Senate Banking Committee

State of Crypto: Congress Is Holding 3 Hearings Today, Here’s What to Expect

Congress is holding three simultaneous hearings around cryptocurrencies today – and they're all on different types of use cases.

Policy & regulation  ·  27 July 2021

Elizabeth Warren, US Lawmakers Put Bitcoin on Trial in Senate CBDC Hearing

While a Senate Banking Committee hearing ostensibly focused on central bank digital currencies, bitcoin’s role in the ecosystem drew much of the attention.

News  ·  10 June 2021
Wall Street

Wall Street Bank CEOs to Mention Crypto Before Congressional Banking Panels This Week

“We continue to closely and actively follow developments around cryptocurrencies,” said Wells Fargo CEO Charles Scharf in a statement.

News  ·  26 May 2021
Turkey

State of Crypto: Congress Takes One Step Closer to Regulatory Clarity

A bipartisan bill addressing cryptocurrencies made it through the House of Representatives. Next up: the Senate.

Policy & regulation  ·  27 April 2021
SEC

Senate Confirms Gary Gensler as Next SEC Chief

It’s official: Gary Gensler is the new chair of the Securities and Exchange Commission (SEC), after a 53-45 vote by the U.S. Senate on Wednesday. Gensler, who was nominated to the position by President Joe Biden in January, previously ran the federal Commodity Futures Trading Commission (CFTC), overseeing the implementation of new regulations around derivatives […]

People  ·  14 April 2021
Federal Reserve

Sen. Sherrod Brown Says US Should ‘Lead the Way’ on CBDCs, Disses Diem and Bitcoin

“We cannot be left behind,” Brown wrote about other nations’ central bank digital currency efforts.

Policy & regulation  ·  5 March 2021
Newsletters

State of Crypto: The US Government Keeps Mentioning Terrorism

Congress is holding a hearing on financing for domestic terrorism this week. What role will bitcoin play?

Policy & regulation  ·  23 February 2021
Congress

US Congress Plans Hearings on GameStop Market Pumps

While Congress is planning multiple hearings, it's less clear what financial regulators might do.

Policy & regulation  ·  28 January 2021
OCC

Senate Banking Chairman Asks OCC About Its Planned Crypto Rulemaking

U.S. Senate Banking Committee Chairman Mike Crapo asked to know more about the OCC's potential crypto guidance, but encouraged clear regulation.

News  ·  2 September 2020
Digital Dollar

Senate Hearing Sees Digital Dollar as a Tool for Economic Supremacy

The digital dollar again appeared during a Senate hearing. However, it wasn't the focus of the hearing but just another tool that can be used to maintain U.S. hegemony.

Policy & regulation  ·  23 July 2020
Senate Banking Committee

US Senators Float Bill Requiring Congressional Watchdog to Study Crypto’s Role in Trafficking

Top members of the Senate Banking Committee plan to introduce legislation that would direct the congressional watchdog to study virtual currency’s role in drug and human trafficking.

News  ·  1 July 2020
CBDCs

Senate Banking Committee Remains Open to Idea of Digital Dollar in Tuesday’s Hearing

While not every lawmaker was on board with the idea of a central bank digital currency during a Senate Banking Committee hearing Tuesday, no one explicitly rejected it either.

News  ·  1 July 2020
Paxos

Witnesses Will Vouch for Stablecoins, Digital Dollars in US Senate Hearing Tuesday

Witnesses will discuss stablecoins and tokenized dollars during Tuesday's Senate Banking hearing on the digitization of money.

Policy & regulation  ·  30 June 2020
Senate Banking Committee

Human-Trafficking Expert Urges US Congress to Regulate Crypto Miners

A former U.S. Treasury official urged Congress to regulate cryptocurrency miners in order to fight human trafficking.

Business  ·  3 September 2019
Circle

US Senator: ‘I Don’t Think You’ve Persuaded Anyone’ Crypto Creates Financial Inclusion

Sen. Brian Schatz (D-Hawaii) questioned the claim that blockchain spurs financial inclusion at Tuesday's Banking Committee hearing.

Markets  ·  30 July 2019