News with the tag "Senators"

The White House’s AI and Crypto Czar, David Sacks, has said that the Trump administration is optimistic about the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act moving through the Senate after it regained momentum and bipartisan support. Stablecoin Regulation To Unlock ...

US Senators prepare for a new vote on the highly anticipated stablecoin bill that recently failed to pass cloture. After facing backlash and support withdrawal from Senate Democrats, the bill has undergone new bipartisan amendments to advance the legislation in the upcoming weeks. Stablecoin Bill To...

World Liberty Financial (WLFI), the issuer of the USD1 stablecoin, publicly rejected a Senate probe into its operations, dismissing the inquiry as politically motivated and lacking substance. The public response came shortly after Senator Richard Blumenthal (D-CT), ranking member of the Senate Perma...

A proposed law to establish a US regulatory framework for stablecoins may soon head back to the floor after Senate negotiators reportedly resolved some disagreements on the provisions of the bill. The Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act hit a roadblock earlie...

U.S. Senator Dave McCormick, a Pennsylvania Republican and ex-CEO of hedge fund Bridgewater Associates, has become the largest Bitcoin investor in Congress. According to financial disclosures , McCormick has made repeated investments in Bitwise’s spot Bitcoin ETF, purchasing nearly $250,000. Source:...

Senator Tim Scott, the ranking Republican on the Senate Banking Committee, has introduced a bill to prevent regulators from using reputational risk as a factor in supervising banks. The Financial Integrity and Regulation Management Act seeks to address concerns that financial institutions are avoidi...

Exciting news for crypto enthusiasts and investors! Imagine earning rewards simply by holding your crypto ETFs, just like staking your favorite cryptocurrencies. Well, that future might be closer than you think, as a bipartisan group of US senators is now urging the Securities and Exchange Commissio...

With the new pro-crypto administration in office, the industry is starting to see the long-awaited change of approach regarding regulations and measures to develop the sector. Following the announcement of the first crypto-related US Senate banking subcommittee, Senator Cynthia Lummis revealed the d...

Incoming Senator Bernie Moreno (R-OH) will serve on the Senate Banking Committee when he takes office next year, a recent press release from upcoming Senate Majority Leader John Thune (R-SD) shows. Bernie Moreno On Senate Banking Committee, John Thune Press Release Shows According to Thune’s press r...

Senator John Thune of South Dakota has been elected as the next Senate Majority Leader, succeeding Mitch McConnell and positioning himself as a key ally in advancing pro-crypto legislation in the upcoming Congress. The post Pro-Crypto Sen. John Thune Elected as Next Senate Majority Leader appeared f...