Senate Banking Committee

Sen Warren Calls DeFi the ‘Most Dangerous’ Part of Crypto at Senate Hearing
Sen Warren Calls DeFi the ‘Most Dangerous’ Part of Crypto at Senate Hearing
December 14, 2021  |  Cryptocurrency

One of the biggest moments at the Senate Banking Committee’s stablecoin hearing Tuesday (Dec. 14) was a declaration by Sen. Elizabeth Warren (D-Mass.) that decentralized...

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Today In Payments: Big Banks Express Caution Over Crypto; Amazon Reportedly Interested In Physical Pharmacies
Today In Payments: Big Banks Express Caution Over Crypto; Amazon Reportedly Interested In Physical Pharmacies
May 27, 2021  |  News

In today’s top news, executives from the biggest U.S. banks warned the Senate of the volatility of cryptocurrencies, and Amazon is reportedly looking into starting...

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Mnuchin, Powell Testify CARES Is Working
Mnuchin, Powell Testify CARES Is Working
May 19, 2020  |  Economy

In a joint appearance before the Senate Banking Committee, Federal Reserve Board Chairman Jerome Powell and Treasury Secretary Steven Mnuchin praised the $2 trillion CARES...

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Senate Hearing Focuses On Need For Crypto Oversight
Senate Hearing Focuses On Need For Crypto Oversight
July 30, 2019  |  Cryptocurrency

In crypto, only a few trust? Maybe not — not, at least, with a hefty amount of regulatory oversight. In a hearing titled “Examining Regulatory...

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Senate Grills Facebook’s Marcus Over Libra
Senate Grills Facebook’s Marcus Over Libra
July 17, 2019  |  Cryptocurrency

There were many questions, many comments, a few evasions and about the expected amount of histrionic blustering on display when David Marcus, Facebook’s head of...

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Marcus: Facebook’s Libra To Be Regulated By Swiss Gov’t
Marcus: Facebook’s Libra To Be Regulated By Swiss Gov’t
July 15, 2019  |  Cryptocurrency

David Marcus, the head of Facebook’s blockchain department and the face of its proposed cryptocurrency Libra, has released his congressional testimony ahead of a scheduled...

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Facebook To Get Senate Panel Scrutiny Over Libra Project
Facebook To Get Senate Panel Scrutiny Over Libra Project
June 20, 2019  |  Regulation

Libra, the global cryptocurrency effort tied to Facebook, will be the focus of a Senate panel hearing next month, Reuters reported. The U.S. Senate Banking...

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Regulators, Lawmakers Press Facebook For Answers On Libra
Regulators, Lawmakers Press Facebook For Answers On Libra
June 20, 2019  |  Cryptocurrency

News of the launch of Facebook cryptocurrency Libra has highlighted how the U.S. government will respond to the introduction of new digital currencies. The Wall...

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Trump CFPB Pick Questioned On Consumer Finance Experience
Trump CFPB Pick Questioned On Consumer Finance Experience
July 20, 2018  |  CFPB

President Donald Trump’s pick to lead the Consumer Financial Protection Bureau (CFPB) held her own during intense questioning by Democratic Senators on Thursday (July 19)....

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