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Top Republican Retains Hope U.S. Crypto Legislation Can Get Done This Year

[Aug 21 11:00 PM] Sen. Cynthia Lummis said the window is closing, but it's not shut yet.

Key U.S. Senate Republican Tim Scott Makes Crypto-Fan Debut

[Jul 26 3:59 PM] U.S. Sen. Tim Scott (R-S.C.), the top Republican on the Senate Banking Committee who may be in position to be its next chairman, argued at a Bitcoin 2024 appearance on Friday that the government should "make it easy" for the crypto industry to…

SEC Commissioner Grilled on Bitcoin ETFs as Senators Weigh U.S. Regulator Nominees

[Jul 11 10:50 AM] Commissioner Caroline Crenshaw of the U.S. Securities and Exchange Commission (SEC) told senators on Thursday that rampant fraud in crypto markets left her unwilling to approve bitcoin exchange traded products earlier this year.

Lummis: Crypto Will Erupt as Big Issue in Senate Races Including Banking Chair Brown's

[Apr 9 10:33 AM] U.S. Senator Cynthia Lummis (R-Wyo.) said that the high-stakes Ohio election that could decide both the Senate majority and the leadership of the Senate Banking Committee is likely to dig into cryptocurrency issues, and she encouraged industry…

Crypto Fan Won Ohio Senate Primary That Could Alter the Industry's U.S. Destiny

[Mar 19 8:26 PM] 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…

U.S. Fed Chair Powell Says 'Nowhere Near' Pursuing CBDC, Won't Spy on Americans

[Mar 7 11:10 AM] Even if the Federal Reserve were close to recommending a central bank digital currency (CBDC) in the U.S., Chair Jerome Powell told lawmakers that the Fed has zero interest in a system in which it would have a view into user data.

Crypto Action in Senate Remains on Back Burner: Sources

[Feb 21 2:36 PM] Despite keen interest from U.S. Senate Democrats such as Elizabeth Warren (D-Mass.) to deal with the illicit movement of funds in crypto, there's no immediate action planned in the committee that would need to get it rolling, according to two…

U.S. Senators Berate SEC's Gensler for Agency's 'Unethical' Handling of Crypto Case

[Feb 8 1:12 PM] The U.S. Securities and Exchange Commission's admission that it misrepresented evidence in a lawsuit against the blockchain project DEBT Box casts doubt on its wider enforcement practices, several Republican senators argued in a letter to Chair…

JPMorgan's Jamie Dimon and Sen. Elizabeth Warren Team Up to Bash Crypto

[Dec 6, 2023 1:57 PM] JPMorgan Chase CEO Jamie Dimon has never been shy about trashing crypto, even while his giant Wall Street bank became a leader in using blockchain technology to move billions. At a U.S. Senate hearing Wednesday, he slammed the industry again, to…

Ex-Senator Who Once Shepherded Crypto Legislation Sees No Path in Current Congress

[Sep 21, 2023 12:31 PM] Former U.S. Sen. Pat Toomey, who tried and failed to push his own crypto legislation through Congress before leaving at the start of the year, can’t see how the current Senate will have any better luck, despite recent progress in the House of…

U.S. CBDC Efforts Opposed in Legislation Advanced by House Republicans

[Sep 20, 2023 1:52 PM] A crypto-related bill meant to stifle a future U.S. central bank digital currency is now heading toward consideration on the floor of the U.S. House of Representatives after committee approval Wednesday, marking further progress for digital assets…

Senator Warren’s Crypto Money Laundering Bill Builds Momentum as More Sign On

[Sep 18, 2023 9:34 AM] U.S. Sen. Elizabeth Warren (D-Mass.) has enlisted more support from key lawmakers in a growing coalition pushing for a law to crack down on money-laundering and sanctions abuses in crypto, with new sponsorship from the top Democrats on the Senate…

Most Important U.S. Senator for Crypto’s Future Tells Regulators to Use Existing Powers

[Sep 14, 2023 12:23 PM] U.S. Sen. Sherrod Brown (D-Ohio), whose chairmanship of the Senate Banking Committee gives him power over crypto’s congressional destiny, issued a call to arms to regulators on Thursday, demanding that they use whatever authority they currently…

Gensler Hearing Shows Key Senate Democrat Digging in Heels on Crypto

[Sep 12, 2023 11:23 AM] While U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler was in the hot seat at a Senate hearing on Tuesday, the most important crypto sentiments may have come from Sen. Sherrod Brown (D-Ohio), who tarred much of the industry as…

Defiant Gensler Returns to Crypto Grievances Ahead of Senate Testimony

[Sep 11, 2023 3:08 PM] U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler is doubling down on his crypto objections in his first remarks following the second recent court setback in his agency’s sweeping legal fight with the industry.

SEC’s Gensler Should Be Focus of More Hearings on Treatment of Crypto: U.S. Senator

[Sep 7, 2023 9:41 AM] Sen. Bill Hagerty (R-Tenn.) previewed the lawmaker ire in store for U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler as Congress returns from its summer break, with Hagerty accusing the regulator of stomping on crypto innovation…

Don’t Pop the Champagne on U.S. Crypto Bills – Progress in Congress Has Been Costly

[Aug 1, 2023 12:47 PM] The crypto industry has never made it this far in its quest for a new system of U.S. oversight for digital assets, but the recent flurry of legislative progress may still be too contentious for it to become law.

U.S. Sen. Elizabeth Warren Calls for Shutdown of Crypto Funding for Fentanyl

[May 31, 2023 11:01 AM] U.S. Sen. Elizabeth Warren (D-Mass.) cited the rampant use of cryptocurrency in the Chinese fentanyl trade during a Wednesday Senate hearing, arguing for legislation to help break that pipeline.

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

[May 17, 2023 12:08 AM] Senator Lummis noted that Signature Bank’s Scott Shay mentioned digital assets 10 times in his testimony about the bank’s collapse.

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

[Apr 21, 2023 8:30 PM] 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

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

[Mar 29, 2023 2:00 PM] 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…

U.S. Bank Regulators Investigating Leaders of the Failed Tech Banks

[Mar 27, 2023 12:46 PM] The Federal Deposit Insurance Corp. is investigating the actions of the leaders of Signature Bank and Silicon Valley Bank to hold them accountable for their collapses, said Chairman Martin Gruenberg, who detailed their mismanagement and dangerous…

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

[Feb 15, 2023 12:39 AM] While the Senator did not expand on other details of the upcoming bill, she suggested that DeFi should not be exempt from AML laws.

US Senator: There's 'no reason why' crypto should exist

[Dec 11, 2022 9:45 PM] Senator Tester is one of many Democratic senators slamming crypto of late, arguing that as the sector is backed by nothing, and provides nothing, thus there's “no reason” why it should exist.