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United States Republican Senator Cynthia Lummis of Wyoming held a fireside chat with the founder and CEO of the Chamber of Digital Commerce, Perianne Boring, during the Bitcoin 2023 event in Miami on May 19.The topics of discussion were the importance of Bitcoin (BTC) to U.S. national and energy security and
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Louisiana Republican senator John Kennedy recently stated in an interview published on Wednesday that the U.S. Federal Reserve may need to increase the federal funds rate to 8-10% to address the country’s inflationary pressures. Kennedy’s remarks come after he criticized the Biden administration in mid-March for bailing out Silicon Valley
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U.S. Senator Rand Paul has warned that the U.S. dollar could lose its status as a global reserve currency. “For a variety of reasons, both foreign policy as well as fiscal irresponsibility, yes, the dollar is in a precarious position,” said the lawmaker. Senator Rand Paul on U.S. Dollar Losing Reserve
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In a congressional hearing, White House economist Jared Bernstein says there’s “some evidence” that China wants the U.S. dollar to lose its status as the world’s reserve currency. However, U.S. Senator Bill Hagerty stressed that the biggest threat to the USD dominance comes from within. China Wants to See U.S. Dollar
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A growing coordinated attack against bitcoin (BTC) and the wider cryptocurrency industry has recently intensified, with U.S. Senator Elizabeth Warren (D-Mass.) expressing hostility towards digital assets. Key stakeholders in the industry, however, have been inadvertently providing ammunition to detractors by engaging in activities that raise ethical and legal concerns. Crypto growing
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A new bill has been introduced to the Australian parliament proposing regulations for the provision of cryptocurrency services in the country.Senator Andrew Bragg submitted a private senators' bill titled Digital Assets Bill 2023 to ‘protect consumers and promote investors’, which includes regulatory recommendations for stablecoins, licensing of exchanges and custody
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Republican Senator Ted Cruz has introduced a bill to block the United States Federal Reserve from launching a “direct-to-consumer” central bank digital currency (CBDC).In a March 21 statement, Cruz said he introduced the bill to prevent the Fed from developing a retail CBDC “which could be used as a financial
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So it's more robust, I would say. [The legislation has] been on a diet and it's been on exercise, so it's meatier and a little shorter, but we also have tried to address some issues that we think are important to address. From the original bill where we were proposing
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U.S. Senator Elizabeth Warren has called for a “thorough, independent investigation of the causes” that led to the failure of Silicon Valley Bank (SVB) and Signature Bank. She alleges that Federal Reserve Chairman Jerome Powell “bears direct responsibility” for regulatory and supervisory issues involving the two banks. Senator Elizabeth Warren Calls
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Massachusetts Senator Elizabeth Warren, one of the more prominent anti-crypto voices in the United States Congress, has called on Jerome Powell to recuse himself amid an internal probe at the Federal Reserve.Speaking to reporters in Washington D.C. on March 15, Warren said Powell had led “the de-regulatory movement” at the
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