Crypto PAC to Oppose Al Green in Texas Democratic Primary

The pro-crypto political action committee (PAC) Protect Progress will reportedly spend $1.5 million opposing Texas representative Al Green in the upcoming Democratic Party primary over his past opposition to crypto. “As a member of the Financial Services Committee, Representative Al Green has decided to try and stop American innovation in its tracks,” Protect Progress, an affiliate of the major crypto PAC Fairshake, told The Hill on Thursday. Green, a Democrat who has represented Texas’s 9th congressional district in the House since 2005, opposed the stablecoin regulating GENIUS Act and the…

CFTC Adds Crypto Execs to Innovation Advisory Committee

The Commodity Futures Trading Commission has added a slew of crypto executives, including those from Coinbase and Ripple, to its Innovation Advisory Committee, who will shape how the regulator crafts policy. CFTC chair Mike Selig said on Thursday that the 35 members of the committee will “ensure the CFTC’s decisions reflect market realities” and enable it to “develop clear rules of the road for the Golden Age of American Financial Markets.” The committee launched in January, and replacing the Technology Advisory Committee, which drew on the advice of tech leaders…