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...
Tag: senators
Pence And A Dozen GOP Senators Slam Trump Over Dinner With White Supremacist In Latest Republican Rift
Topline Former Vice President Mike Pence joined a large continent of high-profile Republicans on Monday calling out former President Donald Trump over his recent dinner with white supremacist Nick Fue...
Senators Demand Investigation Into FTX
Key Takeaways Senators Elizabeth Warren and Sheldon Whitehouse asked the Department of Justice to investigate FTX today. In a letter, they outlined FTX’s failures and highlighted the effects of ...
US Senators Urge Department of Justice To Hold FTX Accountable to Full Extent of the Law for Massive Collapse
Two US Senators are publicly calling upon the Justice Department to hold disgraced and bankrupt crypto exchange FTX accountable for its massive collapse earlier this month. In a letter addressed to At...
US Senators want justice department to hold FTX execs accountable for collapse
Senators Elizabeth Warren (D-Mass.) and Sheldon Whitehouse (D-R.I) wrote a letter to the United States Department of Justice (DOJ) to express their concern regarding the FTX implosion. Warren and Whit...
US Senators Urge Financial Giant Fidelity To Think Twice About Offering Bitcoin (BTC) 401(k) Plans
US senators are for the second time calling on financial giant Fidelity to reconsider offering Bitcoin (BTC) as an investment in 401(k) retirement accounts. In a letter to Fidelity CEO Abigail Johnson...
US Senators Urge Fidelity to Stop Offering Bitcoin in 401(k) Plans Citing FTX Collapse, ‘Serious Problems’ in Crypto Industry – Featured Bitcoin News
Several U.S. senators have called on Fidelity Investments to reconsider allowing bitcoin in 401(k) retirement plans. “The recent implosion of FTX, a cryptocurrency exchange, has made it abundantly cle...
Senators Urge Fidelity to Drop Bitcoin Retirement Offering
United States Senators on Monday issued yet another letter to Fidelity Investments, urging it to reconsider offering Bitcoin to its customers following the total collapse of cryptocurrency exchange FT...
US Senators urge Fidelity to drop BTC amid FTX fallout
Fidelity Investments, one of the largest asset managers and 401(k) providers in the world, received another concerned letter from U.S. lawmakers concerned about the FTX fallout. Senators Elizabeth War...
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...
US senators urge Fidelity to reconsider its Bitcoin offerings after FTX blow-up
United States senators Elizabeth Warren, Tina Smith, and Richard Durbin have renewed their calls for Fidelity Investments to reconsider offering a Bitcoin (BTC)-linked 401(k) retirement product. In a...
US Senators Concerned for Fidelity and Its Bitcoin 401k Plans
Three Senators call out Fidelity Investments in a letter to reconsider its decision to offer Bitcoin Retirement plans. Especially after the FTX collapse. Although there is still fear over the looming ...
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...
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...
Two US Senators from Democratic Party Demand Probe of FTX
The Senators said that the public owes complete transparency of the financial activities that led to the collapse of FTX. As the FTX crisis unfolds, US lawmakers are increasing demand a probe into the...
US Senators Warren, Durbin Probe FTX Collapse
Warren and Durbin, both longtime, outspoken crypto skeptics, said the collapse of FTX – which, until recently, had a $32 billion valuation and was largely perceived as one of the most stable exchanges...
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. &...
White House, US Senators Call for Proper Crypto Oversight – Regulation Bitcoin News
The White House and members of the U.S. Senate Banking Committee have called for proper cryptocurrency regulation following the collapse of crypto exchange FTX. “Without proper oversight of cryptocurr...
U.S. Senators demanding better consumer protection after FTX collapse – crypto.news
The US senators have decided to continue with the SBF back bill despite the almost imminent collapse of FTX. According to the latest news reports, the legislation is set to protect digital consumers f...
US senators commit to advancing crypto bill despite FTX collapse
The two U.S. Senators said the downfall of FTX clearly exemplified “the need for greater federal oversight of the digital asset industry.” United States senators Debbie Stabenow and John Boozman have ...
The NHL’s Ottawa Senators Are Officially For Sale
Anna Melnyk and Olivia Melnyk drop the puck for a ceremonial face-off at Canadian Tire Centre on … [+] April 28, 2022 in Ottawa, Ontario, Canada. (Photo by André Ringuette/NHLI via Getty Images)...
Why US Senators Are Calling SEC For “Regulatory Malpractice”
At a time when cryptocurrency market needs stable regulatory environment, the U.S. SEC officials are involved in activities of ‘malpractice’. According to recent reports, the SEC’s staff are leaving t...
US Senators Question SEC Why Its Staff Is Quitting at Highest Pace in 10 Years – Regulation Bitcoin News
Six U.S. senators have questioned the Securities and Exchange Commission (SEC) why its staff is quitting at a record pace. “Efforts to ram through hurried rulemaking without proper analysis, deliberat...
US Senators Write Letter to Fed and Regulators Seeking Clarification on Crypto Ethics Guidelines
Five US Senators have penned a letter to federal regulators asking what the governmental bodies are doing to uphold ethical standards within the crypto industry. In the letter, Senators Elizabeth Warr...
Democrat Senators call Texas ‘Deregulated Safe Harbor’ for Bitcoin miners
A group of seven U.S. senators from the Democratic Party, led by Massachusetts Senator Elizabeth Warren, have called Texas a ‘deregulated safe harbor’ for Bitcoin miners. The group has sought related ...
The U.S. Senators Revised Cybersecurity Bill To Include Crypto
Two U.S. senators passed a new bill amending the Cybersecurity Information Sharing Act of 2015 to include the crypto firms to report cyberthreats they face. The U.S legislators, Cynthia Lummis of Wyom...
Senators Tell Facebook How to Fight Crypto Fraud
Roughly nine democrat senators – including Cory Booker of New Jersey, Elizabeth Warren of Massachusetts, and Bernie Sanders of Vermont – have sent a letter to Mark Zuckerberg – the CEO of Facebook (no...
U.S. Senators Introduce 401(k) Investment Classes- Including Crypto
A trio of Republican lawmakers introduced a bill including “digital assets.” The bill will extend the acceptable investment classes in defined contribution plans. The U.S. Lawmakers Introduced a Bill ...
Paraguay Senators Reject President’s Bitcoin Mining Law Veto
Paraguayan lawmakers this week rejected the president’s veto of a major Bitcoin mining regulation bill. A total of 33 senators on Wednesday voted to reject President Mario Abdo Benitez’s decision to ...