House and Senate committees held hearings to examine funding sources for terrorists, including discussion of crypto’s role and related legislative proposals.

The House elected Rep. Mike Johnson as Speaker, paving the way for legislative business to resume on the floor.

Senators Thom Tillis (R-NC) and John Hickenlooper (D-CO) introduced a bill that would require crypto exchanges to have independent accountants verify their proof of reserves and prohibit the commingling of funds.

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