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Below is this week’s congressional update by BakerHostetler’s Federal Policy team. We’ll continue to post in weeks when both chambers of Congress are in session.

HEADLINES

  • Congressional negotiations on funding legislation have stalled, with the first of two deadlines to keep government agencies open approaching Friday.
  • President Joe Biden has summoned congressional leaders to the

Congressional leaders finalized the 2024 legislative calendar, and once again we’re pleased to share with you the 2024 BakerHostetler Congressional Calendar. Click here to download your ready-to-print, one-page combination House and Senate calendar for 2024. Suitable for hanging on your wall all year long!

The Federal Policy team’s Kevin Edgar co-authored an analysis of the U.S. Treasury’s recent report on how bad actors are increasingly exploiting decentralized finance services for criminal activities. Kevin and members of BakerHostetler’s Digital Assets and Data Management Group explain Treasury’s key findings – and why DeFi users should be careful.
Read the full alert.

According to the SEC’s complaint, Kraken offered and sold its staking[1] services to the general public in which participants could transfer crypto assets to Kraken in exchange for “advertised annual investment returns of as much as 21%” (the Kraken Staking Program). The SEC alleges that this Kraken Staking Program enabled Kraken to achieve a competitive

Two congressional committees of the U.S. House of Representatives commenced the new year by announcing the creation of new subcommittees for the 118th Congress that are expected to analyze issues concerning cryptocurrency and digital assets. The creation of these subcommittees signals the potential for legislative action in the wake of jurisdictional uncertainty regarding federal agency

Congressional leaders finalized the 2023 legislative calendar, and once again we’re pleased to share with you the 2023 BakerHostetler Congressional Calendar. Click here to download your ready-to-print, one-page combination House and Senate calendar for 2023. Suitable for hanging on your wall all year long!