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House Committee Advances Bill to Establish Permanent Strategic Bitcoin Reserve

House Committee Advances Bill to Establish Permanent Strategic Bitcoin Reserve

The U.S. House Financial Services Committee has voted 28-21 to advance the American Reserve Modernization Act (ARMA). This bill, introduced by Republican Rep. Nick Begich of Alaska and co-sponsored by Democratic Rep. Jared Golden of Maine, aims to create a permanent strategic Bitcoin reserve for the U.S. government. ARMA proposes to convert the government's current Bitcoin holdings into a long-term reserve, akin to existing emergency oil or gold stockpiles. Key provisions of the bill include locking up existing government Bitcoin for a period of 20 years, prohibiting sales during this time. Additionally, it mandates the Treasury Department to issue publicly audited proof-of-reserve reports on a quarterly basis. The bill also directs the Treasury to devise budget-neutral strategies for acquiring more Bitcoin, ensuring that such acquisitions do not necessitate new taxes. This marks the furthest any Bitcoin-reserve bill has progressed in Congress, with previous attempts like the BITCOIN Act (S.954) and House ...

U.S. Banks Diversify Crypto Holdings, Shifting from Bitcoin to Ethereum and Altcoins

U.S. Banks Diversify Crypto Holdings, Shifting from Bitcoin to Ethereum and Altcoins

U.S. Banks Diversify Crypto Holdings, Shifting from Bitcoin to Ethereum and Altcoins

Bipartisan Senate Leaders Introduce Bill to Bolster Telecom Cybersecurity Following Salt Typhoon Campaign

Bipartisan Senate Leaders Introduce Bill to Bolster Telecom Cybersecurity Following Salt Typhoon Campaign

Senators Mark Warner (D-VA) and Ted Cruz (R-TX) have introduced the Telecommunications Cybersecurity and Resilience Act, a bipartisan bill aimed at enhancing cybersecurity standards within the U.S. telecommunications sector. This legislative effort comes nearly two years after the Salt Typhoon campaign, a significant espionage operation attributed to a Chinese hacking group, was made public. The Salt Typhoon intrusion, described as the worst telecom hack in U.S. history, targeted major telecom carriers and siphoned data from presidential campaigns and candidates. The proposed bill seeks to improve telecom security through voluntary measures developed collaboratively by government and industry stakeholders. It mandates the creation of a telecom cybersecurity working group within the National Telecommunications and Information Administration. This group will include carriers, suppliers, experts, and relevant government agencies, tasked with developing industry-wide best practices within 18 months of the bill...

Senators Propose Voluntary Telecom Security Framework Following Salt Typhoon Hacks

Senators Propose Voluntary Telecom Security Framework Following Salt Typhoon Hacks

Senators Mark Warner (D-Va.) and Ted Cruz (R-Texas) have introduced the Telecommunications Cybersecurity and Resilience Act, a bipartisan bill aimed at developing voluntary cybersecurity practices for telecommunications operators. This legislative effort comes nearly two years after the Salt Typhoon espionage campaign, which compromised U.S. communications networks. The proposed legislation seeks to establish a working group within the Commerce Department’s National Telecommunications and Information Administration. This group, comprising providers, suppliers, cybersecurity experts, and government agencies, would be tasked with developing telecom-specific best practices within 18 months of the bill's enactment. Additionally, the bill would create a voluntary process for independently assessing companies' adoption of these practices. Senator Warner emphasized the vulnerability of critical infrastructure exposed by the Salt Typhoon intrusion, while Senator Cruz highlighted the benefit of voluntary protection...

Take Five: It's Q4 already?

Take Five: It's Q4 already?

Sept 25 (Reuters) - The third quarter draws to a close, and investors have plenty to dig their teeth into. The spotlight in the coming week shines on US payrolls and US and euro zone inflation data, which will likely shape expectations for the path of interest rates on both sides of the Atlantic.

House Approves Water Resources Development Act and Diesel Emissions Reduction Act

House Approves Water Resources Development Act and Diesel Emissions Reduction Act

The U.S. House of Representatives has overwhelmingly approved the Water Resources Development Act (WRDA) of 2026, a bipartisan bill aimed at improving the nation's water resources infrastructure. Passed by a vote of 415 to 9, H.R. 9497 has been sent to the Senate, where its counterpart, S. 4949, awaits a floor vote. WRDA 2026 authorizes 133 new feasibility studies for locally proposed water infrastructure projects and 14 projects ready for construction. It also includes policy changes to improve infrastructure project delivery, such as strengthening alternative project delivery programs and emphasizing non-federal interests' input. Additionally, the House easily approved H.R. 2140, the Diesel Emissions Reduction Act (DERA) of 2025, by a vote of 343 to 79. This bill reauthorizes a program to replace older, heavily polluting diesel engines, authorizing $100 million annually through 2029 for grants and rebates to upgrade diesel-powered trucks, buses, and equipment. Representative Rick Larsen (D-Wash.), rankin...

Senate Republicans signal support for Iran war despite midterm angst

Senate Republicans signal support for Iran war despite midterm angst

The Senate's narrow avoidance of a largely symbolic resolution underscored just how central backlash to the war has become in the midterms.

U.S. Cryptocurrency Ownership Declines as 'Honeymoon Period' Fades, Gallup Survey Reveals

U.S. Cryptocurrency Ownership Declines as 'Honeymoon Period' Fades, Gallup Survey Reveals

U.S. Cryptocurrency Ownership Declines as 'Honeymoon Period' Fades, Gallup Survey Reveals

Coinbase CEO Brian Armstrong Addresses Regulatory Stalling and Stablecoin Rewards

Coinbase CEO Brian Armstrong Addresses Regulatory Stalling and Stablecoin Rewards

Coinbase CEO Brian Armstrong Addresses Regulatory Stalling and Stablecoin Rewards

Trump ramps up noncitizen voting prosecutions ahead of midterms

Trump ramps up noncitizen voting prosecutions ahead of midterms

By Andrew Goudsward and Tom Hals WASHINGTON, Sept 23 (Reuters) - President Donald Trump’s administration is ramping up criminal prosecutions of noncitizens accused of voting in US elections as he presses claims of widespread election fraud ahead of the November midterms.

Argentina Joins Global Crypto Tax Reporting Framework, Committing to Data Sharing by 2029

Argentina Joins Global Crypto Tax Reporting Framework, Committing to Data Sharing by 2029

Argentina Joins Global Crypto Tax Reporting Framework, Committing to Data Sharing by 2029

Representative Joe Courtney Introduces Bill to Safeguard VC-25B Bridge Aircraft from Transfer

Representative Joe Courtney Introduces Bill to Safeguard VC-25B Bridge Aircraft from Transfer

Representative Joe Courtney has introduced H.R. 10360, titled the 'Safeguarding Taxpayer Investment for Executive Airlift Act of 2026.' This bill, received on September 14, 2026, and currently having 18 cosponsors, aims to prevent the Department of Defense from using fiscal year 2027 funds to sell, donate, or otherwise transfer ownership or control of any aircraft in the VC-25B Bridge program to entities outside the Department of the Air Force. The legislation is designed to ensure these specific aircraft remain under Air Force control, thereby preventing their transfer to private individuals or organizations. The bill does not alter how the aircraft are built, operated, or directly funded, beyond restricting the use of FY2027 defense funds for any external transfer. This move underscores a legislative effort to maintain specific military assets within the established defense framework.