REPUBLICAN SENATORS PLAN CRYPTO BILL UPDATE

INDUSTRY DESK■ 1 MIN READ

TUE, JUN 30, 2026

■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE

A Republican senator leading cryptocurrency regulation efforts said lawmakers will soon release an updated draft of an industry-backed bill addressing ethics concerns from members.

The revised measure aims to regulate cryptocurrency and digital assets while tackling objections raised by fellow lawmakers. Bloomberg Intelligence's Nathan Dean confirmed the development during an appearance on "Bloomberg Crypto" with host Isabelle Lee. The bill represents ongoing efforts to create a regulatory framework for the crypto sector. The updated draft signals movement toward consensus among lawmakers, though specific details on what ethics provisions will be included remain unclear. This marks another step in the broader push for federal cryptocurrency legislation. The crypto industry has backed regulatory measures as a way to establish clear rules and reduce uncertainty around digital asset trading and custody.

■ SOURCES

► Bloomberg Tech

■ SUMMARY WRITTEN BY AI FROM THE LINKS ABOVE

■ MORE FROM THE CRYPTO DESK

P766CRONOS BLOCKCHAIN RESTARTS AFTER $74M EXPLOIT

The Cronos blockchain resumed trading following a price-manipulation attack on the Tectonic lending platform. An attacker exploited the protocol to borrow $74 million in cryptocurrency.

8H AGO— AI Desk

P755HYPERLIQUID EYES US ENTRY VIA KRAKEN'S PAYWARD

Hyperliquid Labs is in advanced talks to launch perpetual futures trading to US customers through Payward, the parent company of crypto exchange Kraken. The move comes weeks after President Trump indicated efforts to bring the offshore platform onshore.

11H AGO— AI Desk

P427REVOLUT LAUNCHES EURO-BACKED STABLECOIN

Revolut has entered the stablecoin market with a euro-denominated digital token, joining major banks and payment firms racing to establish digital money solutions. The move reflects growing adoption of stablecoins for cross-border payments and business transactions.

AUG 26— Industry Desk

P393BITCOIN BREAKS $80K ON CRYPTO MARKET REBOUND

Bitcoin climbed above $80,000 for the first time since mid-May as bullish sentiment returns to the cryptocurrency market. The surge triggered liquidation of billions in leveraged positions.

AUG 25— Industry Desk

◄ BACK TO NEWS

REPUBLICAN SENATORS PLAN CRYPTO BILL UPDATE

■ MORE FROM THE CRYPTO DESK

■ SUBSCRIBE TO THE DAILY BRIEF