Senate Financial News

22.11 / 01:05

CFTC regulation Senate hearing committee US Senate committee schedules FTX hearing for Dec. 1, CFTC head to testify

The United States Senate Agriculture Committee has announced that Commodity Futures Trading Commission, or CFTC, chair Rostin Behnam will be one of the witnesses in a hearing exploring the collapse of crypto exchange FTX.

16.11 / 12:15

Adoption Banks Senate FDIC to prioritize crypto risk assessment as banks perform poorly in Q2

Economic uncertainty amid geopolitical tensions, rising interest rates and slowing economic growth have put a strain on the United States financial system. Reacting to the massive losses reported by the traditional banks in Q2 2022, the Federal Deposit Insurance Corporation (FDIC) decided to prioritize five key policies this year, which include evaluating the risks of crypto assets to the banking system.

09.11 / 12:51

Binance regulation Senate FTX-Binance standoff highlights the need for clear rules, says Sen. Lummis

The feud between the CEOs of crypto exchanges FTX and Binance — Sam Bankman-Fried (SBF) and Changpeng “CZ” Zhao — not only crashed cryptocurrency prices but also reminded regulators to step in and avoid similar fallouts in the future.

16.09 / 00:07

CFTC coinbase security Senate Industry reps suggest improvements to Stabenow-Boozman crypto regulation bill

Representatives of the crypto community shared their responses to the proposed Digital Commodities Consumer Protection Act (DCCPA) on Sept. 15. Speaking at the second panel of a hearing held by the Senate Agriculture Committee, invited speakers praised the bill as a whole, but had recommendations for improvement.

22.08 / 05:47

business Government Senate Australia's new government finally signals its crypto regulation stance

Three months after being elected into power, the Australian Labor party has finally broken its silence on how it's planning to approach crypto regulation.

26.07 / 21:41

regulation Senate Taxes Senate Virtual Currency Tax Fairness companion bill drops purchase exclusion to $50

The Virtual Currency Tax Fairness Act of 2022 was introduced into the United States Senate on Tuesday by the bipartisan team of Senators Patrick Toomey and Kyrsten Sinema. The bill is a companion to the one already before the House of Representatives, although it differs in one key detail.

14.07 / 00:33

Government Federal Reserve Senate vice chair US Senate confirms Michael Barr as Fed vice chair for supervision

The United States Senate has confirmed the nomination of law professor Michael Barr to become the next vice chair for supervision for the Federal Reserve.

08.06 / 00:17

business regulation Cybersecurity Senate committee Chainalysis exec touts blockchain analysis to Senate homeland security committee

The collection and processing of information was a major theme at the United States Senate Committee on Homeland Security and Governmental Affairs (HSGAC) hearing June 7 titled “Rising Threats: Ransomware Attacks and Ransom Payments Enabled by Cryptocurrency.” The committee hosted panel of private sector experts who discussed the problem of ransomware attacks and the challenges of collecting and using the information necessary to fight them.

29.04 / 05:27

Government us government Senate Senators Senators Bragg and Lummis discuss crypto laws collaboration between US, Australia

Australian Senator Andrew Bragg hasmet with U.S. Senator Cynthia Lummis to discuss potential collaboration on cryptocurrency regulation between the two countries.

27.04 / 05:07

regulation Senate Brazil’s Senate approves 'Bitcoin law' to regulate cryptocurrencies

Brazil’s Senate has passed the country's first bill governing cryptocurrencies in a plenary session, which will set the stage for the creation of a regulatory framework for the country’s crypto industry.

13.04 / 18:49

Government Law Senate Brazilian Senate announces incoming approval of the ‘Bitcoin law’

The bill regulating the cryptocurrency market in Brazil is expected to be approved by the National Congress in the first half of this year, according to Cointelegraph Brazil.

01.04 / 16:21

Law Congress Senate boost Warren’s battle to curtail crypto gets boost from Ukraine conflict

In a July 2021 interview, Massachusetts Senator Elizabeth Warren likened crypto regulation to the drug regulation initiatives of a century ago, which she claimed put an end to the sale of “snake oil” and laid the basis for the creation of the modern drug industry. This reflected her earlier statements about the digital currency market resembling the “Wild West,” which makes it a poor investment as well as an “environmental disaster.” With her latest bill in the Senate pipeline targeting Russian actors’ potential use of crypto to circumvent United States sanctions, it is fair to ask: Is the military conflict in Ukraine merely an excuse for Warren to act on her long-standing distaste for digital assets?

25.03 / 17:01

Law Congress Senate crypto legislation Senators US senators Lummis, Gillibrand reveal working on bipartisan crypto legislation

United States Senator from New York Kirsten Gillibrand revealed working with Senator Cynthia Lummis on a broad-based regulatory framework for the crypto industry on Thursday during a live event in Washington, D.C.

17.03 / 07:35

regulation SEC Congress Senate Democrat division over crypto isn’t all bad news for regulation

The Biden Administration has just passed an executive order furthering research into crypto assets in view of regulating them, but politicians within the ruling Democrat party remain deeply divided on digital currency.

17.02 / 09:03

regulation Senate Bitcoin New bill aims to 'mitigate risks' to US from El Salvador's Bitcoin Law

A bipartisan group of senators introduced legislation in the U.S. Senate which seeks to mitigate perceived risks posed by El Salvador’s adoption of Bitcoin as a legal currency.

11.01 / 21:21

Government Federal Reserve Senate lawmaker crypto legislation US lawmaker hints at upcoming crypto legislation as Jerome Powell says Fed will release report on digital currency soon

At his confirmation hearing in front of members of the Senate Banking Committee, Federal Reserve chair Jerome Powell said the agency would be releasing its report on cryptocurrencies “within weeks.”

08.01 / 01:15

Government CFTC Senate President Biden sends CFTC nominations to Senate

The White House has officially submitted President Joe Biden’s nominations to fill two seats at the Commodity Futures Trading Commission with the upcoming departure of another commissioner.

08.12 / 07:19

Government Blockchain Senate Australian Australian government gives nod to 6 world leading crypto reforms

The Australian government is seriously consider the rollout of central bank digital currency (CBDC) and has backed numerous forward-looking regulatory crypto-proposals as part of a new “payments and crypto reform plan.”

02.12 / 22:33

markets Stablecoin Senate Bitcoin Victory is for the taking in Friday’s $950M Bitcoin options expiry

Bitcoin (BTC) price is down this week, and naturally, bears will always find some reversal signal whenever the price shows strength, such as the 8% gain on Nov. 28. Of course, technical analysis is not an exact science, so there is a margin for interpretation and most traders look at multiple timeframes to find a narrative that suits their bias.

27.11 / 08:17

Blockchain Adoption Senate Mark Warner Senators Democratic senators oppose President Biden's OCC Omarova nomination

A group of five Democratic senators has reportedly rejected President Joe Biden’s nominee, Saule Omarova, to head the Office of the Comptroller of the Currency (OCC).

10.11 / 01:15

Congress Senate Democratic challenger to crypto-friendly senator's seat is interested in space

Morgan Harper, a former senior advisor at the Consumer Financial Protection Bureau, is coming out as 'crypto curious' in her race to be the Democratic nominee for one of Ohio’s United States Senate seats.

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