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Senator pressures OCC nominee over missing Marxism thesis from Moscow Uni

“I don’t think I’ve ever seen a more radical choice for any regulatory spot in our federal government,” said Senator Pat Toomey. Pat Toomey, a Republican member of the US Senate Banking Committee, is attempting to pressure the nominee to head the Office of the Comptroller of the Currency (OCC) into handing over her 1989 university honors thesis about Karl Marx.The Biden administration formally nominated Kazakh-born attorney Saule Omarova — who has been characterized by critics as both anti-bank and anti-crypto — to head the financial regulator on Sept.

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US Senators Introduce New Bill To Trace Foreign Crypto Mining Activity

The US Senate is putting legislation in place that will compel the Secretary of the Treasury to submit a report to Congress on cryptocurrencies and their usage across the globe.

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US Senate candidate to accept BTC donations after floating strategic reserve idea

The trade war between the United States and China, the world's biggest economic powers, has been waging for years.

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Messari Founder Ryan Selkis Announces Senate Run for 2024 — ‘Enough Talk’

Ryan Selkis, the founder of Messari, a cryptocurrency research company, has announced he will be running for the US Senate in 2024.

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Ripple's Brad Garlinghouse Maintains SEC Chair's Stance on Crypto is Not Clear

Ripple CEO Brad Garlinghouse has maintained that the SEC boss did not clarify crypto laws at his hearing with the US Senate.

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US Senator Warren Presses SEC to Address Crypto Exchange Outages, High Transaction Fees, Financial Inclusion

At the US Senate Banking Committee hearing Tuesday, Senator Elizabeth Warren called on the chairman of the Securities and Exchange Commission (SEC), Gary Gensler, to increase oversight of cryptocurrency.

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President Biden announces picks to fill CFTC vacancies

All CFTC nominations must be confirmed by the US Senate in a simple majority vote. US President Joe Biden has tapped acting chairperson of the Commodity Futures Trading Commission Rostin Behnam to assume his position on a permanent basis, as well as two others to fill vacant commissioner seats.In a Monday announcement from the White House, President Biden said he planned to nominate Behnam — who has been serving as lead at the Commodity Futures Trading Commission, or CFTC, since former chair Heath Tarbert left in January — in addition to Kristin Johnson and Christy Goldsmith Romero.

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SEC Chief May be Gunning for Crypto Exchanges and Altcoins

> and ethereum (ETH) exclusively.Gensler is set to appear before the US Senate Committee on Banking, Housing, and Urban Affairs today, ahead of which his

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$1.2 Trillion Infrastructure Bill Passes Senate With Troubling Crypto Requirements

The US Senate has passed the $1.2 trillion infrastructure bill with a crypto reporting requirement provision that has been described as “unworkable.” Senator Ted Cruz warned: “This infrastructure bill has in it a portion that is designed to obliterate crypto.

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Infrastructure bill passes US Senate — without clarification on crypto

"This legislation imposes a badly flawed, and in some cases unworkable, cryptocurrency tax reporting mandate that threatens future technological innovation,” said Senator Toomey. The fight for lawmakers to clear up the language used to define brokers in the crypto space may be moving to the United States House of Representatives soon after a failed attempt in the Senate.In a 69-30 vote, the Senate passed HR 3684 this morning, a bipartisan bill that proposes roughly $1 trillion in funding for roads, bridges and major infrastructure projects.

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US Senate Passes Infrastructure Bill

The US Senate passed a USD 550bn infrastructure plan with the original crypto tax provision.

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US Senate Vote in Favor of Amendment That Threatens Crypto Industry

The US Senate has adopted an amendment to President Biden’s infrastructure bill that spells bad news for the crypto industry.

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New Bitcoin Tax Plan Stifles Blockchain Technology

After a fierce debate exploded over how to tax cryptocurrency, a bid to pass an infrastructure bill worth approximately $1 trillion has stalled in the US senate.

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Yellen's Treasury Behind Anti-Crypto Tax Provision in Senate Bill: Report

Janet Yellen reportedly influenced a debate in the US Senate over crypto taxation as part of a push by Treasury to crack down on crypto.

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Lead Republican behind infrastructure bill negotiations supports crypto amendment

The senator's stance is somewhat surprising given he has previously called the section on brokers in the proposed bill a “common-sense provision.” Senator Rob Portman, one of the lead Republican voices for negotiations over an infrastructure bill in the US Senate, said he supports an amendment clarifying the intent of a cryptocurrency provision.In a Tweet today, Portman encouraged his colleagues in the Senate to vote on an amendment proposed this week by Ron Wyden, Cynthia Lummis, and Pat Toomey which suggests striking the definition of brokers in the infrastructure bill to no longer include developers, miners, or blockchain firms in the crypto space.

