News with the tag "US Senator"

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...

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...

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...

Republican state senator Dusty Deevers recently introduced a bill allowing Oklahoma employees and residents to opt to receive salaries in Bitcoin and enable businesses to accept BTC payments. Oklahoma Senator Introduces Bitcoin Freedom Act On January 8, Senator Dusty Deevers announced the Bitcoin Fr...

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...

In an interview with Yahoo Finance, US Senator Cynthia Lummis of Wyoming outlined a proposal to grant the Federal Reserve the authority to hold Bitcoin as part of the United States’ official reserves. She argues that this approach could improve the country’s long-term financial stability, strengthen...

Pro-crypto US Senator Cynthia Lummis is intensifying her efforts to advance the Bitcoin Strategic Reserve Act, a proposal introduced by President-elect Donald Trump during the National Bitcoin Conference earlier this year. This initiative aims to position the United States at the forefront of BTC ad...

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...