Congress Financial News

09.12 / 06:55

business regulation Congress Senate Fried Sam Sam Bankman-Fried misses deadline to respond to testimony request, now what?

Crypto’s public enemy number one, Sam Bankman-Fried has missed a crucial deadline to confirm his appearance at an upcoming Senate Committee hearing.

09.12 / 00:57

regulation Energy Congress lawmakers US lawmakers Crypto miners US lawmakers introduce bill aimed at reporting on crypto miners' potential environmental impact

Three United States lawmakers have introduced legislation that would direct the Environmental Protection Agency, or EPA, to report on the energy usage and environmental impact of crypto miners.

08.12 / 21:39

Law regulation Banks Congress lawmakers US lawmakers US lawmakers question federal regulators on banks' ties to crypto firms

Two members of the United States Senate have called on the heads of federal financial regulators to address “ties between the banking industry and cryptocurrency firms” in the wake of FTX’s collapse.

08.12 / 00:23

regulation SEC Congress reserves Crypto consumer protection, proof of reserves bills introduced into US Congress

United States Congressman Ritchie Torres has introduced bills in the House of Representatives to prohibit misuse of customer funds by cryptocurrency exchanges and to require exchanges disclose proof of reserves to the Securities and Exchange Commission (SEC). The short bills are intended to supplement other legislation that is passed on cryptocurrency, Torres said.

07.12 / 07:17

Law Congress Rep. Cawthorn fined for ethics breach over Let’s Go Brandon token promo

The outgoing United States House Representative Madison Cawthorn has been fined over $15,000 by the House Committee on Ethics for his promotion of a cryptocurrency in which he had an undisclosed investment.

06.12 / 01:49

regulation FTX Congress us house committee US House committee chair pushes back against SBF's excuse to potentially delay testimony

Maxine Waters, chair of the United States House Financial Services Committee, has called out former FTX CEO Sam Bankman-Fried for announcing on social media he intended to testify after “learning and reviewing what happened” at the exchange.

05.12 / 14:05

regulation Congress community hearing Crypto community baffled by SBF dictating terms over congressional hearing

Sam Bankman-Fried, the former CEO of now-bankrupt cryptocurrency exchange FTX has declined to testify before the United States Congress until he’s “finished learning and reviewing what happened.”

05.12 / 05:51

business regulation Congress Despite endless media appearances, SBF unlikely to testify on 13th

Former CEO of FTX, Sam Bankman-Fried, has signaled he's unwilling to testify before the United States Congress until he’s “finished learning and reviewing what happened.”

03.12 / 00:05

regulation FTX Congress Dems and Reps join forces to pressure SBF to testify before Congress

The leadership with the United States House Financial Services Committee have separately called on former FTX CEO Sam Bankman-Fried to appear in an investigative hearing scheduled for Dec. 13.

01.12 / 23:05

Law Congress We could use crypto regulation — but let's start with basic definitions

As a crypto CEO, I know how often our sector is misunderstood and criticized. Sometimes, the criticism is deserved because we have not always done our part to shine a light on the utility and use cases powering positive change. But other times, it’s based on the assumption that all players in this industry are the same, which is just not true.

01.12 / 20:59

CFTC regulation Congress Rostin Behnam points to CFTC-regulated LedgerX as success story amid FTX collapse

Commodity Futures Trading Commission, or CFTC, chair Rostin Behnam has cited LedgerX, the crypto derivatives and clearing platform based in the United States which was not part of FTX Group’s Chapter 11 filing, as an example of how regulating crypto firms could benefit U.S. consumers.

30.11 / 00:51

regulation FTX Congress lawmaker US lawmaker questions major crypto exchanges on consumer protection amid FTX collapse

Ron Wyden, chair for the United States Senate Finance Committee, has requested information from six crypto firms on consumer protection following FTX’s liquidity issues and bankruptcy.

