$100 Million in Lobbying as U.S. Crypto Regulation Hangs in the Balance
Over $100 million has been spent lobbying on three key bills shaping U.S. crypto policy: a Senate-passed stablecoin framework (GENIUS), a proposed market-structure bill, and the SEC’s threat to act unilaterally if Congress stalls. Industry voices are split on whether to push both bills together or focus on the stablecoin bill first. Meanwhile, California fined Bitcoin ATM operator Coinme $300,000 for compliance lapses, and federal housing regulators have urged Fannie Mae and Freddie Mac to consider digital assets in mortgage underwriting—potentially transforming wealth assessments for homebuyers.