News with the tag "Tim scott"

Is your crypto startup facing unexpected shutdowns from traditional banks? You’re not alone. A wave of ‘de-banking’ has hit the cryptocurrency world, leaving many businesses stranded and unable to access essential financial services. But now, a powerful move from U.S. Senator Tim Scott is offering a...

U.S. Senator Tim Scott (R-S.C.) has introduced new legislation aimed at addressing the growing issue of debanking practices in the country. The Financial Integrity and Regulation Management Act, or FIRM Act, seeks to eliminate the use of reputational risk as a metric for regulating financial institu...

The industry's ongoing campaign against the debanking of crypto businesses and leaders has secured a legislative push from a top U.S. senator, Tim Scott, who is championing a bill that would cut out federal banking regulators' ability to use "reputational risk" as a reason to steer banks away from c...

U.S. Senator Tim Scott Focuses on Digital Asset Framework in 119th Congress Senator Tim Scott has made the development of a regulatory framework for digital assets a priority in the 119th Congress, according to Fox Business reporter Eleanor Terrett . Scott’s agenda emphasizes consumer protection , e...

Two congressional Republicans are calling for a briefing from the US Treasury Department about the recent cyber breach by an alleged China backed hacker.

In today’s Donald Trump victory, the Republicans have completely swept both – The House and the Senate with an overwhelming majority. As a result, Tim Scott will now be replacing anti-crypto Massachusetts Senator Elizabeth Warren as the head of the Senate Banking Committee. This will be the biggest ...

Sen. Cynthia Lummis said the window is closing, but it's not shut yet.

Over the weekend, former U.S. President and current Republican nominee Donald Trump and a number of lawmakers spoke at the Bitcoin Nashville conference. The biggest piece of news everyone has been talking about was Trump and Sen. Cynthia Lummis' proposals to create a strategic reserve for Bitcoin, b...

Senator Tim Scott highlighted bitcoin’s potential to democratize finance and improve financial inclusion at the Bitcoin 2024 Conference. He criticized the Biden administration’s approach to digital assets and endorsed efforts to overturn restrictive SEC guidelines. Scott advocated for balanced regul...

U.S. Sen. Tim Scott (R-S.C.), the top Republican on the Senate Banking Committee who may be in position to be its next chairman, argued at a Bitcoin 2024 appearance on Friday that the government should "make it easy" for the crypto industry to innovate in the U.S.