News with the tag "U.S. Senate"

The U.S. legislation that would establish stablecoin regulation failed to take a huge step closer to reality on Thursday as a rush of Democratic resistance kept the bill from moving into a debate phase, which would have been the path toward an eventual vote on passage. The crypto industry has been c...

U.S. Senator Dave McCormick, the former chief executive of massive hedge fund Bridgewater Associates, is putting his own cash into bitcoin (BTC) as the committee he's on is at the tip of the spear for a legislative effort to regulate the digital assets industry. McCormick has made repeated recent in...

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...

Staking should potentially be added to the menu for crypto exchange-traded funds (ETFs), a bipartisan group of U.S. senators argued in a letter to the Securities and Exchange Commission (SEC) on Thursday. Issuers of crypto ETFs had originally planned to include the staking feature in their fund offe...

President Donald Trump is just about done naming the key figures he's seeking to get into financial regulation posts that will direct the future oversight of the crypto industry, now including lawyer Jonathan Gould as a nominee to run the Office of the Comptroller of the Currency that oversees U.S. ...

Tim Scott Predicts Senate Passage of Two Key Crypto Bills by April Senate Banking Committee Chairman Tim Scott stated that two major cryptocurrency bills are expected to pass in the Senate within the next three months , according to Decrypt . Key Crypto Bills Likely to Pass: Stablecoin Bill – Introd...

In a historic move, the United States Senate has established the first-ever Digital Assets Subcommittee, signaling a greater focus on crypto regulation and integration into the financial system. Cynthia Lummis Leads Bipartisan Crypto Initiative Senator Cynthia Lummis of Wyoming, appointed by Senate ...

The U.S. Senate Banking Committee, chaired by Sen. Sherrod Brown, aims to rigorously tackle the use of cryptocurrencies in funding terrorism. During a hearing last Thursday on illicit finance, the Ohio Democrat announced that his committee will scrutinize various methods of terrorist financing, incl...

U.S. Sen. Sherrod Brown (D-Ohio), whose chairmanship of the Senate Banking Committee gives him power over crypto’s congressional destiny, issued a call to arms to regulators on Thursday, demanding that they use whatever authority they currently have over digital assets to improve market transparency...

The whole bill will undergo reconciliation by both the House and Senate chambers.