Lawmakers Financial News

19.05 / 13:07

JPMorgan Citigroup Chase lawmakers hearing Fed Nominee Michael Barr to Face Senate Lawmakers in Crucial Hearing

WASHINGTON—President Biden’s pick to become the government’s most influential bank regulator faces a key confirmation hurdle when he testifies Thursday before the Senate Banking Committee.

19.05 / 09:39

UPS BlackRock lawmakers Power BlackRock, Vanguard could see voting power curbed as lawmakers line up new rules

A group of Republican senators is looking to curtail the power big asset managers like BlackRock and Vanguard have over public companies.

21.04 / 23:31

Government Environment proof-of-work lawmakers US lawmakers US lawmakers sound alarm to EPA over environment concerns of crypto mining

United States House of Representatives member Jared Huffman and 12 other lawmakers have requested the Environmental Protection Agency, or EPA, assess crypto mining firms potentially violating environmental statutes.

19.04 / 12:19

regulation SEC crypto sector lawmakers SEC Faces Storm of Criticism from Crypto Sector, Lawmakers over ‘Exchange’ Re-definition Plans

The United States Securities Exchange Commission (SEC) and its Chairman Gary Gensler have received a slew of letters from pressure groups and parliamentarians voicing their concerns about proposed amendments to the Exchange Act, established in the 1930s. The agency plans to expand the legal definition of what an exchange is.

11.04 / 10:25

Target lawmakers Lawmakers target stablecoins for tighter regulation

WASHINGTON — As Washington attempts to get its arms around the rapidly growing cryptocurrency industry, policy makers in the Biden administration and on Capitol Hill have identified stablecoins as an initial target for tighter regulation.

05.04 / 20:51

Government Law Bitcoin lawmakers US lawmakers US lawmakers introduce companion bill to 'mitigate risks' from El Salvador’s Bitcoin Law

Two members of the House of Representatives have introduced legislation aimed at mitigating the risks to the United States financial system due to El Salvador adopting Bitcoin as legal currency.

02.04 / 01:55

European Parliament European Commission lawmakers crypto transfers EU lawmakers set to tighten up on crypto transfers

Two committees in the European Parliament have thrashed out cross-party compromises to be voted on. Crypto exchange Coinbase Global Inc has warned the rules would usher in a surveillance regime that stifles innovation. The $2.1 trillion crypto sector is still subject to patchy regulation across the world. Concerns that bitcoin and its peers could upset financial stability and be used for crime have accelerated work by policymakers to bring the sector to heel.

01.04 / 17:31

Digital Fighting coinbase lawmakers EU lawmakers back tougher crypto AML rules

The rules would also cover transactions from so-called unhosted wallets - wallet addresses that are in the custody of private users. However, they would not apply to P2P transfers conducted without a provider.The requirements are designed to bring crypto in line with AML requirements for normal payments of over EUR1000.

31.03 / 17:37

cryptocurrency European Union Bitcoin lawmakers crypto transfers EU lawmakers target crypto transfers in battle against money laundering

European Union lawmakers vote on Thursday on tougher safeguards for transfers of bitcoin and other cryptocurrencies, in the latest sign that regulators around the world are tightening up on the booming sector.

31.03 / 12:29

Digital Patrick lawmakers US lawmakers Meet the ‘crypto caucus’: The US lawmakers defending digital coins

After months of tortuous negotiations, Joe Biden’s bipartisan infrastructure bill was about to pass Congress last summer when Patrick McHenry became alarmed about one particular element. Along with colleagues in the Senate, the Republican member of Congress from North Carolina realised that a clause had been quietly inserted into the 2,700-page bill, which forced brokers of cryptocurrency to report their transactions and customer information to the tax authorities.

25.03 / 20:11

Government regulation Taxes lawmakers Framework Crypto tax policy framework passes India's parliament despite pushback from lawmakers

A tax framework on cryptocurrencies introduced by India’s Finance Minister Nirmala Sitharaman will become law in the country after being passed as an amendment to the Finance Bill.

24.03 / 11:25

lawmakers Biden to Sanction Hundreds of Russian Lawmakers, U.S. Officials Say

WASHINGTON—The Biden administration is preparing sanctions on most members of Russia’s State Duma, the lower house of parliament, as part of an effort to punish Moscow over its invasion of Ukraine.

19.03 / 13:21

Digital Platform lawmakers How lawmakers plan to punish crypto platforms that do business with sanctioned firms and individuals

Cyberattack ransoms and cryptocurrency mining are unlikely to generate enough revenue to replace regular business activity in sanctioned nations, digital money experts and former law-enforcement officials told a US Senate hearing Thursday.

18.03 / 10:57

Digital Platform lawmakers How lawmakers plan to punish crypto platforms that do business with sanctioned firms and individuals

18.03 / 00:47

Government Law lawmakers US lawmakers US lawmakers introduce bills that could force crypto exchanges to cut ties with Russian wallets

Representative Brad Sherman will be introducing a bill in the House aimed at cracking down on U.S. businesses handling crypto transactions for Russian banks and individuals.

17.03 / 23:05

Government Law Cybersecurity lawmakers National US lawmakers US lawmakers discuss crypto’s role in sanctions, national security, and humanitarian aid

Industry experts and lawmakers who spoke at a hearing of the United States Senate Committee on Banking, Housing, and Urban Affairs clashed on how the country should handle digital assets used for illicit purposes.

10.03 / 23:09

Government regulation lawmakers Republican lawmakers introduce bill targeting China's CBDC on sanctions, privacy

Nine Republican senators have backed legislation aimed at directing policy at U.S. government agencies around concerns China’s digital yuan may be used to circumvent sanctions and compromise users' personal information.

09.03 / 16:33

lawmakers House Lawmakers Include $13.6 Billion for Ukraine in Omnibus Spending Bill

WASHINGTON—Congressional leaders released a sweeping bill to fund the federal government for the 2022 fiscal year and send further military and humanitarian assistance to Ukraine, as well as appropriate money for the continuing pandemic response.

05.03 / 16:35

Report Congress Research lawmakers US lawmakers Crypto industry seeks to educate, influence US lawmakers as it faces increasing regulation

Interaction between the cryptocurrency industry and Capitol Hill is becoming ever more intensive as efforts to regulate crypto grow in tandem with its popularity. The surge in crypto industry lobbying last year was given some concrete parameters in February by crypto analytics startup Crypto Head. It released a report showing that the crypto companies that spent the most money on lobbying in 2021 were Robinhood, Ripple Labs, Coinbase and the Blockchain Association. These organizations were the lobbying leaders during the past five years as well, although with different rankings.

03.03 / 17:03

Action lawmakers Fed’s Powell Set to Discuss Rate-Rise Plans With Senate Lawmakers

WASHINGTON—Federal Reserve Chairman Jerome Powell is set to return to Capitol Hill on Thursday morning for the second of two days of testimony, this time before the Senate Banking Committee.

02.03 / 21:17

Government Mark Warner lawmakers US lawmakers US lawmakers and Fed chair push for crypto regulation in wake of Russia sanctions

Federal Reserve Chair Pro Tempore Jerome Powell and some members of the U.S. House of Representatives called for congressional action on crypto in response to discussions about Russia potentially evading sanctions.

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