After crypto exchange behemoth FTX imploded in a matter of days, the chair of the Commodities Futures Trading Commission walked a fine line in continuing his call for the same legislation Sam Bankman-...
Tag: Senate
U.S. CFTC Chair To Testify At Today’s FTX Hearing in Senate
– Advertisement – Benham will be the first witness at the FTX hearing scheduled today. The chairman of the U.S. Commodity Futures Trading Commission (CFTC), Rostin Benham, will testify at ...
Senate Banking Committee chair calls for coordination with Treasury on crypto
Sherrod Brown, chair of the United States Senate Banking Committee, has called on Treasury Secretary Janet Yellen to work with financial regulators and lawmakers on comprehensive crypto legislation “i...
Senate Passes Same-Sex Marriage Protection Bill In Bipartisan Vote
Topline The U.S. Senate passed a bill granting new federal protections for same-sex marriages Tuesday afternoon, sending the bill to the House after a 61-36 bipartisan vote, fulfilling a promise by De...
Senior Senate Democrat wants crypto exchange info after FTX collapse
Senate Finance Committee Chair Ron Wyden, D-Ore., wants information on how large crypto exchanges conduct business, including whether they use customer funds for undisclosed purposes, following the co...
Lummis casts doubt on Bankman-Fried-backed bill, plugs own solutions
In light of the FTX collapse, Sen. Cynthia Lummis, R-Wyo., sees a brighter future for her signature crypto legislation in the next congressional session. While noting that little action in Congr...
Senate Lacks Votes To Pass Assault Weapons Ban, Sen. Murphy Says—As Other Gun Bills Remain Stalled
Topline Democrats have called on Congress to approve an assault weapons ban after fatal mass shootings in Virginia and Colorado in recent days, but Sen. Chris Murphy (D-Conn.) said Sunday he does not ...
A US Senate hearing will discuss FTX, New York bans proof-of-work and FTX evaluates its assets: Hodler’s Digest, Nov. 20-26
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, pr...
Sarah Palin Loses Another House Bid And Sen. Murkowski Defeats Trump-Backed Challenger
Topline Rep. Mary Peltola (D-Alaska) defeated former governor and close Trump ally Sarah Palin in a race for Alaska’s sole House seat, according to state election officials, while Sen. Lisa Murkowski ...
Ads Attacking Same-Sex Marriage Bill Will Air During Thanksgiving NFL Games–But Here’s What They Get Wrong
Topline The conservative Heritage Foundation think tank will reportedly air ads during NFL and college football games on Thanksgiving Day and through the weekend that attack the same-sex marriage bill...
Senate Banking Committee Democrats caution SoFi about deadlines
Sherrod Brown, who chairs the United States Senate Banking Committee, and three other Democratic members of the committee sent letters on November 21 to a number of government authorities as well as t...
Lawmakers weigh what to do with Sam Bankman-Fried’s political cash after FTX’s collapse
FTX executives made a splash during the 2022 midterm cycle, spending millions on political donations and funding for their super PACs But after the exchange filed for bankruptcy protection, som...
Senate Banking Committee Democrats warn SoFi about meeting its compliance deadline
Chairman of the United States Senate Banking Committee Sherrod Brown and three other Democratic committee members sent letters Nov. 21 to federal officials and to Anthony Noto, president of SoFi Techn...
US Senate committee schedules FTX hearing for Dec. 1, CFTC head to testify
The United States Senate Agriculture Committee has announced that Commodity Futures Trading Commission, or CFTC, chair Rostin Behnam will be one of the witnesses in a hearing exploring the collapse of...
Senators warn of SoFi consumer risks amid crypto crash
Democrats on the Senate Banking Committee are worried that trading activities by SoFi Digital Assets could pose consumer risks, and warned that taxpayers “may be on the hook” to bail out the firm’s pa...
US CFTC’s Behnam Will Testify at FTX Hearing in Senate
The Agriculture Committee announced the hearing the same day it published a defense of the Digital Commodities Consumer Protection Act, a bill supported by Bankman-Fried. Industry participants have ex...
