Lydia Beyoud

.@Business reporter @YashRoy87 with the details on where things stand after today's surprise vote cancelation in Senate Ag Committee. Follow him!

In a surprise turn of events, the Senate Ag Committee suddenly removed CFTC Chair nominee Brian Quintenz (+ another nominee) from today's vote roster. The committee needed all GOP members present for their votes & 1 senator's plane was delayed returning to Washington, per staff

News: Polymarket is buying QCX, a CFTC-regulated exchange (just authorized July 9) for $112M. The purchase will allow the crypto betting platform to legally re-enter the US market. W/ @sridinats & @nicola_m_white bloomberg.com/news/articles/…

Brian Quintenz is getting a Senate Ag Committee vote Monday afternoon to lead the CFTC agriculture.senate.gov/hearings/busin…

Rekindling an old debate, the chairman of the SEC, Paul Atkins, just said he thinks the SEC & CFTC should be combined—but that it’s not a “primary” job right now. The agencies must be in sync, he said in an interview this am on Fox Biz.

The head of auditing watchdog PCAOB, formed in the wake of the Enron scandal, has been asked to resign by Paul Atkins, the head of the SEC, @Aiacone reports. Williams will step down later this month, per the report, citing an email sent to staff. bgov.com/news/SZGJXIGQ7…

The resolutions may make it easier for crypto-based Polymarket to legally re-enter the US market, potentially through a CFTC application, or an acquisition More to come for crypto as the House is poised to pass stablecoin legislation & move mkt structure bill this wk

DOJ & CFTC have formally closed their investigations into Polymarket. Scoop w @sridinats on @TheTerminal bloomberg.com/news/articles/…

.@predictit and the CFTC have reached a new agreement to allow the politics-focused exchange to expand trading after a years-long legal fight, the company says. More on @TheTerminal

The latest edition of Bloomberg's Banking Industry Monitor is in inboxes now (if you haven't yet, sign up here: bloomberg.com/account/newsle…). Check out today's edition for a sneak peek at the global industry’s latest winners, losers, trends & more: bloomberg.com/news/newslette…

If approved by the House, GENIUS would go to the White House for signature while CLARITY would head to the Senate, which is also working on its version of crypto market structure. Senate Banking Chair @SenatorTimScott said y'day he wants to get their bill out of cmte by 9/30.

New: The House is planning a single vote to move forward on the Senate's GENIUS Act stablecoin bill AND the House's CLARITY Act crypto mkt structure bill, as soon as the week of July 7. Story by @yashroy87, @StevenTDennis & me: bloomberg.com/news/articles/…

Senate Banking Chair @SenatorTimScott says he wants the crypto market structure bill done before end of September.

The CFTC was on board with reducing its real estate footprint, saving taxpayers millions of dollars. But now it's found itself stymied by construction delays and conflicting mandates from the White House. w/ @ElleBeyoud and @natalexisw bloomberg.com/news/articles/…

Bloomberg just launched its weekly Banking Industry Monitor newsletter. Stay on top of the global banking industry with emerging trends, winnders and losers, and major news from Bloomberg's reporters and editors around the world. First edition: bloomberg.com/news/newslette…

Brian Quintenz’s nomination hearing to lead the CFTC will be held next Tuesday 6/10, at 3pm, @SenateAg Committee announces. agriculture.senate.gov/hearings/nomin…

Looks bad but initial reports are that everyone made it out okay. No word of serious injuries. Park Police and ACFD handled.

Very serious car crash, black truck, silver sedan on GW Pkwy at Gravelly Point by DCA…with large fire, now extinguished by first responders. Bad traffic.