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US Senators Ask Fidelity to Reconsider Bitcoin 401(k) Offerings Following FTX Collapse
22.11.2022
"The ill-advised, deceptive, and potentially illegal actions of a few have a direct impact on the valuation of Bitcoin and other digital assets," the letter read
US Senators Ask $4.5 Trillion Investment Firm Fidelity to Reconsider Exposure to Bitcoin in Wake of FTX Implosion
22.11.2022
Three US senators asked the major financial services firm Fidelity Investments to reconsider exposing workplace retirement plans to bitcoin (BTC).
Democratic senators Richard Durbin, Elizabeth Warren, and Tina Smith penned a letter to "strongly urge" the company's CEO Abigail Johnson to reconsider...
US senators urge Fidelity to reconsider its Bitcoin offerings after FTX blow-up
22.11.2022
The crypto-skeptic senators suggested the FTX collapse made it “abundantly clear” that the digital asset industry has "serious problems."
US Senators Ask Bank Regulators to 'Review' SoFi's Crypto Listings
21.11.2022
Senate Banking Committee Chairman Sherrod Brown and several other lawmakers called on the heads of the OCC, FDIC and Fed to review fintch firm SoFi's crypto activities
US Senators Warren, Durbin Probe FTX Collapse
17.11.2022
After the spectacular implosion of FTX last week, questions about what brought the once-mighty exchange to its knees are swirling – and lawmakers want answers
White House, US Senators Call for Proper Crypto Oversight
12.11.2022
The White House and members of the U.S. Senate Banking Committee have called for proper cryptocurrency regulation following the collapse of crypto exchange FTX. “Without proper oversight of cryptocurrencies, they risk harming everyday Americans, and this is something that clearly we monitor...
US senators commit to advancing crypto bill despite FTX collapse
11.11.2022
The two U.S. Senators said the downfall of FTX clearly exemplified “the need for greater federal oversight of the digital asset industry.”
US Senators Question SEC Why Its Staff Is Quitting at Highest Pace in 10 Years
3.11.2022
Six U.S. senators have questioned the Securities and Exchange Commission (SEC) why its staff is quitting at a record pace. “Efforts to ram through hurried rulemaking without proper analysis, deliberation or consideration of downstream negative impacts is nothing short of regulatory...
US Lawmakers Probe SEC, Treasury, Federal Reserve Over Revolving Door With Crypto Industry
30.10.2022
U.S. lawmakers have raised concerns about the revolving door between financial regulators and the crypto industry. “Over 200 government officials have moved between public service and crypto firms,” the lawmakers said, adding that they include 31 Treasury Department officials and...
CFTC Already Preparing to Be Crypto Watchdog, Benham Tells US Senators
15.9.2022
Agency is “right regulator” to oversee digital assets trading, CFTC chairman testifies at a hearing of the Senate Agriculture Committee
US Senators Press Meta CEO Mark Zuckerberg on Crypto Scam Policies for Facebook, Instagram, Whatsapp
11.9.2022
Six U.S. senators have demanded answers from Meta CEO Mark Zuckerberg about how his company is handling cryptocurrency scams on its social media platforms, including Facebook, Instagram, and Whatsapp. “We are concerned that Meta provides a breeding ground for cryptocurrency fraud that causes...
Senators Press Meta Platforms CEO Mark Zuckerberg to Combat Crypto Scams
9.9.2022
An FTC study shows 49% of crypto-related frauds originated on social media, say six members of the Senate Banking Committee
US Senators Warren, Sanders Ask Key Bank Regulator to Rescind Crypto Guidance
10.8.2022
U.S Senators Elizabeth Warren (D-Mass.), Bernie Sanders (I-Vt.), Richard Durbin (D-Ill.) and Sheldon Whitehouse (D-R.I.) asked the Office of the Comptroller of the Currency to rescind interpretative letters allowing banks to engage in crypto activities, and explain how involved banks are becoming...
3 Bills Introduced in US to Make CFTC Primary Regulator of Crypto Spot Markets
8.8.2022
Three different bills have been introduced in the U.S. this year to empower the Commodity Futures Trading Commission (CFTC) to be the primary regulator of the crypto spot markets. Lawmakers Want CFTC to Be Primary Regulator of Crypto Spot Markets Three bills have been introduced in Congress so...
US Senators Introduce Bill to Give CFTC Exclusive Jurisdiction Over Digital Commodities Spot Market
5.8.2022
U.S. senators have introduced the “Digital Commodities Consumer Protection Act of 2022” to empower the Commodity Futures Trading Commission (CFTC) “with exclusive jurisdiction over the digital commodities spot market.” Digital Commodities Consumer Protection Act U.S....
Senators Stabenow, Boozman introduce crypto bill that extends CFTC's regulatory powers
3.8.2022
The bill defines digital commodities and requires registration of digital commodities platforms by the CFTC, with language that needs tightening
Democratic senators chide Fidelity Investments for BTC-exposed retirement funds
28.7.2022
Crypto critic Elizabeth Warren and two colleagues write to the Fidelity CEO again to express their displeasure with crypto-exposed 401(k) offerings
Dick Durbin Joins US Senators Criticizing Fidelity’s Plan to Include Bitcoin in 401(k) Plans
28.7.2022
The joint letter with Sen. Tina Smith and Sen. Elizabeth Warren calls Fidelity’s plans “immensely troubling.”
US Senators Introduce Bipartisan Bill to Exempt Small Crypto Transactions From Taxes
27.7.2022
A new bipartisan bill has been introduced in the Senate that would simplify the use of cryptocurrency for everyday purchases by creating tax exemption for personal crypto transactions under $50 as well as when the capital gains are less than $50. New ‘Virtual Currency Tax Fairness...
US Senators Push Bill to Make Small Crypto Transactions Tax-Free
26.7.2022
Prominent U.S. senators are trying to free Americans from tracking taxes every time cryptocurrencies change hands, introducing a bill that would exempt them from reporting any transactions up to $50 or any trade in which they earn less than $50