Topline Signature Bank, a New York-based regional bank that became a leader in cryptocurrency lending, shuttered suddenly on Sunday, marking the third-biggest bank failure in U.S. history just two day...
Tag: elizabeth warren
Top Republican lawmaker explains how Congress is warming up to crypto
Episode 4 of Season 5 of The Scoop was recorded remotely with The Block’s Frank Chaparro and Rep. Tom Emmer, R-Minn. Listen below, and subscribe to The Scoop on Apple, Spotify, Google Podc...
Biden Follows Warrens Lead Toward Federalizing Rules For Rental Housing
Former Vice President Joe Biden (L) and Massachusetts Senator Elizabeth Warren (Photo by SAUL LOEB … [+] / AFP) (Photo by SAUL LOEB/AFP via Getty Images) AFP via Getty Images Across the country ...
Elizabeth Warren rallies crypto critics to defend the SEC’s record post-FTX
Sen. Elizabeth Warren, D-Mass., pushed for tighter regulation on the crypto industry on Wednesday in an event hosted by the American Economic Liberties Project called “Confronting the Crypto Cha...
Key Senate Democrats push Southwest CEO for answers on holiday meltdown
Southwest Airlines Executive Vice President Bob Jordan speaks as he is interviewed by CNBC outside the New York Stock Exchange (NYSE) in New York City, U.S., December 9, 2021. Brendan McDermid | Reute...
Warren, Marshall introduce bill to tighten money laundering rules for crypto
Sens. Elizabeth Warren, D-Mass., and Roger Marshall, R-Kan., introduced legislation to tighten U.S. anti-money laundering rules to digital assets. The bill would expand know-your-customer rules ...
Senators question U.S. banking regulators on crypto exposure
Two U.S senators have written to agencies tasked with supervising the financial sector to seek details about banks’ exposure to cryptocurrencies. Sens. Elizabeth Warren, D-Mass., and Tina ...
Senators want more info on Silvergate’s ‘egregious failure’ on FTX
A bipartisan group of senators want more information from Silvergate Bank, a bank that caters to crypto and fintech clients, about the bank’s current financial wellbeing, while also taking the c...
FTX contagion would be worse if banks were ‘dangerously intertwined’ with crypto
Contagion spreading through the crypto industry could have been worse if federally-insured banks were “dangerously intertwined” with crypto, according to Sen. Elizabeth Warren, D-Mass. Warren la...
Senators Once Again Ask Fidelity to Stop Offering Bitcoin in 401(k)s
Three US Senators have urged Fidelity to stop its 401(k) sponsor partners from offering bitcoin exposure — likening crypto investing to “catching lightning in a bottle.” In a Monday letter penned to F...
Three U.S. senators ask Fidelity to reconsider bitcoin exposure in retirement plans
Three U.S. senators have again asked Fidelity Investments to reconsider a decision to allow retirement plan participants to invest in bitcoin, saying the industry has become increasingly “volati...
Senators Warren, Durbin call on Bankman-Fried for info on FTX’s historical balance sheets
Key Senate Democrats are joining the calls for more disclosure of the historical finances of bankrupt crypto exchange FTX and the cluster of firms that had ties to it and founder Sam Bankman-Fried. &...
What ‘millionaire tax’ plans on California, Massachusetts ballots mean for taxpayers
How states plan to spend ‘millionaire tax’ revenue While the proposed taxes sound similar, there are differences in how each state plans to use the revenue. In Massachusetts, assuming vot...
Here’s what the Wells Fargo cross selling scandal means for the bank
Wells Fargo is one of the oldest and most powerful banks in the United States. Its reputation today is in tatters, following a notorious scandal that is still unfolding. Reports of fraudulent activity...
Contractor Push For Inflation Increases Could Enable Profiteering
As Senator Elizabeth Warren has noted in two recent letters to Pentagon and arms industry officials, weapons contractors are working overtime to translate concerns about inflation in the defense secto...
Congress’ About-Face On Stock Trading Ban Hurts Americans’ Trust In Government
WASHINGTON – JUNE 5: The U.S. Capitol is shown June 5, 2003 in Washington, DC. Both houses of the … [+] U.S. Congress, the U.S. Senate and the U.S. House of Representatives meet in the Cap...
Republicans Slam Democrats At Banking Hearing
Topline Members of the House Financial Service Committee grilled major bank CEOs at a hearing on Wednesday over issues facing the US economy, including rising interest rates and the possibility of rec...
Sanctions against crypto mixers can deter financial crimes
Sanctions against cryptocurrency mixers like Tornado Cash can strengthen the United States’ sanctions regime against Russia and other illicit actors, and can serve as a deterrent to criminals that wou...
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...
Elizabeth Warren ‘Very Worried’ Fed’s Interest Rate Hikes Could Spark A Recession
Topline Sen. Elizabeth Warren (D-Mass.) said Sunday she is “very worried” the Federal Reserve’s moves to fight inflation will “tip the economy into recession,” after Fed Chair Jerome Powell warned eco...
Key events on the path to student loan forgiveness
A woman holds a sign during an Occupy Wall Street rally against the high cost of college tuitions April 25, 2012 in New York. Don Emmert | Afp | Getty Images For the millions of Americans with student...
Here’s What Biden Might Do
Topline With President Joe Biden set to make a much anticipated decision on forgiving federal student loan debt in the coming days, here’s a timeline of what to expect, how much borrowers may get in r...
Fed decision July 2022:
The Federal Reserve on Wednesday enacted its second consecutive 0.75 percentage point interest rate increase as it seeks to tamp down runaway inflation without creating a recession. In taking the benc...
Democrats Need To Stop Hating On Joe Manchin
SUN VALLEY, IDAHO – JULY 07: U.S. Sen. Joe Manchin (D-WV) walks to a morning session during the … [+] Allen & Company Sun Valley Conference on July 07, 2022 in Sun Valley, Idaho. (Phot...
Halsey Is Latest Celebrity To Share Abortion Story In Wake Of Dobbs’ Ruling
Topline After the Supreme Court repealed the constitutional right to an abortion last month, a growing number of celebrities have spoken out in protest of the ruling about abortions they’ve had, inclu...
Warren asks bank regulator to reject TD deal after customer-abuse report
Sen. Elizabeth Warren, D-Mass., speaks during the Senate Armed Services Committee hearing on security in Afghanistan and in the regions of South and Central Asia, in Dirksen Building on Tuesday, Octob...
3 Reasons Elizabeth Warren’s Price Gouging War Doesn’t Make Sense
LVIV, UKRAINE – 2021/03/04: Fuel pump nozzle seen at a gas station. (Photo by Mykola Tys/SOPA … [+] Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images Some of ou...
Sen. Elizabeth Warren says billionaires should pay more taxes to help the ‘next Elon Musk
Elon Musk and fellow billionaires should pay it forward in taxes to support the next generation of entrepreneurs who can make a difference, Sen. Elizabeth Warren, D-Mass., told CNBC on Tuesday. “...