Banks Shouldn’t ‘Punish’ Crypto Industry, Republican Senators Urge
A crackdown on digital assets companies is reminiscent of “choke point” targeting of gun sales, Fed Governor Jerome Powell was told. Source
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Senators
US Senators Say New Crypto Bill Will Be Available in April
US senators Kirsten Gillibrand and Cynthia Lummis will release a new draft of the bipartisan crypto bill in April. Gillibrand revealed the plan for the new draft while speaking at the Senate Agriculture Committee hearing on March 8. The event was held to discuss the Commodity Futures Trading Commission (CFTC) oversight.
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Fears over Silvergate, $8B hole at FTX, senators seek Binance’s numbers: Hodler’s Digest, Feb. 26 – March 4
Delay in Silvergate’s financials sparks fears over bankruptcy, FTX reports
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Senators renew call for EPA investigation of crypto mining emissions data
United States Senator Edward Markey and Representative Jared Huffman announced March 3 that they would reintroduce the Crypto-Asset Environmental Transparency Act in Congress. The move comes ahead of a Senate hearing on the environmental impact of crypto mining, which Markey will chair on March 7.Markey and Huffman first introduced the
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US Senators Probe Crypto Exchange Binance About ‘Potentially Illegal Business Practices’ – Regulation Bitcoin News
Three U.S. senators have asked crypto exchanges Binance and Binance US for documents and answers pertaining to “potentially illegal business practices.” The lawmakers told Binance CEO Changpeng Zhao (CZ): “Your actions have called into question the legitimacy of your business and the safety of your customers’ assets.” U.S. Lawmakers Probe Binance U.S.
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Crypto Exchange Binance a ‘Hotbed of Illegal Financial Activity,’ U.S. Senators Claim
The letter, from Sens. Elizabeth Warren (D-Mass.), Chris Van Hollen (D-Md.) and Roger Marshall (R-Kansas) said that Binance and related entities "have purposefully evaded regulators, moved assets to criminals and sanctions evaders and hidden basic financial information from its customers and the public," the Journal reported. Original Source
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US Senators Press Crypto Bank Silvergate on Ties to FTX: Bloomberg
In a letter sent to Silvergate on Monday that was viewed by Bloomberg, the senators asked Silvergate about its connections to the collapsed crypto exchange, saying the firm’s previous responses to similar questions in December were “evasive and incomplete.” Source
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US Senator’s Resolution Encourages Capitol Gift Shops to Accept Cryptocurrency – Regulation Bitcoin News
A U.S. lawmaker has introduced a resolution that encourages Capitol gift shops to accept cryptocurrency payments. He stressed that lawmakers “should increase accessibility and signal our support for the burgeoning cryptocurrency industry to those who visit Capitol Hill.” US Senator Advocates Crypto Payments U.S. Senator Ted Cruz (R-TX) announced Thursday that he
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Judge slams senators’ letter against FTX lawyers as ‘inappropriate’
FTX’s bankruptcy judge has reportedly slammed the joint letter from four United States senators calling for an independent examiner in the FTX bankruptcy case.As reported by Cointelegraph, the senators sent a letter on Jan. 9 highlighting concerns about the ties between FTX and their legal representative, Sullivan & Cromwell LLP.
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Letter From US Senators 'Inappropriate,' Won’t Sway Me, FTX Bankruptcy Judge Says
Judge John Dorsey didn't seem impressed at the bipartisan communication from Elizabeth Warren and Cynthia Lummis Source
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