Chair of the US SEC, Paul Atkins, discussed the possibility of seizing Venezuela’s reported $60 billion Bitcoin holdings after the US unseated its president. Analysts have not confirmed the amount, but Venezuela had previously launched an oil-backed digital currency in 2018.

The US Senate Banking Committee will hold a markup on the Digital Asset Market Clarity Act, or CLARITY. The bill, passed by the House in July, has been under review in the Senate. Concerns have been raised about provisions dealing with stablecoin rewards and calls for stronger ethics guardrails.

The bill may face delays due to campaigning for the 2026 midterm elections and a potential government shutdown. Lawmakers are seeking to give the Commodity Futures Trading Commission more authority to regulate digital assets. Stay informed with Cointelegraph for the latest updates on crypto legislation.

Read more at Cointelegraph: ‘Remains to be seen‘ Whether US will Seize Venezuela‘s Bitcoin