The Senate Agriculture Committee canceled a Monday vote to advance Brian Quintenz’s nomination to serve as CFTC Chair. According to reporting from Politico, there had been "optimism" that Quintenz could garner Democratic support leading into the vote, but a person familiar with the matter stated that all Republicans will now be needed to push his nomination through to the full chamber and they were "just not able to get everybody in the room." The Committee did advance the nominations of Dudley Hoskins to serve as Under Secretary of Agriculture for Marketing and Regulatory Programs and Scott Hutchins to serve as Under Secretary of Agriculture for Research, Education, and Economics.

The House Appropriations Committee Financial Services and General Government Subcommittee marked up and advanced its FY 2026 spending bill, which would cut the SEC’s budget by 7% over current levels and aims to prevent the establishment of a CBDC. The bill, which was approved by a vote of 9-6, proposes $23.3 billion for the Treasury Department, Judiciary, IRS, and other agencies, as well as federal support for Washington, DC. The bill would provide about $2 billion to the SEC, $153 million less than in FY 2025 and less than the flat funding the SEC called for in FY 2026.

Senate Banking Committee Republicans, led by Chair Tim Scott (R-SC) and Sens. Cynthia Lummis (R-WY), Bill Hagerty (R-TN), and Bernie Moreno (R-OH), released an initial discussion draft of their competing digital asset market structure legislation, which comes on the heels of the House-passed CLARITY Act. The discussion draft takes steps to define ancillary assets, create disclosure requirements, modernize securities regulations, prevent illicit finance, promote responsible banking innovation, and more. Along with the draft, the lawmakers are issuing a Request for Information (RFI) for stakeholders to submit feedback on the draft and on a wide range of questions surrounding regulatory clarity and tailoring, investor protection, and custody, among other topics.

UK Chancellor of the Exchequer Rachel Reeves is reportedly considering selling £5 billion worth of seized BTC to help address the country’s budget deficit. The BTC was seized in 2018 after hospitality worker Jian Wen attempted to launder funds from an investment scheme by trying to by a mansion with BTC.

White House Press Secretary Karoline Leavitt said the Trump Administration is exploring a de minimis tax exemption for crypto to make crypto payments easier and more efficient. She also noted that President Trump opposes a CBDC.

Acting CFTC Chair Caroline Pham released a statement praising House passage of digital asset legislation, calling Crypto Week “the beginning of America’s golden age of digital asset innovation.” She added that "The future is bright." Treasury Secretary Scott Bessent also issued a statement in support of the GENIUS Act, asserting that "The signing of this bill marks a seminal moment for digital assets and dollar supremacy." In addition, SEC Commissioner Hester Peirce released a statement highlighting the milestone of signing the GENIUS Act into law.

Rep. Nancy Mace (R-SC) introduced H.R. 4374 to require agencies to update underwriting guidelines so that lenders consider a borrower’s crypto exchange brokerage account balances when evaluating mortgage applications.

Rep. Sean Casten (D-IL) introduced the Compliant Operations of Decentralized Entities (CODE) Act of 2025 (H.R. 4394) to combat illicit activity and address cybersecurity concerns associated with DeFi by establishing a public-private partnership program to explore ways to incorporate anti-money laundering compliance into smart contracts and develop related policy recommendations. Specifically, the CODE Act creates a partnership with the Treasury Department, key federal agencies, DeFi services, and risk management experts to explore integrating AML, sanctions, KYC, and cybersecurity checks into the computer code that underpins DeFi services.

The House passed the Consumer Safety Technology Act (H.R. 1770), which directs the FTC and Commerce to study how blockchain can enhance consumer protection, and requires the FTC to report to Congress with recommendations for addressing fraud in the token marketplace. Reps. Darren Soto (D-FL), Kathy Castor (D-FL), and Lori Trahan (D-MA) introduced the bill in March.