Senators Financial News

29.09 / 17:35

Ethereum Provident litecoin Bitcoin Senators U.S. senators propose amendments to cybersecurity bill for crypto firms

U.S. senators Marsha Blackburn and Cynthia Lummis have proposed amending the 2015 Cybersecurity Information Sharing Act that would allow firms engaged in crypto assets and distributed ledger technology (DLT) to share information regarding cyber threats with government agencies.

03.08 / 22:11

CFTC SEC Congress Senators regulatory Senators Stabenow, Boozman introduce crypto bill that extends CFTC's regulatory powers

United States Senate Agriculture Committee chair Debbie Stabenow and ranking member John Boozman introduced the Digital Commodities Consumer Protection Act bill on Wednesday. The bill has been expected for several months. Like the Digital Commodities Exchange Act (DCEA) introduced into the House of Representatives by members of the House Agriculture Committee in April, the new bill enlarges the role of the Commodity Futures Trading Commission (CFTC). The new bill is not the companion to the DCEA, however.

29.07 / 11:38

Adoption Investments Bitcoin Senators Democratic senators chide Fidelity Investments for BTC-exposed retirement funds

Three United States senators have written to Fidelity Investments CEO Abigail Johnson demanding an explanation for the financial services company’s decision to include Bitcoin-exposed funds in its 401(k) retirement plans. “This decision is immensely troubling,” they wrote.

23.06 / 14:39

Senators Senators Press Fed Chair Jerome Powell on Reforms for Regional Fed Banks

Federal Reserve Chairman Jerome Powell is facing pressure from both Senate Democrats and Republicans over how chiefs of the 12 regional Fed banks and their board members are selected.

17.06 / 22:37

regulation Trading SEC accounting Senators Senators join chorus of disapproval of ‘backdoor regulation’ in SEC staff accounting bulletin

United States Senator Bill Hagerty has sent a letter, cosigned by four other Republican senators, to Securities and Exchange (SEC) Commission chair Gary Gensler urging the withdrawal of a staff accounting bulletin, referred to as SAB 121, issued by the agency March 31. According to the senators, the bulletin amounts to “regulation disguised as staff guidance” and does not adhere to the Administrative Procedure Act.

09.06 / 09:57

cryptocurrency SEC cryptocurrency news Senators US Senators Bring Bill On Cryptocurrency Regulation

A couple of US senators unveiled a bill on Tuesday that would establish new rules for cryptocurrency

07.06 / 16:59

Ethereum CFTC SEC Bitcoin Senators Here's What US Senators Put in New Crypto-Friendly Bill

In a bipartisan effort to pave the way for more crypto-friendly regulations in the US, Wyoming Republican Senator Cynthia Lummis and Democratic senator representing the state of New York, Kirsten Gillibrand, are set to introduce a new draft bill today, dubbed the 'Responsible Financial Innovation Act'.

07.06 / 14:19

Digital crypto rules Senators Financial Senators set to propose sector-friendly crypto rules that promote financial innovation

A pair of US senators were set to propose legislation that would create special exemptions to federal law for some cryptocurrencies, amid an intensifying lobbying push by the industry to avoid existing regulations.

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.

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 / 16:45

cryptocurrency Adoption Crime Senators Ex-Regulator Tells US Senators That Crypto Can ‘Empower and Protect the Innocent’

United States Senators will hear testimony today on crypto and its role in the world of crime – but a former senior regulator has warned that politicians coming down too hard on the crypto sector risked throwing out the baby with the bathwater.

17.02 / 12:53

cryptocurrency Bitcoin Bukele Senators Bitcoin vs 'boomers': El Salvador's President Bukele tells US senators to stay out of its affairs

El Salvador's President Nayib Bukele on Wednesday asked US senators to stay out of the country's "internal affairs" after they called for an investigation into the economic risks the United States faces due to the Central American country's adoption of Bitcoin as legal tender.

17.02 / 11:35

Bitcoin Bukele Senators US Senators Call for El Salvador Bitcoin Adoption Probe, Bukele Responds with ‘OK Boomer’ Barb

Weeks after memeing the International Monetary Fund (IMF), El Salvador’s outspoken President Nayib Bukele has upped his Twitter game by responding “OK boomers” to a group of United States senators moving to block his bitcoin (BTC) adoption plans.

16.02 / 12:57

Stablecoin regulation Senators US Senators Fail to Find Stable Ground on Stablecoins

Stablecoins are not used to pay for real-world goods or services, but are instead a speculative tool for the “shadiest part of the crypto ecosystem,” Democratic Senator Elizabeth Warren said during a hearing on stablecoins in the US Senate Banking Committee yesterday. Others, meanwhile, stressed that stablecoins are likely safer than traditional banks, and that it would be “inappropriate” to regulate them as banks.

16.12 / 03:21

Government Law regulation Mark Warner Senators Broker Six senators urge Treasury Secretary to clarify definition of broker in infrastructure law before 2022

A bipartisan group of U.S. senators have called on Treasury Secretary Janet Yellen to clarify the language in the infrastructure bill signed into law by President Joe Biden around the tax reporting requirements on crypto.

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).

18.11 / 20:40

UPS Remark Parke hearing Senators Senators snipe at each other in heated confirmation hearing for Biden bank regulator pick

WASHINGTON — A nomination hearing for President Joe Biden's pick to be comptroller of the currency, Saule Omarova, turned fiery on Thursday as Democrats and Republicans took jabs at each other over the candidate's unconventional academic works and her upbringing in the Soviet Union.

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