Digital Assets

Senator Tim Scott, the chief of the banking committee, is backing a bill to stop U.S. regulators from citing “reputational risk” as a reason to block clients.

Five states’ crypto efforts faltered as Texas advances and Utah nears a final vote, leaving the state-level push for digital asset reserves with mixed results.

In a hearing with the loaded title “A Golden Age of Digital Assets,” the sector was — for the first time — mostly treated as a welcome arrival to U.S. finance.

The new Treasury Department chief didn’t bring up crypto policy at his nomination hearing, but he’ll have enormous reach into topics vital to the industry.