Lummis: Crypto Will Erupt as Big Issue in Senate Races Including Banking Chair Brown’s
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 insiders to make sure it does.
Crypto Fan Won Ohio Senate Primary That Could Alter the Industry’s 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.
Anonymous Crypto Interests Bombard Key Senator Sherrod Brown With Political Ads
U.S. Sen. Sherrod Brown (D-Ohio), the chairman of the Senate Banking Committee, is arguably the most important lawmaker currently standing in the way of a crypto regulation bill, and industry interests have paid for a new campaign in his own back yard to nudge him.
U.S. Senate’s Banking Chairman Says Panel to ‘Crack Down’ on Crypto’s Terrorism Ties
U.S. Sen. Sherrod Brown (D-Ohio) has said the Senate Banking Committee will “crack down on the use of crypto to fund terrorism and evade sanctions” at a time when the U.S. must stand with both Ukraine and Israel as they fight back against Russian President Vladimir Putin and Iranian-backed terrorists like Hamas.
Crypto Needs Congress, But U.S. Lawmakers Have Opted for Pandemonium
Without the U.S. Congress outlining a clear system of rules, the crypto industry fears it’ll be relegated as a volatile financial backwater. But Capitol Hill is beset by drama, including a U.S. House of Representatives that fired its speaker and a budget debate that could derail the federal government.
Most Important U.S. Senator for Crypto’s Future Tells Regulators to Use Existing Powers
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 have over digital assets to improve market transparency and protect the investors putting their money into the sector.
Gensler Hearing Shows Key Senate Democrat Digging in Heels on Crypto
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 dangerous fraudsters.
Biden vows to hold those responsible for SVB, Signature collapse
US President Joe Biden on Twitter said he is “firmly committed” to holding those responsible for the Silicon Valley Bank and Signature Bank collapse “fully accountable.”
Silvergate downfall sparks debate over whose fault it actually was
The demise of the crypto-friendly bank has prompted discussion about who tipped the first domino, and where crypto firms can turn for their banking needs.
US Senate banking chair floats possibility of banning crypto
Despite suggesting a possible ban, U.S. Senator Sherrod Brown stated it would be “very difficult” to do so because activity “would go offshore.”
US Senators Float Bill Requiring Congressional Watchdog 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.
The Overton Window Opens for a Digital Dollar
As the federal government looks for ways to distribute coronavirus aid, support for a digital dollar is gaining steam in Washington D.C.
US Lawmakers Call on Communications Regulator to Tackle SIM-Swapping Crime
Democrat lawmakers are demanding that the FCC takes action to tackle the rise in SIM swapping attacks.
Halt Libra? US Lawmakers Call for Hearings on Facebook’s Crypto
House Financial Services Committee Chair Maxine Waters asked Facebook to halt development of its Libra crypto until hearings can be held.