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U.S. Senate Banking Committee Sets Hearing on Crypto Legislation Next Week
The congressional committee that was a roadblock in the previous session has scheduled a Feb. 26 hearing on "bipartisan legislative frameworks" for crypto.
Updated Feb 21, 2025, 6:01 p.m. Published Feb 21, 2025, 4:37 p.m.
What to know:
The U.S. Senate Banking Committee has scheduled a hearing to discuss bipartisan digital assets legislation next week, the panel announced.
This Senate committee was the one that became a bottleneck in the previous congressional session, but it's now run by Senator Tim Scott, a South Carolina Republican who supports crypto.
The hearing will feature testimony from witnesses including lawyers from Kraken and Lightspark.
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What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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