Search
Crypto-Skeptic Senator Sherrod Brown Open To Stablecoin Legislation, Bloomberg Reports
17.4.2024
Staunch crypto-skeptic Senator Sherrod Brown (D-H) is open to passing a stablecoin bill, a Tuesday report from Bloomberg reveals. Brown's willingness to advance the legislation comes amidst news of the introduction of Representatives Cynthia Lummis (R-WY) and Kirsten Gillibrand's (D-NY)...
Treasury’s Yellen: More Power Needed to Counter Crypto Use by Terrorist Groups
9.2.2024
U.S. Treasury Secretary Janet Yellen has expressed the need for increased authority within the Treasury Department to address the alleged utilization of crypto by terrorist groups. Senator Sherrod Brown, known for his role in shaping crypto legislation, questioned Yellen about the necessary updates...
Anonymous Crypto Interests Bombard Key Senator Sherrod Brown With Political Ads
13.12.2023
U.S. Sen. Sherrod Brown (D-Ohio), the chairman of the Senate Banking Committee, is arguably the most important lawmaker currently standing in the way of a crypto regulation bill, and industry interests have paid for a new campaign in his own back yard to nudge him
Senate Banking Committee Discusses Accountability, Oversight of Financial Regulators in Tuesday Hearing
14.11.2023
The Senate Committee on Banking, Houses, and Urban Affairs met on November 14th to conduct a hearing regarding oversight of financial regulators. Holding executives accountable “We must turn the lessons of this year into action,” said Senator Sherrod Brown (D – OH), Chairman of the U.S....
U.S. Senate's Banking Chairman Says Panel to 'Crack Down' on Crypto's Terrorism Ties
26.10.2023
U.S. Sen. Sherrod Brown (D-Ohio) has said the Senate Banking Committee will "crack down on the use of crypto to fund terrorism and evade sanctions" at a time when the U.S. must stand with both Ukraine and Israel as they fight back against Russian President Vladimir Putin and Iranian-backed...
US Senator Sherrod Brown Urges CFTC, SEC and Treasury Secretary to Enhance Crypto Transparency
15.9.2023
The chair of the Senate Banking Committee, Sherrod Brown has urged key federal agencies to use their existing authority to address concerns within the cryptocurrency industry and enhance transparency to protect investors.
Brown sent a letter to three pivotal figures in the U.S. financial...
US Lawmaker Suggests ‘Maybe’ Crypto Should Be Banned Citing Bigger Issues Than FTX
21.12.2022
A U.S. senator has suggested that cryptocurrency should “maybe” be banned following the collapse of crypto exchange FTX. However, he acknowledged that banning crypto “is very difficult because it will go offshore and who knows how that will work.” Senator Sherrod Brown...
US Senator Calls Sam Bankman-Fried to Answer for Failure of FTX and Alameda Research
9.12.2022
Two congressional hearings will be held next week on the collapse of cryptocurrency exchange FTX and U.S. lawmakers have asked former FTX CEO Sam Bankman-Fried (SBF) to testify. As the founder of FTX and Alameda Research, “you must answer for the failure of both entities that was caused,...
Federal Reserve Chairman Jerome Powell Faces Political Pressure Over Interest Rate Hikes
28.10.2022
U.S. Senator Sherrod Brown has asked Fed Chair Jerome Powell not to forget the Federal Reserve’s “dual mandate” when making decisions about hiking interest rates at the next Federal Open Market Committee (FOMC) meeting. “It is your job to combat inflation, but at the same...
US Lawmaker Demands Answers From Apple and Google on Measures Against Fake Crypto Apps
30.7.2022
A U.S. lawmaker has demanded answers from Apple CEO Tim Cook and Google CEO Sundar Pichai about their measures against fake cryptocurrency apps appearing in the Apple App Store and the Google Play store. “Millions of Americans use mobile apps to invest in unregulated digital assets,”...
US Senator Asks Coinbase, Gemini, Binance, Tether How They’re Protecting Consumers
26.11.2021
U.S. Senator Sherrod Brown has sent letters to cryptocurrency exchanges and stablecoin issuers, including Coinbase, Gemini, Binance, and Tether, asking how they are protecting consumers and investors. “I have significant concerns with the non-standardized terms applicable to redemption...
US Senator Says Cryptocurrencies Put Americans’ Hard-Earned Money at Risk
28.7.2021
U.S. Senator Sherrod Brown says cryptocurrencies are not real dollars and they “put Americans’ hard-earned money at risk.” Referring to decentralized finance (defi) as “a shady, diffuse network of online funny money,” he said, “if we want a solution...