Crypto Fan Won Ohio Senate Primary That Could Alter the Industrys U.S. Destiny

Ohio’s U.S. Senate race may be the biggest congressional contest this year for the crypto industry, now pitting a digital assets booster against Sen. Sherrod Brown (D-Ohio), the sitting Senate Banking Committee chairman who has stood in the way of the development of regulatory legislation.Source: CoinDesk

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Senate Banking Committee Holds Hearing on Recent Bank Collapses, Calls for Tougher Regulations

On Tuesday, the U.S. Senate Committee on Banking, Housing, and Urban Affairs, also known as the Senate Banking Committee, held a hearing to discuss the recent bank collapses in the United States and the regulatory response. Throughout the testimonies, digital assets and crypto businesses were mentioned. Senate Banking Committee chairman Sherrod Brown claimed on Tuesday [...]

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White House Economist Warns China Wants to Weaken US Dollar’s Reserve Currency Status — Senator Says Biggest Threat Comes From Within

In a congressional hearing, White House economist Jared Bernstein says there’s “some evidence” that China wants the U.S. dollar to lose its status as the world’s reserve currency. However, U.S. Senator Bill Hagerty stressed that the biggest threat to the USD dominance comes from within. China Wants to See U.S. Dollar Losing World’s Reserve Currency [...]

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Sen. Warren vows reintroduction of AML bill that extends to DAOs and DeFi

While the Senator did not expand on other details of the upcoming bill, she suggested that DeFi should not be exempt from AML laws.

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Senate Banking Committee And Treasury To Join Hands For Crypto Legislation

The chairman of the US Senate Banking Committee, Sherrod Brown, has urged Treasury Secretary Janet Yellen to collaborate with lawmakers and banking authorities on comprehensive crypto legislation “in the wake of FTX’s downfall.” In a letter dated Nov. 30 and addressed to Yellen, the Senate Banking Committee Chair, Brown demanded that the Treasury secretary works […]

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Senators slam bank execs for blaming collapses on crypto, pocketing millions

Senator Lummis noted that Signature Bank’s Scott Shay mentioned digital assets 10 times in his testimony about the bank’s collapse.

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US House oversight committee is probing crypto debanking

The US House Oversight Committee has announced its investigating cases of debanking of crypto companies. Uniswap, Coinbase, Kraken, a16z and Blockchain Association are among crypto companies and entities to receive a letter asking for information on the alleged debanking. The Senate Banking Committee is also set to hold a hearing on debanking in early February. […]

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Rep. Senator Cynthia Lummis selected to chair crypto subcommittee

Republican Wyoming Senator Cynthia Lummis has been picked to chair the crypto subcommittee Lummis, a crypto advocate, filed the Bitcoin Act of 2024 bill last month Other Republican members of the crypto subcommittee include Senators Bernie Moreno from Ohio, Dave McCormick from Pennsylvania, Thom Tillis from North Carolina and Bill Hagerty from Tennessee The US […]

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