Senate Financial News

08.06 / 18:33

markets Binance DEX SEC coinbase Senate Bitcoin Bitcoin rebound falters amid SEC crackdown on exchanges, raising chance of a BTC price capitulation

Bitcoin’s price lost steam after a failed retest of the $27,400 resistance on June 6, signaling that investors became less confident after the recent regulatory actions by the United States Securities and Exchange Commission (SEC) against Binance and Coinbase. Both exchanges are being sued on multiple counts, including failure to register as licensed brokers and offering unregistered securities.

07.06 / 05:39

business Government Adoption Senate Senators Meta’s Zuckerberg grilled by senators over ‘leak’ of LLaMA AI model

Two United States senators have questioned Meta chief executive Mark Zuckerberg over the tech giant’s “leaked” artificial intelligence model LLaMA which they claim is potentially “dangerous” and could be used for “criminal tasks.”

06.06 / 20:32

Law regulation Banks Congress Senate Warren’s alleged work with short-seller shows anti-crypto army heating up

What do progressive Democrats, Republican national security hawks and Wall Street traders have in common? They are all apparently enlisting in United States Senator Elizabeth Warren’s “anti-crypto army.” The progressive senator’s reported alliance with Marc Cohodes, a Wall Street short-seller who profited from the recent carnage at crypto banks, is the latest example.

19.05 / 08:39

business regulation Senate Reserve Texas proof-of-reserve bill passes through the Senate

The legislation that could oblige exchanges to maintain reserves “in an amount sufficient to fulfill all obligations to customers” made it one step closer to reality in the state of Texas. The bill passed through a Senate vote and now awaits only the state governor's signature.

29.04 / 03:31

regulation us government Congress Senate bills Congressman McHenry announces joint hearings to address market structure around digital assets

Patrick McHenry, the Chairman of the House Financial Services Committee, has announced a series of joint hearings in May that will focus on addressing the market structure around digital assets in the U.S.

26.04 / 21:35

Government Law privacy us government Congress Senate 2024 Elizabeth Warren wants the police at your door in 2024

In 2022, Massachusetts Senator Elizabeth Warren authored a bill that would require cryptocurrency wallet providers to comply with bank Anti-Money Laundering rules. No crypto exchanges, mind you, but the wallets themselves. Kansas Senator Roger Marshall joined her on the proposal as a co-sponsor.

12.04 / 00:41

business regulation Banks Congress Senate community Silicon Valley Circle and BlockFi questioned on banking with SVB by Warren and AOC

Executives at the stablecoin issuer Circle and the bankrupt cryptocurrency lender BlockFi have been questioned by two members of Congress investigating the so-called “mutual backscratching arrangements” alleged to have taken place with the now-failed Silicon Valley Bank (SVB).

09.04 / 06:47

Law regulation Gold Senate bills lawmakers Backed Texas lawmakers propose a gold-backed state digital currency

Two Texas lawmakers have introduced identical bills for creating a state-based digital currency backed by gold, a move that comes despite objections from several United States lawmakers against introducing a central bank digital currency (CBDC).

31.03 / 02:15

business regulation coinbase Survey Senate Terra Luna Elections NOT Polls suggest Elizabeth Warren's anti-crypto army strategy may not pay off

The United States Senator for Massachusetts Elizabeth Warren is making her “anti-crypto” agenda one of the centerpieces of her re-election campaign, despite polls suggesting the majority of Americans think crypto is a key innovation for the future.

28.03 / 23:45

Government Law us government Congress Senate AML Elizabeth Warren is pushing the Senate to ban your crypto wallet

Massachusetts Senator Elizabeth Warren is once again smearing the cryptocurrency industry and attempting to make Americans more dependent on big banks.

27.03 / 19:09

CBDC NFT regulation IRS Congress Senate Ted Cruz and Ron DeSantis take on the ‘digital dollar’: Law Decoded, March 20–27

Two lawmakers in one week weighed in against the possibility of a United States central bank digital currency (CBDC). Florida Governor Ron DeSantis — expected by many to throw his hat into the ring for the 2024 U.S. presidential race — has called for a ban on a digital dollar in the state. DeSantis spoke out against the Federal Reserve issuing and controlling a CBDC, claiming the initiative would grant “more power” to the government.

18.03 / 19:51

business Binance Senate information Senators Financial Binance's response to U.S. Senators lacks financial information: Report

Binance has answered a letter from United States Senators from early March requesting information about the crypto exchange operations in the country, including its balance sheet.

11.03 / 11:05

business regulation Senate Sen. Warren calls out 'sham audits' while SVB threatens crypto bankruptcy

United States Senators Elizabeth Warren and Ron Wyden asked the Public Company Accounting Oversight Board (PCAOB) to hold auditors accountable for failed crypto projects.

06.03 / 21:25

regulation SEC Congress Senate Meta Ceo American regulators are pushing hard against crypto: Law Decoded, Feb. 28–March 6

American lawmakers and regulators continue to compete in their creative efforts to propose anything but comprehensive game rules for the crypto industry.

03.03 / 01:43

Binance regulation Senate Sen. Elizabeth Warren and colleagues demand to see Binance’s balance sheets

Three United States senators led by Elizabeth Warren have sent a letter to Binance CEO Changpeng “CZ” Zhao and Binance.US CEO Brian Shroder expressing concern over a number of facets of Binance’s activities and requesting information from the companies that includes their balance sheets.

01.03 / 05:09

business Law Adoption Binance Senate bills France on the verge of passing stringent crypto firm licensing laws

The French National Assembly has voted in favor of legislating stricter licensing rules for new cryptocurrency firms in order to harmonize local laws with proposed European Union (EU) standards.

24.02 / 09:03

Law Mining regulation Senate bills Montana’s ‘right to mine’ crypto bill moves closer to passing as law

A cryptocurrency mining rights bill with laws that would prohibit the discrimination of crypto miners is one step closer to fruition after passing the Montana Senate.

20.02 / 08:51

Blockchain Mining regulation us government transactions Smart Contracts Senate 'Unworkable' bill to ban blockchain immutability is introduced in Illinois

A recently introduced Illinois Senate Bill has been ridiculed by the crypto community over its "unworkable" plans to force blockchain miners and validators to do "impossible things" — such as reversing transactions if ordered to do so by a state court.

19.02 / 06:19

defi regulation SEC Senate ShapeShift responds to Sen. Warren’s comments to ‘set the record straight’

Non-custodial crypto platform ShapeShift refuted United States Senator Elizabeth Warren’s claims of "illicit financing,” suggesting that she used the platform as a scapegoat to “push” her latest crypto bill, according to a recent statement.

15.02 / 10:53

regulation crimes Senate AML Terrorism Sen. Warren vows reintroduction of AML bill that extends to DAOs and DeFi

A bi-partisan anti-money laundering (AML) bill that covers “decentralized entities” such as decentralized finance (DeFi) protocols and DAOs will soon be reintroduced to Congress, according to United States Senator Elizabeth Warren.

09.02 / 01:31

Government regulation Senate hearing Crypto Council for Innovation GC to testify at US Senate 'crypto crash' hearing

United States lawmakers with the Senate Banking Committee have announced three witnesses scheduled to appear before a hearing scheduled on Feb. 14.

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