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US Senate Proposes Amendment to the Controversial Infrastructure Bill to Redefine Crypto Broker Clause

Three pro-crypto US Senators are proposing an amendment to the controversial infrastructure bill with clauses on crypto brokers redefined (Read More)

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Three US Senators propose narrowing crypto tax language in infrastructure bill

“While Congress works to better understand and legislate on issues surrounding the development and transaction of cryptocurrencies, it should be wary of imposing burdensome regulations that may stifle innovation,” said Senator Pat Toomey. Lawmakers have written an amendment to an infrastructure bill in the US Senate which proposes excluding certain crypto companies from the reporting requirements for brokers.In an amendment from Oregon Senator Ron Wyden on behalf of himself and Wyoming Senator Cynthia Lummis and with the support of Pennsylvania Senator Pat Toomey, the US lawmakers suggested that some of the provisions in the bipartisan infrastructure deal not apply to developers in the crypto space, miners, and blockchain firms.

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US Infrastructure Bill Hurts Privacy, Innovation & Decentralization - EFF

Source: Adobe/DEN_EFC The US Senate draft of President Joe Biden's infrastructure bill "contains a poorly crafted provision that could create new surveillance requirements for many within the blockchain ecosystem" - potentially including developers and other entities who do not control digital assets on behalf of users, according to Rainey Reitman, Chief Program Officer for the

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Western nations need better public-private cooperation on crypto, says Mohamed El-Erian

The famous economist has warned that western nations risk losing out to China in the emerging digital economy if they continue to be dismissive of crypto. Mohamed El-Erian, chief economic advisor at Allianz, has called for greater cooperation between western governments and crypto businesses to better leverage the benefits of the ongoing cryptocurrency revolution.In an article published in the Financial Times on Thursday, the famous economist highlighted China’s unified approach to dealing with crypto and blockchain as against the fragmented handling of the novel tech in the United States and Europe.As part of the article, El-Erian called on western governments to adopt a less dismissive stance on crypto and be more open to embracing the innovations coming out of the cryptocurrency space especially in the financial sector.El-Erian characterized the debates among policymakers in the US and Europe as being narrow-minded especially when put in the context of the greater issues at play concerning cryptocurrencies.According to the Allianz executive, failure of the west to keep up with Beijing’s accelerated development of its digital economy could have significant implications beyond global finance and into the geopolitical sphere.El-Erian suggested a more cooperative approach that balances the policy discomforts of governments and central bankers with the desire by the private sector to pursue digital finance innovations via cryptocurrencies.Related: Law professor calls for crypto mining regulation during US Senate hearingThe Allianz executive enjoined all stakeholders — both public and private — to take the necessary steps needed to create the required synergistic interaction necessary for embracing the ongoing crypto revolution.

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Law professor calls for crypto mining regulation during US Senate hearing

The St. Mary’s University School of Law professor called for more scrutiny on the activities of miners, especially regarding their role in transaction ordering on the blockchain. Tuesday’s crypto hearing before the United States Senate Committee on Banking, Housing and Urban Affairs also included a call for stricter regulations on cryptocurrency miners.Addressing the committee, professor Angela Walch claimed that miners held “meaningful power” over the way blockchain networks operate.

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Bank of America, Citigroup, Wells Fargo Unveil Their Cryptocurrency Policies

Bank of America, Citigroup, and Wells Fargo have shared their policies regarding cryptocurrency before the US Senate banking committee.

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Banks cautious about crypto ahead of COVID-19 testimony before US Senate

CEOs of major American banking institutions are heading to Washington to face legislators' questions about how they will aid a post-pandemic economic recovery. Major Wall Street bank executives will appear before the United States Senate Banking Committee on Wednesday to discuss the role of their financial institutions in the recovery of the American economy.Democratic lawmakers plan to grill a number of major bank execs, whose firms saw record profits during the COVID-19 pandemic while average Americans struggled to make ends meet. In prepared testimonies posted on Tuesday, CEOs at the Bank of America, Citigroup and Wells Fargo described their respective banks' responses to major challenges such as inequality, diversity, climate change, taxes, as well as how their banks handle cryptocurrencies. This year saw a record bull run in cryptocurrency markets as major financial institutions opened up to digital assets, adding trading desks and custody wings to handle client interests in major cryptos like Bitcoin (BTC).In his testimony, Bank of America CEO Brian Moynihan said that the bank is continuing to evaluate the benefits, risks and client demand for crypto-related products and services.

