By PYMNTS July 17, 2026 As the August 7 Senate recess approaches, a profound sense of urgency has gripped the cryptocurrency industry. The proposed "Clarity Act," a landmark piece of legislation intended to provide a comprehensive federal framework for digital assets, is facing significant headwinds. With only three weeks remaining before lawmakers depart for their…
July 14, 2026 — Washington, D.C. — In a coordinated move that has sent shockwaves through the corridors of federal education policy, a coalition of advocacy groups issued a formal statement today expressing fierce opposition to a newly introduced package of legislative bills (HR 9602–9611). The proposed measures, if enacted, would provide a legislative framework…
Illinois has officially ventured into uncharted and legally perilous waters with the enactment of a new social media tax. Embedded within the state’s latest budget—passed in the early morning hours of June 1—this levy represents one of the most controversial fiscal policies in recent memory. While the concept had been discussed in executive circles for…
WASHINGTON – As the House Financial Services Committee convenes for a high-stakes markup session this Tuesday, June 29, 2026, the legislative agenda has drawn sharp condemnation from a coalition of over 200 labor, consumer, and civil rights organizations. At the heart of the controversy are four specific bills that opponents argue will dismantle critical safeguards…
By PYMNTS | June 25, 2026 As the legislative calendar for the 2026 session narrows, the United States Senate finds itself at a critical impasse regarding the future of cryptocurrency regulation. At the heart of the debate is the CLARITY Act, a sweeping piece of legislation intended to provide a comprehensive regulatory framework for digital…
Illinois has long been a laboratory for ambitious fiscal policy, but the state’s latest foray into digital taxation—a levy on social media platforms—appears to have bypassed the typical laboratory rigors of peer review and legislative scrutiny. Embedded quietly within the state’s massive new budget bill, the tax is being widely criticized not merely as a…
In a significant move aimed at fortifying public trust in the halls of power, a senior House Republican has introduced legislation designed to prohibit members of Congress, their spouses, and their dependent children from wagering on prediction markets linked to government actions, legislative outcomes, or electoral results. The proposed "Stop Lawmakers from Predicting Act" marks…
By PYMNTS | June 18, 2026 In an effort to stem the rising tide of financial crime, Representative Young Kim has officially introduced the "Strengthening Transaction Oversight and Preventing Payments Fraud Act of 2026" (STOP Payments Fraud Act of 2026). The proposed legislation aims to overhaul current regulatory frameworks that critics argue inadvertently tie the…
