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Federal Reserve chair Jerome Powell told the U.S. Senate that regulators should” take a fresh look” at the crypto debanking debacle.
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Both House Republicans and Democrats have presented plans to regulate U.S. stablecoins, a sector evidently prioritized by lawmakers under President Trump.
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The Federal Deposit Insurance Corporation has released more than 100 documents related to the highly criticized and controversial “debanking” of crypto companies and individuals. In a press release on Feb. 5, the FDIC stated that the 175 documents pertain to…
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Howard Lutnick, President Trump’s pick for U.S. Commerce Secretary, was grilled by lawmakers over his ties with Tether and alleged criminal use of its dollar stablecoin.
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Tether
Follow-up
Senator Elizabeth Warren has demanded answers from Howard Lutnick, President Donald Trump’s nominee for Commerce Secretary, regarding his financial ties to Tether. Ahead of Lutnick’s Senate confirmation hearing, Warren sent a letter questioning his ability to serve impartially while maintaining…
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Republican Rep. Bryan Steil has called for clear crypto rules as he’s set to chair the House’s Subcommittee on Digital Assets, a key Congressional gather for blockchain policy
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Lawmakers, industry leaders, and blockchain innovators gathered this week to discuss the future of crypto policies and their impact on national security. The Blockchain Association hosted its third annual Policy Summit in Washington, D.C., on December 16-17, 2024. With key…
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Blockchain community members pushed against the re-confirmation of Democratic U.S. SEC Commissioner Caroline Crenshaw amid agency transition.
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Bitcoin
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Pro-crypto candidates for the U.S. Senate and House of Representatives are leading the race against anti-crypto candidates as the market goes on a bull run. According to data provided by Stand With Crypto, 226 and 14 pro-crypto candidates have been…
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Bitcoin
Feature
How did the debate between Warren and Deaton expose deeper tensions within U.S. financial regulation, and could their opposing views on crypto play a role in shaping the Senate’s future? The classic face-off The first face-off between Democratic Senator Elizabeth…
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Senate Republicans have introduced legislation that would require the SEC chair, currently Gary Gensler, to testify before Congress twice a year. This move comes amid mounting criticism of SEC Chair Gary Gensler’s leadership and the agency’s approach to regulating the…
Follow-up
Ahead of today’s Congressional hearing on SEC oversight, Republicans urged Gensler to repeal SAB 121
Republican lawmakers have strongly requested that the U.S. Securities and Exchange Commission repeal a controversial rule for banks that deal with crypto. Yesterday, Sept. 23, a group of more than 40 members of Congress sent signed letters to the heads of…
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Bitcoin
News
In an interview, Paul Grewal, Coinbase’s Chief Legal Officer, said that a shift is coming in the U.S. crypto legislative landscape. He forecasted the emergence of a “pro-crypto” Congress following the 2024 elections. Grewal discussed in a Bloomberg Crypto interview…
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Bitcoin
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Senate majority leader Chuck Schumer has set himself the goal of passing comprehensive crypto legislation by the end of 2024. Schumer made the statement at a virtual town hall meeting hosted by Crypto4Harris, a newly-formed initiative to push pro-crypto talking…
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Bitcoin
Feature
As Senator Lummis pushes for Bitcoin to stabilize the U.S. dollar, Moe Vela warns of the risks. Read on. During the Bitcoin 2024 conference in Nashville on July 27, US Senator Cynthia Lummis proposed that the U.S. government consider Bitcoin (BTC)…
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Bitcoin
Follow-up
Senator Cynthia Lummis released a report opposing the proposed 30% energy excise tax on miners. The politician published a report entitled “Powering Down Progress: Why A Bitcoin Mining Tax Hurts America,” which examines the Administration of U.S. President Joe Biden’s…
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Bitcoin
