Comprehensive crypto bill, Kenyan president's visit grab spotlight on Capitol Hill

House lawmakers will tackle a bipartisan measure aimed at establishing comprehensive regulatory structures for the cryptocurrency industry Wednesday. Votes on consideration of the bill, known as the Financial Innovation and Technology for the 21st Century Act, are slated to begin at about 2 p.m. The final margin could offer a barometer of sorts for the industry’s current Capitol Hill support. Another one to watch: The House Foreign Affairs Committee will mark up legislation expanding congressional oversight of any changes to weapons sales to Israel, which comes as the Biden administration held back on a delivery of heavy bombs. Secretary of State Antony Blinken testifies before an Appropriations subcommittee at 10 a.m. And: Kenyan President William Ruto will be on Capitol Hill on Wednesday afternoon, meeting separately with Speaker Mike Johnson and Senate leaders. Over in the Senate, lawmakers will spend the day moving through several judicial nominees, as well as the nomination of Melissa Dalton to be undersecretary of the Air Force. Senate Judiciary Chair Dick Durbin (D-Ill.) holds an event at noon to mark the confirmation of President Joe Biden’s 200th judge since taking office.

May 26, 2024 - 11:12
Comprehensive crypto bill, Kenyan president's visit grab spotlight on Capitol Hill

House lawmakers will tackle a bipartisan measure aimed at establishing comprehensive regulatory structures for the cryptocurrency industry Wednesday.

Votes on consideration of the bill, known as the Financial Innovation and Technology for the 21st Century Act, are slated to begin at about 2 p.m. The final margin could offer a barometer of sorts for the industry’s current Capitol Hill support.

Another one to watch: The House Foreign Affairs Committee will mark up legislation expanding congressional oversight of any changes to weapons sales to Israel, which comes as the Biden administration held back on a delivery of heavy bombs.

Secretary of State Antony Blinken testifies before an Appropriations subcommittee at 10 a.m.

And: Kenyan President William Ruto will be on Capitol Hill on Wednesday afternoon, meeting separately with Speaker Mike Johnson and Senate leaders.

Over in the Senate, lawmakers will spend the day moving through several judicial nominees, as well as the nomination of Melissa Dalton to be undersecretary of the Air Force. Senate Judiciary Chair Dick Durbin (D-Ill.) holds an event at noon to mark the confirmation of President Joe Biden’s 200th judge since taking office.