FTX collapse has created a stir in the entire crypto market. Sherrod Brown, chairman of the United States Banking Committee, believes the Securities Exchange Commission(SEC) and the Commodity Future...
Tag: Senate
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...
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 ...
Senate Passes Stopgap Funding Bill, Averting Government Shutdown
Topline The Senate on Thursday passed a stopgap bill to fund the government for an additional week, staving off Friday’s looming government shutdown as lawmakers race to finalize a broader funding pac...
Senate Passes Defense Bill That Will Lift Military Vaccine Mandate—Sending It To Biden’s Desk
Topline The Senate on Thursday approved a $858 billion military spending bill that passed the House last week and would revoke the military’s Covid-19 vaccine requirement, sending the legislation to t...
Push For Puerto Rico Statehood Vote Gets One Step Closer With House Approval — But Faces Long Odds In Senate
Topline The House passed legislation on Thursday that would require Puerto Rico to vote on whether to change the island’s legal status next year, marking a significant step toward making the U.S. terr...
Kevin O’Leary Blames Binance For Deliberately Causing FTX Collapse In Senate Testimony
Businesses and governments are still scratching their heads over the sudden collapse of FTX, Sam Bankman-Fried’s crypto empire. The crypto community and regulators are wondering what led to the abrupt...
Kevin O’Leary Points Finger At Binance For FTX Crash In Senate Testimony
Topline Shark Tank investor Kevin O’Leary, formerly a spokesperson for the now bankrupt and disgraced cryptocurrency exchange FTX, continued to evangelize about the potential of cryptocurrencies durin...
Senators voice broader concerns around crypto, including Binance
Senate lawmakers are taking a closer look at Binance in the wake of FTX’s collapse, with a hearing today frequently touching on the off-shore exchange while senators also expressed broader conce...
FTX Hearing in US Senate Reveals Congress Doesn’t Have Immediate Answers
A number of Republican senators were no-shows at the FTX hearing, and the crypto views of Sen. Tim Scott, (R-S.C.), who is set to serve as the committee’s ranking Republican in the next congressional ...
SBF Says Senate Hearing “Not Currently Scheduled”
In a news related to FTX, Sam Bankman-Fried, who once served as the chief executive officer of the FTX empire, has stated that he is “not currently scheduled” to appear at the hearing that will be hel...
SBF misses the Senate hearing but promises to testify to the House: Law Decoded
Welcome to Law Decoded, your weekly digest of all the major developments in the field of regulation. So, Sam Bankman-Fried, public enemy number one, won’t appear in front of Senators on Dec. 14, as he...
SBF to Testify Remotely At the Senate Banking Committee Hearing Tomorrow Amid Fear of “Paparazzi Effect”
– Advertisement – FTX founder said he is not planning to attend the testimony in person. Sam Bankman-Fried (SBF), the former CEO of FTX cryptocurrency exchange, disclosed today that he ha...
Bankman-Fried ‘unwilling’ to accept subpoena, escalating Senate standoff
Senate lawmakers blasted former FTX CEO Sam Bankman-Fried for declining to appear at a hearing this week, calling his decision an “unprecedented abdication of accountability.” The Senate Banking...
SBF ‘not currently planning’ on attending Dec. 14 Senate hearing
Speaking on Twitter Space on Dec. 12, Sam Bankman-Fried stated that he is “not currently planning to speak at an upcoming Senate hearing” on Dec. 14.” Previously, SBF confirmed that he was willing to ...
FTX’s SBF Fails to Respond to Request to Testify at Senate Hearing
Alex Dovbnya Pennsylvania Senator Pat Toomey says that he expects FTX’s Sam Bankman-Fried to testify next week Former FTX CEO Sam Bankman-Fried has failed to reply to a request to testify before the S...
Arizona Sen. Sinema Leaving Democratic Party, Becoming An Independent
Topline Arizona Sen. Kyrsten Sinema will leave the Democratic Party and register as an independent, according to a video statement Friday, following Georgia Sen. Raphael Warnock’s runoff election vict...
Sam Bankman-Fried ghosts Senate for testimony on FTX collapse
Former FTX CEO Sam Bankman-Fried and his attorney did not respond to the Senate Banking Committee’s demand that he testify or otherwise cooperate with an investigation into his failed corporate ...
Senate Banking Committee calls on Bankman-Fried to testify on Dec. 14
The U.S. Senate Banking Committee wants Sam Bankman-Fried to testify on the collapse of his crypto exchange, FTX and linked trading firm, Alameda Research. “As the Founder and CEO of FTX ...
Democrats control Senate after Warnock, a crypto supporter, won
According to the Associated Press, Democratic U.S. Senator Raphael Warnock has beaten Republican contender Herschel Walker in the Georgia run-off vote, guaranteeing his party a majority of seats in th...
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...
Mayors Call On Senate To Pass Stalled Gun Control Bills By End Of Year — But Lawmakers Are Hesitant
Topline The mayors of 70 cities that have endured mass shootings this year called on Senate leaders to pass stalled gun control legislation before the end of the year –but Senate Democrats have expres...
Senate Committee Pushes for CFTC Regulation After FTX Collapse
A hearing of the Senate Agriculture Committee on Dec. 1, 2022, called for Congress to act fast to pass CFTC laws to prevent further loss of funds in the wake of the FTX collapse. The committee interro...
Senate passes rail labor pact before strike deadline, sends to Biden
The Senate passed legislation that would force a tentative rail labor agreement and thwart a national strike. A separate vote on adding seven days of paid sick leave to the agreement failed. The appro...
How A Rock Star, A Physician-Legislator, And An Evangelical Senator Bonded To Help End The Global AIDS Pandemic: A Backstory
Three weeks ago, Bono came through Nashville on his book tour for “Surrender: 40 Songs, One Story.” Following his 2-hour solo performance at the historic Ryman Auditorium, the original home of the Gra...
Senate Votes To Avert Rail Strike—But Denies Railroad Workers’ Request For 7 Paid Sick Days
Topline The Senate approved a new contract between railroad companies and labor unions on Thursday in a last-minute vote, ahead of a December 9 deadline that could trigger a nationwide railroad strike...
House approves tentative labor deal, sends to Senate
A rail employee works a Union Pacific Intermodal Terminal rail yard on November 21, 2022 in Los Angeles, California. Mario Tama | Getty Images The House passed legislation Wednesday that would force a...
Bankman-Fried-backed bill on hold until next Congress, says Senate chair
The Digital Commodities Consumer Protection Act, or DCCPA, whose association with Sam Bankman-Fried has come under added scrutiny following FTX’s collapse, is on pause until next year. Senate Ag...