Chinese President Xi Jinping, left, and Russian President Vladimir Putin, walk to attend the … [+] Shanghai Cooperation Organization (SCO) summit in Samarkand, Uzbekistan, earlier this month. (S...
Tag: Congress
Framework to ban members of Congress and SCOTUS from trading stocks includes crypto provision
Members of the United States House of Representatives and Senate as well as Supreme Court justices currently trading cryptocurrencies may have to stop HODLing while in office should a bill get enough ...
Rep. Davidson says ‘outside chance’ of stablecoin bill this year, likely next year with GOP majority
Congress has a shot at finalizing stablecoin legislation this year, says Congressman Warren Davidson, despite midterm elections in November breaking up the legislative calendar. “There’s an outside ch...
Congress Presses State Department for Info on Costs, Benefits of Crypto
Congress moves ahead with the Russia Cryptocurrency Transparency Act Lawmakers want to know when, why and how the State Department uses crypto to reward whistleblowers As the war in Ukraine rages on, ...
Proof of security? Gensler eyes proof of stake after The Merge
Ethereum’s successful shift from proof of work to proof of stake was a public relations win for the cryptocurrency thanks to dramatically shrinking the network’s energy consumption. But the most infl...
JPMorgan CEO Jamie Dimon Tells Congress Crypto Tokens Like Bitcoin Are ‘Decentralized Ponzi Schemes’ – Coinotizia
JPMorgan Chase CEO Jamie Dimon said in a U.S. congressional hearing that crypto tokens, like bitcoin, are “decentralized Ponzi schemes.” He told lawmakers: “I’m a major skeptic on crypto tokens which ...
JPMorgan CEO Jamie Dimon Tells Congress Crypto Tokens Like Bitcoin Are ‘Decentralized Ponzi Schemes’ – Featured Bitcoin News
JPMorgan Chase CEO Jamie Dimon said in a U.S. congressional hearing that crypto tokens, like bitcoin, are “decentralized Ponzi schemes.” He told lawmakers: “I’m a major skeptic on crypto tokens which ...
Push to Enhance CFTC’s Crypto Watchdog Role Gets a Boost in US Congress
The Senate legislation – introduced in August by the leaders of the Senate Agriculture Committee, Chairwoman Debbie Stabenow (D-Mich.) and senior Republican, John Boozman (R-Ark.) – is a relatively na...
Jamie Dimon’s Testimony Caps A Confrontational Energy Week
JPMorgan Chase & Co. Chairman and CEO Jamie Dimon testifies before a House Committee on Financial … [+] Services Committee hearing on “Holding Megabanks Accountable: Oversight of Ameri...
Jamie Dimon told Congress that crypto is nothing but a ‘decentralized Ponzi scheme’
Cryptocurrencies are dangerous “Ponzi schemes” that put billions of dollars at risk every year, JPMorgan CEO Jamie Dimon declared in a scathing review of the volatile digital assets. In congressional ...
Watch Jamie Dimon and other bank CEOs get grilled by Congress in second day of hearings
[The stream is slated to start at 9:30 a.m. ET. Please refresh the page if you do not see a player above at that time.] The heads of seven of the biggest U.S. banks, including JPMorgan Chase CEO Jamie...
Draft stablecoin bill in Congress to require Fed, state regulator approval
Draft legislation to create a U.S. federal framework around stablecoins would temporarily ban the types of payment coins that are not backed by outside assets — similar to TerraUSD, an algorithmic sta...
Watch JPMorgan Chase CEO Jamie Dimon and six other bank leaders get grilled by Congress
[The stream is slated to start at 10:00 a.m. ET. Please refresh the page if you do not see a player above at that time.] The CEOs of the biggest U.S. retail banks, including JPMorgan Chase‘s Jam...
