News, data and analysis on tokenized assets, market design and digital economic systems.
Standing Senate committee whose jurisdiction covers banks and banking, money and credit and the Federal Reserve System, and the Senate gate for digital-asset legislation: it voted 15-9 on 14 May 2026 to send the Digital Asset Market CLARITY Act to the floor.
Standing Senate committee whose jurisdiction under Rule XXV of the Standing Rules covers banks and banking, deposit insurance, money and credit including currency and coinage, and federal monetary policy including the Federal Reserve System, with 13 majority and 11 minority seats, chaired by Tim Scott of South Carolina with Elizabeth Warren as ranking member. It is the Senate gate for digital-asset legislation: it published its account of the Digital Asset Market CLARITY Act on 13 January 2026 and voted 15-9 on 14 May 2026 to send the bill to the Senate floor, two Democrats joining the majority. The bill would set the boundary between SEC and CFTC jurisdiction in statute rather than through enforcement, and bank trade associations used the markup to press for tighter limits on interest-like rewards paid to stablecoin holders.
Developments in which United States Senate Committee on Banking, Housing, and Urban Affairs is a named party, newest first.
The letter puts nearly a million investors' losses at $3.81bn against $636m of gains for the President, and asks whether the coin was a soft rug pull. A blockchain analytics firm told CNN it shows no hallmarks of one, and the SEC would not comment.
The Senate Banking Committee released its version of the CLARITY Act on 11 May 2026 and advanced the crypto market structure bill out of committee that month. A further revision was reported in July 2026 as negotiators worked toward a bipartisan compromise.
In a letter dated 3 August 2026, Senators Elizabeth Warren and Richard Blumenthal asked SEC chair Paul Atkins to investigate the $TRUMP memecoin for illegal fraud or unjust enrichment, arguing it may be a gradual rug pull. The letter cites press estimates that nearly a million investors lost over $3.81bn to the end of June while Trump made $636m. The SEC declined to comment.
What issued, what settled, what the supervisors changed, with the numbers behind it and a note on what the numbers do not show. One email, Thursday mornings.
Unsubscribe in one click.