The Block: Binance had ‘at minimum ill-intent’ in revoked FTX proposal: Sen. Ted Cruz
Sen. Ted Cruz said that Binance showed “at minimum ill intent” regarding the offer it made and quickly took back to buy FTX last week. Noting the speed of Binance’s public offe...
Republicans Win Narrow Majority In U.S. House
Topline Republicans have won enough House seats in last week’s midterm elections to narrowly secure control of the lower chamber for the next two years, ending the Democratic Party’s four-year-long st...
Senate Votes To Protect Same-Sex Marriages
Topline The Senate voted to move forward with landmark legislation that would codify protections for same-sex and interracial marriages, putting it on a path to become law before a Republican-led Hous...
Senate Banking Committee eyes hearing on Sam Bankman-Fried’s FTX collapse
A key Senate committee could hold a hearing to investigate the collapse of crypto exchange FTX. The Senate Banking Committee is “working to schedule a hearing and details are forthcoming,” accor...
Mitch McConnell Reelected GOP Senate Leader—Surviving Hard-Right Challenge
Topline Senate Minority Leader Mitch McConnell (R-Ky.) will serve another two years as the top Senate Republican after staving off a late challenge from Sen. Rick Scott (R-Fla.), as GOP leaders face b...
Rick Scott To Challenge Mitch McConnell As Senate Republican Leader
Topline Sen. Rick Scott (R-Fla.) told fellow Republican senators Tuesday he will run against Senate Minority Leader Mitch McConnell (R-Ky.) in Wednesday’s election for GOP Senate leader, in the ...
Meaning of FTX Fall Depends on One’s Politics, US Senate Hearing Shows
The fallout of the FTX collapse has left U.S. lawmakers spinning two distinct narratives: Democrats hail their financial regulators as heroes whose caution saved the disaster from threatening the wide...
FDIC doesn’t back any crypto firms or cryptocurrency, says acting head
The backstop of the U.S. banking system reiterated in a line of questioning before the Senate that its safeguards don’t extend to crypto. Sen. Bob Menendez, D-N.J., a senior member of the Senate...
Senate Banking chair warns crypto could ‘crash our financial system’ following FTX collapse
Senate Banking Committee Chair Sherrod Brown, D-Ohio, is sounding the alarm on crypto following FTX’s collapse. “This year we’ve seen cryptocurrency values collapse by $2 trillion. 2,000 ...
Bipartisan Senate Group Says It Has The Votes To Codify Same-Sex And Interracial Marriage
Topline A bipartisan group of Senators says it has enough votes to codify into law the rights to same sex and interracial marriage after many became worried about the protection of the right to marria...
Democrats hold Senate, House still too close to call
Democrats will keep control of the Senate after tight races in Arizona and Nevada were called for the party, but as vote counting continues in several races, control of the U.S. House of Representativ...
Trump Attacks McConnell For Republican Midterm Losses In Latest Push For GOP Leader’s Ouster
Topline Former President Donald Trump assailed Senate Minority Leader Mitch McConnell following Republicans’ failure to win control of the Senate, accusing McConnell in a series of Truth Social posts ...
Here’s What Democrats’ Senate Win Means For The Next Session Of Congress
Topline Democrats will remain in control of the Senate for the next two years, leaving intact their ability to approve President Joe Biden’s judicial nominees, but if Republicans win the House, a spli...
Democrats Keep the US Senate but Crypto Only Has Eyes for FTX Collapse
Several key Senators within the Democratic Party have expressed concern over the collapse of crypto exchange FTX, which was led by major election donor Sam Bankman-Fried. Sen. Sherrod Brown, who will ...
Democrats Retain Senate As Nevada Re-Elects Cortez Masto
Topline Sen. Catherine Cortez Masto won the Nevada Senate race, keeping Democrats in control of the Senate with 50 seats (and Vice President Kamala Harris’s tie-breaking vote), and sending yet another...