Senators Financial News
03.07 / 12:37
30.06 / 19:01
UPS
Senators
US senators write to Meta chief Mark Zuckerberg after report on Instagram algorithm
Meta chief executive Mark Zuckerberg regarding reports that Instagram's algorithm facilitates child sexual abuse material. Earlier this month, CNBC reported that Instagram's recommendation algorithms have been connecting and promoting accounts that facilitate and sell such content, according to an investigation.
16.06 / 03:07
business
regulation
us government
Senate
Machine Learning
AI companies
Senators
US senators propose bill to eliminate section 230 protection for AI companies
U.S. Senators Josh Hawley, a republican from Missouri, and Richard Blumenthal, a democrat from Connecticut, introduced a senate bill on June 14 that would eliminate special protections afforded to online computer services providers under the Communications Decency Act of 1996.
09.06 / 10:15
business
regulation
us government
Congress
Mark Warner
ChatGPT
Senators
US senators propose AI bills for transparency and innovation
Lawmakers in the United States have proposed two new bipartisan bills targeting issues of transparency and innovation in artificial intelligence (AI).
08.06 / 15:49
business
Binance
regulation
lawmakers
US lawmakers
Senators
Binance may have lied to US lawmakers, argue senators: Report
Binance may have misled lawmakers in the United States about its business dealings and relationship with its local unit in a letter sent in March, Bloomberg reported on June 8.
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 / 19:16
regulation
Bitcoin
Senators
US Senators Express Concerns over El Salvador's Bitcoin Adoption – What's Going On?
El Salvador’s adoption of Bitcoin as a legal tender has caused concern among American lawmakers, who are calling for a risk report on the potential impact on bilateral economic relations and law enforcement cooperation.
17.05 / 07:13
business
SVB
Signature Bank
collapses
Senators
Senators slam bank execs for blaming collapses on crypto, pocketing millions
A former Signature Bank executive has been slammed for seemingly trying to place the blame for his bank’s collapse on crypto while purportedly being able to pocket millions in bonuses and stock options.
04.05 / 18:13
Blockchain
Provident
Digital
VISA
Aware
Platform
Senators
French Senators Propose Allowing Influencers to Promote Registered Crypto Firms
The French Senate’s Committee on Economic Affairs has proposed a new law allowing social media influencers to promote cryptocurrency on their platforms.
20.03 / 20:45
Binance
CEO
Strategy
Senators
Binance responds to US senators' request
Binance, one of the world's largest cryptocurrency exchanges, has responded to a letter from US senators sent on March 2nd, which raised concerns about the exchange's activities and requested financial data. The senators, led by Elizabeth Warren, claimed that there is evidence that Binance and its American arm attempted to evade US regulators, evade sanctions and facilitated the laundering of at least $10 billion. They requested «all Binance and Binance subsidiary balance sheets from 2017 to the present,» as well as Anti-Money Laundering and similar policies, and documents about the relationship between Binance and Binance.US.
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.
10.03 / 21:39
regulation
Congress
banking
Discrimination
Senators
US senators write to banking regulators about potential crypto discrimination
Four United States Republican senators lead by Bill Hagerty have written a letter to the heads of federal banking regulatory agencies questioning the ideological motivation behind recent regulatory moves in regard to cryptocurrency. They compared the regulators’ policies to the Obama administration’s Operation Choke Point.
04.03 / 00:53
Mining
regulation
Environment
Congress
Senators
Senators renew call for EPA investigation of crypto mining emissions data
United States Senator Edward Markey and Representative Jared Huffman announced March 3 that they would reintroduce the Crypto-Asset Environmental Transparency Act in Congress. The move comes ahead of a Senate hearing on the environmental impact of crypto mining, which Markey will chair on March 7.
03.03 / 19:59
Binance
regulation
Binance.us
information
Senators
Binance Faces Scrutiny as Senators Request Information on Business Operations – Crypto Clampdown Incoming?
Three US senators have asked Binance and its US partner Binance.US to provide detailed information regarding their business operations amid accusations of illegal practices.
01.02 / 14:15
Legal
FTX
Silvergate
Senators
Customer
US Senators Demand Answers from Silvergate Capital Corp Over FTX's Misuse of Customer Funds
US senators have turned their focus to Silvergate Capital Corp. yet again, saying that the company's responses to a previous inquiry over its ties to the fallen FTX exchange were “evasive and incomplete.”
22.12 / 19:11
Senators
Senators Agree to Move Forward on Omnibus Spending Bill
WASHINGTON—Senators broke an immigration-related impasse Thursday morning, reaching a deal on amendments that clears the way to pass a $1.65 trillion spending bill just ahead of the Christmas holiday and a looming winter storm.
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.
22.11 / 16:01
Fidelity
Fidelity Investments
Bitcoin
Senators
US Senators Ask $4.5 Trillion Investment Firm Fidelity to Reconsider Exposure to Bitcoin in Wake of FTX Implosion
Three US senators asked the major financial services firm Fidelity Investments to reconsider exposing workplace retirement plans to bitcoin (BTC).
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.
11.11 / 09:33
business
Blockchain
CFTC
Congress
Senators
US senators commit to advancing crypto bill despite FTX collapse
United States senators Debbie Stabenow and John Boozman have doubled down on their commitment to publishing a final version of the Digital Commodities Consumer Protection Act 2022 (DCCPA) in the wake of FTX’s shocking collapse.
13.10 / 19:57
Blockchain
CEO
Bitcoin
safe
Senators
Democrat Senators call Texas ‘Deregulated Safe Harbor’ for Bitcoin miners
A group of seven U.S. senators from the Democratic Party, led by Massachusetts Senator Elizabeth Warren, have called Texas a ‘deregulated safe harbor’ for Bitcoin miners.
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