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US Senate votes to confirm Gary Gensler as SEC chair

Gensler's confirmation comes almost three months after President Joe Biden first announced he was his pick for the SEC. Voting mostly along party lines, the US Senate confirmed the nomination of Gary Gensler to chair the Securities and Exchange Commission, or SEC. In a vote of 53-45 today, the Senate members confirmed the former chair of the Commodity Futures Trading Commission, or CFTC, to lead the Securities and Exchange Commission.

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Top 5 cryptocurrencies to watch this week: BTC, UNI, THETA, VET, LUNA

A bullish technical pattern signals that Bitcoin may be gearing up to retest its all-time high and this positive development is pushing UNI, THETA, VET and LUNA higher. Bitcoin’s (BTC) fundamentals received a boost as the US Senate passed the $1.9 trillion stimulus bill on March 7.

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Bitcoin price hits $51K as US Senate passes $1.9 trillion stimulus

Bitcoin reaches $51,000 as the US Senate greenlights $1,400 "stimmy" checks for Americans.

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US Senate Bill Re-Introduces Suspicious Activity Reports for Social Media

The bill would create “suspicious transmission activity reports” for tech platforms.

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Bitcoin and Crypto Advocate Appointed to Powerful US Senate Banking Committee

Noted Bitcoin and crypto advocate US Senator Cynthia Lummis (R-WY) is now on a highly influential Senate committee that oversees the nation’s banking regulations.

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US Senate Banking Committee Now Has A Bitcoiner + More News

Cynthia Lummis. Source: Twitter/@CynthiaMLummis Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Regulation news A Bitcoin (BTC) supporter US Senator Cynthia Lummis is now serving on the US Senate Banking Committee, among others.

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Pro Bitcoin Senator Cynthia Lummis Is Now on the Senate Banking Committee

Senator Cynthia Lummis, also known for being a Bitcoin advocate, will be serving on the US Senate Banking Committee.

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Treasury Secretary nominee says crypto has potential to improve the financial system

Janet Yellen added that she planned to encourage the use of digital assets for “legitimate activities.” US President Joe Biden's pick for Treasury Secretary Janet Yellen may see more benefits to cryptocurrency than her previous testimony indicated. After a virtual hearing of the US Senate Finance Committee held on Tuesday, Yellen hit the headlines for her answer to Democratic Senator Maggie Hassan’s question about how she would respond to “emerging financial technology” being used to fund criminal organizations and terrorists.

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Janet Yellen Offers US Senate a More Nuanced Take on Crypto

“I think we need to look closely at how to encourage their use for legitimate activities while curtailing their use for malign and illegal activities,” Janet Yellen wrote.

Coindesk - 21st Jan 22:01 - Regulation, Treasury Department, Janet Yellen, Senate, Us, US Senate, Yellen, JANET YELLEN

Biden's Treasury Secretary nominee calls cryptocurrencies a 'particular concern' for AML

Janet Yellen claimed many cryptocurrencies are used "mainly for illicit financing." Janet Yellen, a former leader at the Federal Reserve and Joe Biden's pick for Treasury Secretary, is still suspicious of crypto as a threat for illicit financing. In a virtual hearing of the US Senate Finance Committee held today, Yellen faced questions on combating the financing of terrorism, or CFT, from Democratic Senator Maggie Hassan from New Hampshire.

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What Georgia’s Elections Mean for Bitcoin

As the Democrats appear to be headed to victory, how does their new US Senate majority impact markets as a whole and bitcoin more specifically?

Coindesk - 6th Jan 20:01 - Bitcoin, Senate, Kelly Loeffler, Raphael Warnock, Markets, Democrats, Elections, Us, The, US Senate

Kimchi Spreads, ‘Rat Poison,’ Shape Shifts: What You Need to Know in Crypto Today

Bitcoin hit a fresh all-time high above $35,000 while former Bakkt CEO Kelly Loeffler lost her US Senate seat.

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US Senator Cynthia Lummis to Ensure Congress Understands Bitcoin Is a ‘Great Store of Value’

Bitcoiner Cynthia Lummis has been elected to the US Senate.

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Trump to Nominate Former Coinbase Exec. Brooks to Head OCC

If his nomination goes through the US Senate, Brian Brooks will serve a five-year term as Comptroller of the Currency.

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Cynthia Lummis, Wyoming’s Incoming Senator, Wants to Explain Bitcoin to Congress

Cynthia Lummis, who won an open US Senate seat in Wyoming, wants to explain bitcoin's value to her new colleagues.

Coindesk - 17th Nov 22:11 - US Senate, US Elections, Cynthia Lummis, Bitcoin, Senate, Wyoming, Us, Value