Senate Financial News
30.01 / 23:15
regulation
Senate
Arizona senator doubles down on crypto amid the winter of discontent: Law Decoded, Jan. 23-30
Even though this winter continues to stress test the case for Bitcoin (BTC) advocation, some lawmakers strive to put their names on the crypto hot list among the likes of United States Senators Cynthia Lummis and Pat Toomey. State Senator Wendy Rogers, 68, introduced two bold bills in the Arizona legislature. One focuses on making BTC legal tender in the U.S. state. If passed into law, BTC will have the same status as the U.S. dollar, becoming an accepted medium of exchange for debt payment, public charges, taxes and dues in the state. The bill is not Rogers’ first attempt at making BTC legal tender, with a similar bill defeated in 2022.
27.01 / 04:11
26.01 / 09:27
business
Blockchain
SEC
us government
Congress
Senate
Crypto industry leaders ‘scared of a strong SEC’ — Senator Warren
United States senator and crypto skeptic Elizabeth Warren wants the Securities Exchange Commission (SEC) to “double down” on its crypto enforcement efforts, highlighting that the cryptocurrency industry is running “scared” for what’s to come next.
04.01 / 08:13
regulation
Congress
Senate
policies
100 crypto lobbyists prepare for the fight of their lives as Congress resumes
Cryptocurrencies will be a hot topic as the United States Congress resumes and the battle lines are drawn between lawmakers for and against the fledgling financial industry.
15.12 / 06:51
regulation
us government
FTX
Senate
Rep. Tom Emmer mulls bringing back bill aimed at reducing crypto red tape
Crypto-friendly Congressman Tom Emmer is considering re-floating a bipartisan bill that would lift the requirement for certain crypto businesses and projects to register as Virtual Asset Service Providers (VASPs) in the wake of the FTX collapse.
15.12 / 01:19
business
Binance
regulation
Senate
Binance 'put FTX out of business' — Kevin O'Leary
The collapse of FTX was triggered by Binance, claimed investor Kevin O'Leary on Dec. 14 speaking at the United States Senate committee hearing about the crypto exchange meltdown. O'Leary, who was a paid spokesperson for FTX, provided details about conversations with Sam Bankman-Fried in the days before FTX filed for bankruptcy.
14.12 / 12:29
Adoption
Congress
Senate
Senators
Crypto blame game back on US Senators' menu following SBF arrest
The arrest of the former FTX CEO Sam Bankman-Fried (SBF) by the Bahamian authorities served as a cue for anti-crypto proponents to reignite discussions around the dangers of cryptocurrencies. While some political leaders blame the crypto ecosystem for SBF’s frauds, others find no point in blaming an entire industry for one man’s action.
13.12 / 09:15
business
regulation
Senate
Retirement
Sen. Lummis still 'very comfortable' with Bitcoin in retirement plans
Pro-crypto United States senator Cynthia Lummis has remained steadfast in her support for Bitcoin (BTC) as part of diversified retirement plans, despite calls from her senator peers otherwise.
12.12 / 23:47
12.12 / 08:05
Government
regulation
us government
Senate
US senator: There's 'no reason why' crypto should exist
Another crypto-skeptic United States senator is on the loose, with Democrat Jon Tester boldly stating that he sees “no reason why” crypto should exist.
09.12 / 16:55
business
Congress
Senate
investigation
hearing
SBF 'willing' to testify at Senate hearing on the FTX collapse
Former FTX CEO Sam Bankman-Fried has indicated that he’s willing to testify at a United States Senate hearing into the collapse of cryptocurrency exchange FTX.
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.
07.12 / 06:11
Government
CFTC
SEC
Senate
Crypto will be regulated as securities — ICE boss and Senator Warren
Most cryptocurrencies are likely to be regulated as securities in the United States according to the CEO of Intercontinental Exchange Inc (ICE), Jeffrey Sprecher, and Senator Elizabeth Warren.
06.12 / 09:41
Government
regulation
Senate
A loophole allowed FTX to secure its Aussie license without full checks: ASIC's Longo
Joseph Longo, the chairman of the Australian Securities and Investments Commission (ASIC) is calling for a regulatory loophole to be closed that allowed FTX to acquire an Australian Financial Services License (AFSL) in the country without the full suite of checks.
02.12 / 01:51
CFTC
regulation
FTX
Senate
hearing
committee
regulatory
US Senate committee hearing on FTX fail brings gaps in regulatory authority to light
United States Commodity Futures Trading Commission chair Rostin Behnam told a Senate Agriculture, Nutrition, and Forestry Committee meeting Dec. 1 that his agency’s regulations contain “core elements that have served the markets for decades.” But as the fallout from the FTX collapse gets sorted out, notable gaps in current legislation have come to light, Behnam and the senators agreed.
01.12 / 01:09
Law
regulation
Senate
Sen. Warren: Biden administration worked to stop crypto being 'dangerously intertwined' with banks
Referring to the events surrounding the collapse of FTX as “a handful of magic beans”, Massachusetts Senator Elizabeth Warren seemed to frame the “contagion” spreading through the crypto space as a partisan issue.
30.11 / 23:47
markets
Binance
Senate
Bitcoin
Don't’ believe the hype — Bitcoin price rally to $17K reflects improving sentiment
Bitcoin (BTC) price gained 6.1% between Nov. 28 and Nov. 30 after briefly testing the $17,000 support. Favorable regulatory winds might have helped fuel the rally after the Binance exchange announced the acquisition of a regulated crypto exchange in Japan on Nov. 30.
30.11 / 22:03
regulation
Senate
committee
Senate Banking Committee chair calls for coordination with Treasury on crypto
Sherrod Brown, chair of the United States Senate Banking Committee, has called on Treasury Secretary Janet Yellen to work with financial regulators and lawmakers on comprehensive crypto legislation “in the wake of FTX’s implosion.”
26.11 / 00:35
business
Investments
Grayscale
Senate
Crypto Biz: Institutions short Bitcoin as SBF is ‘deeply sorry’ for FTX collapse
The monumental collapse of FTX will go down as one of the biggest corporate scandals of all time. But, at least Sam Bankman-Fried, or SBF, is sorry. On Nov. 22, the disgraced founder of FTX penned a letter to his former employees describing his role in the company’s bankruptcy. “I never intended this to happen,” he wrote. “I did not realize the full extent of the margin position, nor did I realize the magnitude of the risk posed by a hyper-correlated crash.” Get this: SBF still thinks the company can be saved because “there are billion of dollars of genuine interest from new investors.” Shouldn’t he be preoccupied with trying to avoid jail right now?
25.11 / 01:01
markets
Ethereum
Senate
Mt. Gox
Bears
Ether tests $1,200 but bears better positioned for $1.13B options expiry on Nov. 25
No matter if one analyzes Ether's (ETH) longer-term or weekly time frame, there is little hope for bulls. Besides the negative 69% year-to-date performance, a descending channel has been pressuring the ETH price while offering resistance at $1,200.
23.11 / 12:53
Adoption
regulation
Senate
US Sen. Elizabeth Warren says crypto will ruin economy —community responds
The downfall of former crypto exchange FTX has had the entire industry in disarray since the situation began to unravel days before it declared bankruptcy on Nov. 11. A new op-ed from United States Senator Elizabeth Warren revealed a negative stance towards the industry with regard to the fallout.
frequently asked questions about Senate
What is Senate and why is it gaining attention?
Senate 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 Senate?
All new posts about Senate can be found in the dedicated section. We publish information in a timely manner.
How can I verify the accuracy of information on Senate?
We rely on trusted sources to ensure that the information about Senate is well-supported and valuable for our readers.
