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Congress · 117th Congress

Bipartisan crypto bill outlines regulatory, tax framework

The drop in value of some cryptocurrencies in May, including the algorithmic stablecoin Terra, which lost its $1 peg, was followed by dips in other cryptocurrencies including bitcoin and Tether.

Policy · 117th Congress

Critics see risk in ‘algorithmic’ stablecoins

If the price of the stablecoin rises above $1 based on investor demand, a Luna holder can swap $1 worth of Luna for that coin, making a profit from the higher price.

Congress · 117th Congress

Biden meets robot dog, pitches innovation agenda

“The United States of America used to be ranked No. 1 in the world in investing in the future. Now we’re ranked No. 9, No. 9 in research and development,” he said.

Congress · 117th Congress

Spending deal undercuts Biden’s UN climate pledge

“Instead what has happened is that we’ve dropped all the way down to $1 billion,” he said. “We’re still trying to figure out what went on.”

Congress · 117th Congress

Some Democrats hope climate consensus can save budget bill

Pramila Jayapal, D-Wash., suggested the Senate should act in time for President Joe Biden’s March 1 State of the Union address, a timeline she said was not the result of any naivete or idealism on her