Congress to grill CEOs of top US banks on the state of the economy
Congress will, this week, grill CEOs of top US banks, including JPMorgan Chase & Co (NYSE: JPM), Bank of America Corp (NYSE: BAC), Wells Fargo & Co (NYSE: WFC), Citigroup Inc. (NYSE: C), and o...
Taxes, Inequality And Unemployment Will Weigh On China After Party Congress
Russian President Vladimir Putin, left, speaks to China President Xi Jinping during the Shanghai … [+] Cooperation Organization summit last Friday. (Sergei Bobylev, Sputnik, Kremlin Pool Photo v...
Congress wants to be notified of all crypto rewards payments by DOS
As the U.S. grows increasingly concerned about sanctions evasions via cryptocurrency, a new bill demands that Congress be notified of all crypto aid provided to Ukraine. The bill, which the House of R...
Congress demands crypto payments notification from State Department when helping Ukraine
A new bill demanding a congressional notification prior to payments of United States Department of State rewards using cryptocurrencies has surfaced as Congress raises concerns about the evasion of sa...
Liz Cheney Introduces Bill To Prevent Stolen Elections—Here’s How It Would Work
Topline Republican Rep. Liz Cheney (Wyo.) and Democratic Rep. Zoe Lofgren (Calif.) released legislation Monday to streamline and clarify how Congress certifies presidential elections, setting the stag...
LIV Golf CEO Greg Norman visits Capitol Hill as Saudi-backed league battles PGA Tour
LIV CEO and commissioner Greg Norman watches play on the third hole during the final round of the LIV Golf Invitational Series Chicago at Rich Harvest Farms in Sugar Grove, Illinois. Brian Spurlock | ...
De Santis And Abbot Shuttling Migrants North To Make A Point
Governor Ron DeSantis is leading the campaign of shipping migrants northbound to underline the … [+] problems on America’s southern border. (Photo by Eva Marie Uzcategui/Getty Images) Gett...
Congress stock trading ‘continues to degrade the trust’ of Americans, Democrat says
Congressional stock trading is back in the limelight following a New York Times analysis that found 97 members of Congress engaged in stock market transactions that could potentially be seen as confli...
Crypto industry, lawmakers slam Biden administration reports
Cryptocurrency industry groups and Republican lawmakers panned a set of highly anticipated digital asset reports from the Biden administration, saying the new documents “miss the mark” and “kick the c...
Brazil’s jailed ‘bitcoin pharaoh’ will have to sit out next month’s election
A Brazilian court unanimously moved to prohibit “bitcoin pharaoh” Glaidson Acácio dos Santos from running for office because of his company’s alleged role in a pyramid scheme. Dos Sa...
US Senator Wants Congress to Step in With Crypto Guidance — Urges SEC to Provide Much More Clarity on Regulations – Regulation Bitcoin News
U.S. Senator Pat Toomey says Congress should step in and provide a regulatory framework for cryptocurrency. He stressed that the U.S. Securities and Exchange Commission (SEC) is not sharing its framew...
In Pursuit of Higher Revenues, Weapons Contractors Exaggerate Impacts of Inflation
Not surprisingly, weapons contractors want as much taxpayer money as the political market will bear. Part of their job is to maximize revenue, profits, and share value. That’s why the nation’s civilia...
How Should America Deal With Undocumented Immigrants?
11 million undocumented immigrants live in the USA. What should be done with them? (Photo by David … [+] McNew/Getty Images) Getty Images Two publications appeared recently dealing with the U.S....
U.S. senator blasts SEC for not sharing crypto framework, pushes for Congress to intervene
United States senator for Pennsylvania Pat Toomey has blasted the Securities Exchange Commission (SEC) for not providing a crypto regulatory platform. Speaking during an interview with Bloomberg Mark...
Pelosi Says Congress Stock Trading Bill Could Go To Floor This Month
Topline House Speaker Nancy Pelosi (D-Calif.) said Wednesday that a bill banning Congress members from trading individual stocks may go to a vote as soon as this month, setting the stage for the long-...