Abstract: U.S. Navy Admiral Samuel Paparo told a Senate Armed Services Committee hearing that Bitcoin's proof-of-work is a valuable computer science tool with important cybersecurity applications, capable of increasing the cost of cyberattacks and protecting data and command signals, thereby supporting national security. The piece notes echoes of Jason Lowery's 2023 warnings about Bitcoin's security implications. Summary: Admiral Paparo told Congress that Bitcoin's proof-of-work enhances cybersecurity and national security by deterring attacks and protecting data, a view aligned with Jason Lowery's 2023 remarks.

Gate News message, April 22 — The U.S. Senate's Digital Asset Market Clarity Act, which has been delayed for several months, may enter Senate committee review as early as May, according to CoinDesk. Sources indicate that the originally planned April advancement is now unlikely; however, if the Senat

Gate News message, April 21 — Admiral Samuel Paparo, commander of U.S. Indo-Pacific Command, testified before the Senate that Bitcoin demonstrates significant potential as a computer science tool and holds value as an instrument of power projection. Paparo stated that Bitcoin is a tangible reality w

The U.S. Senate Banking Committee is unlikely to address a crypto market structure bill in April due to disagreements over stablecoin rewards. With a delay until May, the future of digital asset legislation remains uncertain, impacting the establishment of regulatory frameworks.

The U.S. Senate Banking Committee will hold a confirmation hearing for Federal Reserve chair nominee Kevin Warsh on April 21. Political uncertainty surrounds his nomination due to Senator Tom Tillis's opposition. Key macroeconomic data releases are also expected this week.

Tennessee's Strategic Bitcoin Reserve Bill is advancing to a Senate Finance Committee hearing on April 20, moving closer to potential enactment into law.

The Sentinel Action Fund, supported by the Solana Foundation, will invest $8 million to aid Republican Senator Jon Husted in the Ohio Senate race against Sherrod Brown, who opposes crypto. Husted is known for advocating pro-crypto legislation.

A White House report argues against banning stablecoin yields, highlighting minimal benefits for bank lending and reduced consumer earnings. Key officials support the CLARITY Act, but the Senate Banking Committee's timeline remains uncertain, affecting the bill's chances before summer recess.

Senate Banking Committee Chair Tim Scott has delayed advancing the CLARITY Act due to unresolved issues, including stablecoin disputes and DeFi provisions. With a critical May deadline approaching, the bill's future remains uncertain amid political challenges.

Kevin Warsh, nominated for Federal Reserve Chair, reported investments in over 20 digital asset companies. His portfolio includes DeFi platforms, blockchain networks, and Web3 projects. The Senate Banking Committee may advance his nomination, raising potential conflict of interest concerns.