Two US Senators are writing a bipartisan letter to federal agencies about the potential use of crypto assets by child abusers. According to a new press release, Senator Elizabeth Warren, a Democrat from Massachusetts, and Senator Bill Cassidy, a Republican from Louisiana, say in the letter that digital assets are the “payment of choice” for […]
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A nonprofit crypto advocacy group says that a stablecoin bill proposed earlier this week by two US senators would violate free speech rights. In a new article, Coin Center says that the bipartisan stablecoin bill – proposed by Republican Senator Cynthia Lummis of Wyoming and Democrat Senator Kirsten Gillibrand of New York – is unconstitutional […]
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Two US Senators are reportedly looking to introduce new stablecoin regulations sometime this week or next. According to a new report by Forbes, Senators Kirsten Gillibrand, a Democrat from New York, and Cynthia Lummis, a pro-crypto Republican from Wyoming, announced earlier this week that they together will be introducing new stablecoin regulations. As stated by […]
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Two U.S. senators have urged U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler to refrain from approving additional crypto exchange-traded fund (ETF) applications. The lawmakers cautioned: “However vulnerable bitcoin may be to fraud and manipulation, markets for other cryptocurrencies are far more exposed to misconduct.” Lawmakers Say SEC Should Not Approve Spot Crypto ETFs […]
The CBDC Anti-Surveillance State Act has been reintroduced in the Senate with the support of five U.S. senators. “As Americans face the prospect of an increasingly weaponized government, ensuring financial privacy is pivotal,” said one senator who supports the bill. A central bank digital currency (CBDC) “would open the door for the federal government to […]
The Chair of the U.S. Securities and Exchange Commission (SEC) says that the Federal Bureau of Investigation (FBI) and Homeland Security are looking into last week’s hack of the regulatory body’s X account. In a new statement, SEC Chairman Gary Gensler says that the law enforcement agencies are now involved in the investigation of last […]
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A prominent banking trade association is helping author Senator Elizabeth Warren’s Digital Asset Anti-Money Laundering Act. In a new announcement, Republican Senator Roger Marshall of Kansas, who co-sponsors the bill with Warren, says the American Bankers Association (ABA) had a hand in shaping the potential crypto legislation, which aims to force the crypto industry to […]
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Four US Senators are targeting digital assets in a new bipartisan bill that aims to enforce sanctions against foreign parties that transact with terrorist organizations. According to a new press release, Republican Senators Mitt Romney of Utah and Mike Rounds of South Dakota are teaming up with Democrats Mike Warner of Virginia and Jack Reed […]
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Two US Senators are reportedly asking the Department of Justice (DOJ) to investigate crypto exchange Binance for allegedly lying to Congress. According to a new report by Reuters, Democratic Senators Elizabeth Warren of Massachusetts and Chris Van Hollen of Maryland recently penned a letter to the DOJ claiming that Binance, the largest crypto exchange platform […]
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After Silvergate Bank announced its voluntary liquidation, U.S. senator Elizabeth Warren is attributing the financial institution’s downfall to “crypto risk.” According to Warren, she had previously warned about Silvergate. However, some critics are dismissing Warren’s opinion as “terribly misinformed” and claim that she is “tossing out egregious accusations.” Crypto Proponents Offer Different Perspectives on Silvergate […]