28.11 / 23:55

regulation FTX Congress hearing us house committee US House committee sets Dec. 13 date for FTX hearing

The United States House Financial Services Committee has announced it will be holding a hearing to investigate the events around the collapse of crypto exchange FTX.

26.11 / 10:41

Adoption SEC Congress Sec Chair SEC chair's crypto oversight strategy in question as ecosystems collapse

While regulations are often aimed at protecting citizens from bad actors, the effectiveness of crypto regulations in the United States is in question owing to the colossal fall of major exchanges and ecosystems over the past year — FTX, Celsius, Voyager, and Terra (LUNA).

23.11 / 22:53

markets Grayscale Congress Genesis Trading Bitcoin Here's why $16.5K is critical for November's $1.14B Bitcoin options expiry

Bitcoin (BTC) faced a 7.3% drop between Nov. 20-21 as it tested the $15,500 support. While the correction seems small, the movement has caused $230 million in liquidations in futures contracts. Consequently, bulls using leverage came out ill-prepared for the $1.14 billion monthly options expiry on Nov. 25.

23.11 / 12:25

Adoption Congress New York AG pushes prohibition of crypto purchases via retirement funds

The turmoil surrounding crypto exchange FTX and Sam Bankman-Fried (SBF) reaffirmed regulators’ belief about the need for stricter oversight across the crypto ecosystem. Seeking investor protection against a similar fallout, New York Attorney General (NYAG) Letitia James recommended prohibiting crypto investments in defined contribution plans and individual retirement accounts (IRAs).

22.11 / 09:11

business Adoption Congress Bitcoin Senators US senators urge Fidelity to reconsider its Bitcoin offerings after FTX blow-up

United States senators Elizabeth Warren, Tina Smith, and Richard Durbin have renewed their calls for Fidelity Investments to reconsider offering a Bitcoin (BTC)-linked 401(k) retirement product.

19.11 / 06:45

business FTX Congress information FTX leadership pressed for information by US subcommittee chairman

The former and current CEOs of the bankrupt FTX cryptocurrency exchange have been pressed by the chair of a United States House subcommittee calling for documents relating to the exchange's finances.

18.11 / 00:51

Adoption CFTC SEC Congress The CFTC could prevent the next FTX with some congressional help

FTX declared bankruptcy this month with $900 million in assets against $9 billion in liabilities. Its founder and former CEO, Sam Bankman-Fried, is being questioned by police in the Bahamas, and many customers are unable to withdraw their deposits. Its holdings of Serum’s SRM, a token Bankman-Fried developed, dropped from a value of more than $2 billion to less than $100 million. Things got worse over the weekend after FTX was apparently hacked, leading to the loss of an additional several hundred million. Some commentators are already calling it cryptocurrency’s “Lehman moment,” referring to the 2008 collapse of Lehman Brothers that signaled we were in a financial crisis.

18.11 / 00:51

regulation Congress legislation Fried US Sen. Warren and Durbin demand answers from Bankman-Fried and his successor at FTX

United States Sens. Elizabeth Warren and Richard Durbin wrote to the former and current CEOs of FTX, Sam Bankman-Fried and John Jay Ray III, respectively, on Nov. 16 to ask for more information on the collapse of the cryptocurrency exchange. They made 13 requests for documents, lists and answers.

16.11 / 21:29

regulation FTX Congress Fried Sam Financial Crypto skeptic Brad Sherman: federal financial regulators 'sound like Sam Bankman-Fried'

California Representative Brad Sherman, who repeatedly called for a ban on U.S. residents buying crypto, accused leaders at several financial agencies of parroting former FTX CEO Sam Bankman-Fried’s ideas on regulating digital assets.

what you should know about Congress

What is Congress and why is it gaining attention?

Congress is a trending topic that interests a wide audience. On our site, we regularly publish news related to this subject.

Where can I find the latest updates on Congress?

All new posts about Congress can be found in the highlighted block. We publish information as it becomes available.

How can I verify the accuracy of information on Congress?

We consult with professionals to ensure that the information about Congress is reliable and helpful for our readers.