(Photo by Uriel Sinai/Getty Images) Getty Images Key Takeaways There are reports that the SAFE Banking Act will be excluded from a must-pass bill, marking the third time it’s failed to get through the...
Tag: Banking
US Senate Banking Chairman Says Banning Cryptocurrencies Is Very Difficult: Report
US Senator Sherrod Brown reportedly says banning cryptocurrencies is “very difficult” after presiding over a hearing on the collapse of FTX. In an interview with NBC’s Meet the Press host Chuck Todd, ...
Why the Bank of Japan’s surprise policy twist is rattling global markets
Anchors aweigh? The Bank of Japan sent shock waves through global financial markets Tuesday, effectively loosening a cap on 10-year government bond yields in a surprise move seen as potentially pointi...
Senate Banking Committee Head Sherrod Brown Wants Crypto to Ban
Sherrod Brown, Chairman of the United States Banking Committee, has recommended that the Commodities Futures Trading Commission (CFTC) and the U.S. Securities and Exchange Commission (SEC) ought to di...
Amid inflation and recession fears, 10 money moves you should make in 2023
Getty Images/iStockphoto While inflation is cooling, projections still point to elevated consumer prices next year. What’s more, recession threats remain high, unemployment may rise and investors are ...
Banking Committee Chair: US Regulators Should ‘Maybe’ Ban Crypto
U.S. Senator Sherrod Brown has suggested that U.S. federal agencies, such as the Securities Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), should “maybe” consider a ban...
The United States Might Need to Ban Crypto, Says Banking Committee Chief
U.S. Senator and chairman of the Senate Banking Committee, Sherrod Brown (D-OH), spoke on Sunday about what actions regulators need to take after the implosion of FTX. He suggested that crypto may be...
Ban Crypto? Why Senate Banking Chief Suggests SEC And CFTC Should Do So
Crypto is at the crosshair of a U.S. lawmaker – and it’s not surprising. Sen. Sherrod Brown, Chairman of United States Banking, Housing, and Urban Affairs Committee, suggested on December 18 that fede...
The Crypto Ice Age Is Here. What’s Ahead for Bitcoin.
For crypto investors, the only thing to celebrate about 2022 is that it is almost over. The industry is fighting for its life amid a cascade of scandals, bankruptcies, and fury in Washington over its ...
A ban on cryptocurrencies in the near future? This US Senate Banking Chair thinks…
The US Senate Banking Chair has been contemplating banning cryptocurrencies, citing security concerns However, some Senators believed that a lack of central regulation was the issue Sherrod Brown, th...
Senate banking chair considers crypto prohibition
Senator Sherrod Brown of the United States argued that it would be very difficult to implement such a prohibition due to the fact that the activity in question would just move offshore. Sherrod Brown,...
US Senate Banking Chair Suggests Outlawing Cryptocurrency
11 mins ago | 2 mins read Bitcoin News Brown mentioned FTX’s collapse as an example of why a ban would be worth considering. Cryptocurrencies are “dangerous” and a “threat to national security” as per...
Are Arbitrum, Optimism already banking on a profitable 2023? This report suggests…
Layer-2 solutions show growth in terms of TVL share, according to a new report The number of active addresses and transactions increased as well According to data provided by Messari, a crypto analyti...
US Senate banking chair floats possibility of banning crypto
United States Banking Committee chairman Sherrod Brown has suggested that the Securities Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) should perhaps consider a ban on ...
Crypto’s Onetime Fans Are Calling It Quits After FTX Collapse
Buying crypto was so much fun when it was going up. Now, many onetime fans are getting out. This year has brought crisis after crisis, raising questions about the industry’s long-term prospects. Two m...
Global regulator approves new banking regulations for crypto
On Friday, the Basel Committee for Banking Supervision (BCBS) announced that its global crypto banking rules would be implemented as of January 1, 2025. Details on the global crypto banking rule This ...
New tax rule for eBay and Venmo will cause ‘significant confusion,’ CPAs say
As Congress concludes 2022 with a sprint to pass laws and a spending deal, tax accountants are joining a chorus of e-commerce companies and pay platforms who say a revamped tax form is about to cause ...
Moving into a retirement community, how to know when you have enough saved, the best RMD strategies and more retirement news
From MarketWatch Retirement: How much should you have saved for retirement? Aim for these age-related benchmarks as you save for retirement. These are the top 10 mistakes people make when planning fo...
My mom spent $90K on bitcoin and gifts in a romance scam. Can the tax code help her?
My mom went into debt to buy bitcoin for a scammer because she thought she was in a romantic relationship with him. She also racked up credit-card debt to mail computers and gift cards to the scammer....
International banking regulatory body backtracks on stablecoins
A Switzerland-based organization that sets international banking standards released new proposed guidance for banks to manage exposure to digital assets that retracts previous draft rules for stableco...
Basel Committee Endorses Global Crypto Banking Rules be Implemented by 2025
The classification conditions the committee have set out include ensuring crypto passes a redemption risk test and basis risk test. “The redemption risk test is to ensure that the reserve assets...
New York Banking Regulator Rolls Out New Crypto Guidelines ⋆ ZyCrypto
Advertisement     The New York State Department of Financial Services has issued a new guideline to protect customers against the dangers of another cryptocurrency cra...
The Crypto Ice Age Is Here. It Could Get Even Worse.
For crypto investors, the only thing to celebrate about 2022 is that it is almost over. The industry is fighting for its life amid a cascade of scandals, bankruptcies, and fury in Washington over its ...
BioNTech upgraded to buy on high hopes for combined flu/COVID vaccine and oncology pipeline
Bank of America analysts upgraded BioNTech SE stock to buy from hold on Thursday, citing excitement about its mRNA technology and the outlook for a combined flu/COVID vaccine and oncology vaccines tha...
New York Banks Now Need Approval Before Engaging with Crypto, Regulator Says
A New York financial regulator wants advanced notice before banks do anything involving digital assets. The New York State Department of Financial Services issued new guidance requiring state-re...
The Fed raised interest rates again. Where to earn 3-5% on your savings account
Where to earn more on your savings account. Getty Images/iStockphoto On Wednesday, The Federal Reserve raised its benchmark interest rate by half a percentage point, bringing the federal-funds rate up...
Binance Crypto Exchange Faces Test as Customers Withdraw Funds
There’s nothing in crypto like the New York Stock Exchange, but if the industry has anything close, Coinbase Global and Binance fill that role. Coinbase (ticker: COIN) is based in the U.S. and provide...
Given up on Wall Street? Here’s how stocks could rally 20% next year, says veteran analyst
Just two weeks of 2022 to go and the stock market mood remains grim. The latest burst of optimism, on further evidence that U.S. inflation continues to ease, has again evaporated. Equity investors fea...