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The Week In Crypto Policy: NDAA Amendments, Senate Approps Hearing
Key Insights
- The House is considering two blockchain amendments to the NDAA, including one already approved by voice vote that would establish a working group focused on blockchain and smart contracts within the DoD.
- Votes on further amendments and final passage are expected later today.
- At a Senate Appropriations hearing, Senator Bill Hagerty (R-TN) urged SEC Chair Gensler to provide regulatory clarity and approve spot Ether ETPs, Senator Chris Van Hollen (D-MD) keyed in on illicit finance concerns, and Senator Dick Durbin (D-IL) expressed skepticism about giving the CFTC oversight authority over the crypto market.
- Former President Trump met with Bitcoin miners at Mar-a-Lago and said he wants all Bitcoin to be made in the USA.
- President Biden's campaign is considering accepting crypto donations.
NDAA Amendments
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George Leonardo is the founder of Cap Hill Crypto, a solo-entrepreneur venture focused on providing nonpartisan insights and analysis on U.S. federal crypto policy. Previously, he worked on Capitol Hill for Senator John Cornyn and as a litigation associate at Milbank LLP.