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

Senate Banking Committee Holds Hearing on Recent Bank Collapses, Calls for Tougher RegulationsOn 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 […]

SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

Moody’s Downgrades US Banking Sector to Negative After Collapse of Three Major Banks

Moody’s Downgrades US Banking Sector to Negative After Collapse of Three Major BanksAfter the failure of three major U.S. banks last week, with two of them being the second and third largest banking failures in the country, Moody’s Investors Service has downgraded the rating of the U.S. banking system from “stable” to “negative.” As one of the “Big Three” credit rating firms, Moody’s cited a “rapid deterioration […]

SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe