Legislation

According to The Block, U.S. crypto advocacy group Stand With Crypto unveiled its first round of Senate endorsements after the digital asset market structure bill was blocked in a procedural vote, aiming to advance crypto asset-related legislation through grassroots mobilization and policy advocacy. The group mobilized millions of voters on crypto issues during the 2024 election cycle, and the new list is seen as an important signal of the crypto industry’s continued push on the legislative front.

Core Summary California Governor Gavin Newsom publicly stated on September 17 that he is seriously considering convening a state legislature special session or issuing an executive order to accelerate the construction of a regulatory framework for artificial intelligence technology. This statement demonstrates the urgency felt by the California state government in addressing the employment impacts, information authenticity issues, and ethical risks brought by the rapid proliferation of generative AI. California may become one of the first US states to establish a systematic AI regulatory system. ...

The US Senate’s cloture vote on September 15 on the CLARITY Act failed to clear the 60-vote threshold needed for passage, marking a significant legislative setback for this key bill that the crypto industry had long awaited. The core obstacles to passage were the ethics controversy over President Trump’s family crypto wealth and the long-standing partisan divide over the regulatory boundary between the SEC and CFTC. The result will directly affect compliance expectations of US-based crypto firms, market structure choices of stablecoin issuers, and the pace at which major global economies borrow from each other’s crypto legislative paths.

CoinDesk reported on September 13 that as the U.S. Senate returned from summer recess, the Crypto Clarity Act still lacks a clear schedule for advancement in the Senate. The bill has already passed the House, but the Senate remains significantly divided over core provisions on digital-asset classification, the allocation of regulatory authority and stablecoin reserve requirements. Several industry observers have described the bill as being in a Schrödinger-style state of simultaneous life and death, stressing that until the Senate majority leader signals that it will be placed on the priority agenda, the bill’s ultimate fate remains highly uncertain.

UK Members of Parliament are about to vote on a bill that would allow terminally ill patients to choose assisted death, with the scope covering England and Wales. This legislative initiative, known as the “End of Life Choice” bill and years in the making, would—if passed—mark a historic step forward for the UK in life-ethics legislation.

Core Summary A landmark US housing bill has officially become law despite President Trump’s attempts to block it. The legislation aims to reduce housing costs and increase supply, representing the most significant housing policy reform in years. The president had wanted voter ID legislation passed before the housing bill, but Congress ultimately prioritized the housing measure. Event Details According to BBC and multiple US media reports, the housing bill gained bipartisan support in Congress before officially taking effect. The bill’s core provisions include: increased federal housing subsidies, streamlined housing construction approval processes, expanded support for first-time homebuyers, and incentives for local governments to relax zoning restrictions to increase housing supply. ...

China has passed a sweeping new ethnic unity law that extends its jurisdiction overseas, requiring all ethnic minorities to ‘integrate’ or face legal consequences. The law has drawn bipartisan condemnation from 14 U.S. lawmakers and strong criticism from international rights groups.

[Flash] Senate Banking Committee Sets Date for Sweeping Crypto Legislation Vote The US Senate Banking Committee has announced it will hold a markup hearing vote on comprehensive crypto market structure legislation. This marks the committee’s second attempt to advance the bill, signaling a critical phase in the development of US crypto regulatory framework. Markets expect the legislation to have significant implications for the cryptocurrency industry once passed. Source: CoinDesk, The Block ...

[Brief] Senate Banking Committee Sets Date for Crypto Legislation Vote The Senate Banking Committee has announced a hearing to amend and vote on sweeping crypto legislation, marking a second attempt to advance the bill. Meanwhile, a stablecoin compromise has revived legislative momentum despite lingering ethics disputes. Sources: TheBlock, CoinDesk

Ukraine considers legislation that would effectively ban foreigners from accessing surrogacy services, potentially ending its role as one of the world’s leading surrogacy destinations