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Nalezeno "Senate": 251

Senators slam bank execs for blaming collapses on crypto, pocketing millions

17.5.2023
Senator Lummis noted that Signature Bank’s Scott Shay mentioned digital assets 10 times in his testimony about the bank’s collapse

US Sen. Cynthia Lummis Criticizes Signature Bank Executive for Blaming Crypto for Its Downfall

16.5.2023
Sen. Cynthia Lummis said she found it disappointing that a former crypto-friendly Signature Bank executive is not taking the blame for the failed bank, while criticizing his wordiness about crypto. The Wyoming Republican, who has advocated for crypto, questioned Signature Bank’s former Chairman...

US Senators Reintroduce ‘Accountability for Cryptocurrency in El Salvador (ACES) Act’

16.5.2023
U.S. Senators Jim Risch and Bob Menendez have reintroduced the “Accountability for Cryptocurrency in El Salvador Act,” known as the “ACES Act,” for discussion in the Senate. The piece of legislation seeks to examine the level of adoption of bitcoin as a legal tender in...

SEC Probes First Republic Bank Executives for Insider Trading; Lawmakers Dump Bank’s Shares Before Collapse

6.5.2023
After the second largest bank failure in history, the U.S. Securities and Exchange Commission (SEC) is reportedly investigating First Republic Bank executives for allegedly engaging in insider trading. Two sources have claimed that the securities regulator is scrutinizing the bank’s...

Florida Takes a Stand Against CBDCs: Anti-CBDC Bill Receives Overwhelming Support in House and Senate

4.5.2023
In the wake of Florida Governor Ron DeSantis’ remarks in Jacksonville on Tuesday, both the Florida House of Representatives and Senate have approved the state’s anti-central bank digital currency (CBDC) legislation, dubbed SB 7054. The bill explicitly states that should the U.S. central...

White House Economist Warns China Wants to Weaken US Dollar’s Reserve Currency Status — Senator Says Biggest Threat Comes From Within

22.4.2023
In a congressional hearing, White House economist Jared Bernstein says there’s “some evidence” that China wants the U.S. dollar to lose its status as the world’s reserve currency. However, U.S. Senator Bill Hagerty stressed that the biggest threat to the USD dominance comes from within. China Wants...

Bitcoin derivatives favor further BTC price rally toward $30K

7.4.2023
Bitcoin's price might have held near $28,000 but the absence of shorts using margin and futures markers is a bullish indicator

Elizabeth Warren is pushing the Senate to ban your crypto wallet

29.3.2023
Elizabeth Warren is back with an Anti-Money Laundering act that would — among other things — make it mostly illegal for you to use your own crypto wallet

U.S. Bank Regulators Investigating Leaders of the Failed Tech Banks

27.3.2023
The Federal Deposit Insurance Corp. is investigating the actions of the leaders of Signature Bank and Silicon Valley Bank to hold them accountable for their collapses, said Chairman Martin Gruenberg, who detailed their mismanagement and dangerous business concentrations – especially in digital...

Ted Cruz and Ron DeSantis take on the ‘digital dollar’: Law Decoded, March 20–27

27.3.2023
Two lawmakers in one week weighed in against the possibility of a United States central bank digital currency

GOP Sen. Ted Cruz Proposes Ban on a CBDC

22.3.2023
The effort by the Texas senator adds to a similar state-level measure proposed earlier this week by Florida Governor Ron DeSantis

Binance's response to U.S. Senators lacks financial information: Report

18.3.2023
Binance's Patrick Hillman answered a letter from United States Senators requesting information on Binance's operations in the country and its relationship with Binance.US

U.S. Lawmakers Digging Through Crypto Legislation for Bipartisan Winners: Senator

15.3.2023
Ideas have been gathered from the Senate and House, and lawmakers are trying to figure out what can get bipartisan support, said Senate Banking Committee member Thom Tillis

Sen. Warren calls out 'sham audits' while SVB threatens crypto bankruptcy

11.3.2023
Contrasting her statements against crypto auditors, numerous members highlighted the ongoing collapse of Silicon Valley Bank (SVB), a Federal Deposit Insurance Corporation-insured bank

Stablecoins and Ether are ‘going to be commodities,’ reaffirms CFTC chair

9.3.2023
In the tug-of-war between the US regulators over control of crypto assets, the CFTC chair has triple-downed his stance — that Ether and stablecoins are commodities

Fed Chair Warns of Higher Interest Rates Than Previously Anticipated, Faster Hikes

8.3.2023
Federal Reserve Chairman Jerome Powell has warned that “the ultimate level of interest rates is likely to be higher than previously anticipated.” In addition, if faster tightening is warranted, the Fed “would be prepared to increase the pace of rate hikes,” Powell said....

Fed Chair Powell on Crypto: We See Turmoil, Fraud, Lack of Transparency, Run Risk

8.3.2023
Federal Reserve Chairman Jerome Powell has outlined several risks related to crypto activities during a hearing before the Senate Committee on Banking, Housing, and Urban Affairs. While stating that the Fed sees turmoil, fraud, a lack of transparency, and run risk in the crypto space, he stressed:...