Reserve.

On Thursday local time, during a meeting where the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC) discussed regulatory coordination in the cryptocurrency sector, Senator Amy Klobuchar warned that the CFTC's powers should not be expanded without a full commission in place. "We cannot grant the U.S. Commodity Futures Trading Commission such broad new powers with only one member."

Six U.S. Senators, including Mazie K. Hirono, Elizabeth Warren, and Richard Durbin, sent a letter to Deputy Attorney General Todd Blanche on January 28, questioning his decision to dissolve the Department of Justice (DOJ) National Cryptocurrency Enforcement Team (NCET) in April 2025.The senators pointed out that although Todd Blanche claims the DOJ should not act as a regulator of digital assets, he himself held cryptocurrencies valued between $158,000 and $470,000 at the time of making that decision, which constitutes a clear conflict of interest and may violate federal laws regarding personal financial interests. The senators previously referred to the shutdown of the department as a "serious mistake," believing it would facilitate criminal activities such as sanctions evasion, drug trafficking, and fraud.The letter cited data showing that illegal cryptocurrency activities surged by 162% in 2025, primarily driven by a significant increase in cryptocurrencies received by sanctioned entities, and that money laundering networks have become a "dominant force" in the digital asset space. The senators believe that Todd Blanche's actions may violate the provisions of federal law 18 U.S.C. § 208(a) concerning the influence of personal financial interests on public decision-making. Currently, Todd Blanche has been named as a subject of a complaint by the DOJ Office of the Inspector General.

According to Cointelegraph citing Politico, U.S. Republican Senator Roger Marshall has agreed not to push for an amendment regarding credit card fees that he proposed during the Senate Agriculture Committee's review of a key cryptocurrency bill next week.The amendment aims to force businesses to compete on swipe fees, but the White House believes this move could jeopardize the advancement of the entire crypto bill, thus intervening to coordinate. The Senate Agriculture Committee was originally scheduled to review the market structure bill this Thursday, but it has been postponed to February 3 due to a winter storm sweeping across many parts of the U.S. The bill aims to clarify the regulatory responsibilities of financial regulatory agencies over the cryptocurrency industry, but the review process has been delayed multiple times as bipartisan committees attempt to garner cross-party support.

According to Coindesk, the Acting Comptroller of the Currency, Jonathan Gould (appointed by Trump), stated that the federal trust bank application related to World Liberty Financial Inc. will proceed as usual.Jonathan Gould rejected the request from Senator Elizabeth Warren for a special review of the potential conflict of interest between the president and the company.

According to Coindesk, sources have revealed that Senate Democrats have returned to the negotiating table to discuss the best approach for the cryptocurrency market structure bill. They held a conference call with representatives from the cryptocurrency industry, where lawmakers engaged in in-depth discussions about the next steps.This week, the Senate's plan for a first vote on the bill was suddenly postponed, after which Democrats attempted to show that they are still prepared to advance the legislation. The draft bill released this week has sparked significant criticism, and U.S. cryptocurrency exchange Coinbase also announced that the company cannot support this version.

U.S. Senators have submitted over 130 amendments regarding the upcoming review of the cryptocurrency market structure bill this week. The amendments cover topics such as stablecoin yield rules, DeFi provisions, restrictions on public officials' involvement in cryptocurrency interests, and adjustments to the definitions of digital asset mixers and tumblers. These amendments have been proposed by senators from both the Democratic and Republican parties.The Senate Banking Committee will hold a review meeting this Thursday to discuss the relevant amendments and vote on whether to include them in the bill text, followed by a vote on whether to advance the legislative process. Some amendments show bipartisan support, including proposed changes to the stablecoin yield provisions, such as removing the current text's references to "solely due to holding stablecoins" and strengthening yield disclosure and risk warning requirements.

U.S. Senator and senior Democratic member of the Senate Banking Committee Elizabeth Warren has called for a pause on the application for a national trust bank charter related to World Liberty Trust Co. until Donald Trump divests his family's holdings in the related digital asset business.Reports indicate that Warren has written to Office of the Comptroller of the Currency Director Jonathan Gould, requesting a delay in the application process while Trump still holds relevant interests. She pointed out that if the application is approved, the rules set by regulators could directly impact the profitability of the president's related businesses, creating a serious conflict of interest.Warren stated that Congress failed to address such issues when passing the GENIUS Act, and therefore the Senate has a responsibility to confront these conflicts while reviewing legislation on cryptocurrency market structure. Currently, the Senate Banking Committee is set to hold hearings on related bills, but the latest leaked draft has not included the government ethics provisions previously requested by Democrats.

Senator Cynthia Lummis posted on the X platform that after months of effort, the bipartisan agreed-upon bill text is ready and will be reviewed on Thursday.Senator Cynthia Lummis urged her Democratic colleagues not to give up the progress made and stated that the Digital Asset Market Clarity Act will provide the necessary transparency to ensure innovation stays in the United States and protects consumer rights.

According to The Block, U.S. Republican Senator Cynthia Lummis and Democratic Senator Ron Wyden jointly introduced the "Blockchain Regulatory Certainty Act" on January 12, which clarifies that software developers who do not control user funds should not be considered money transmitters. This bill echoes previous work in the House of Representatives and is expected to be included in the Senate Banking Committee's broader legislation on cryptocurrency market structure.The Senate Banking Committee plans to hold a hearing this Thursday to revise and vote on comprehensive regulatory legislation for the cryptocurrency industry, with the text of the bill expected to be released early this week. The Senate Agriculture Committee was originally scheduled to review its cryptocurrency market structure bill on the same day, but it has now been postponed to later this month.Key points of legislative negotiations include the treatment of stablecoin yields, conflicts of interest in the Trump family's cryptocurrency business, and the role of decentralized finance (DeFi). The DeFi Education Fund emphasizes that this bill is crucial for protecting software developers and self-custody rights.

U.S. Senator Cynthia Lummis posted, "Why is the U.S. government still selling Bitcoin when Trump has clearly indicated that these assets should be retained to build America's strategic Bitcoin reserve? While other countries are continuously accumulating Bitcoin, we are squandering these strategic assets, which we cannot afford. I am deeply concerned about this report."Previously reported, the U.S. Department of Justice instructed the Marshals Service to sell 57.55 Bitcoins, worth approximately $6.367 million, that were paid as part of a plea agreement by the developer of Samourai Wallet through Coinbase Prime, potentially violating Executive Order 14233 signed by President Trump. This order requires that Bitcoins obtained through criminal forfeiture be included in the "national strategic Bitcoin reserve" and not be sold. Currently, the balance of that Bitcoin address is zero, indicating that the related assets may have been liquidated.

Senator Lummis posted on the X platform stating that the "Responsible Financial Innovation Act" allows large banks to provide digital asset custody, staking, and payment services under appropriate regulation.Senator Cynthia Lummis pointed out that digital assets are an indispensable part of the financial system, and incorporating them into the regulated banking system can protect consumers while unleashing growth potential.