senate banking-committee

CDCROP: Committee chairman Sen. Sherrod Brown (D-OH) listens during a Senate Banking, Housing, and Urban Affairs Committee hearing on Capitol Hill September 22, 2022 in Washington, DC. (Drew Angerer/Getty Images)
After Months at Arm’s Length, Sen. Brown Opens Door for Crypto Legislation
The chairman of the Senate Banking Committee – the missing ingredient in previous efforts – has invited Treasury Secretary Janet Yellen to start working with him on legislation.
CDCROP: Committee chairman Sen. Sherrod Brown (D-OH) listens during a Senate Banking, Housing, and Urban Affairs Committee hearing on Capitol Hill September 22, 2022 in Washington, DC. (Drew Angerer/Getty Images)

CDCROP: CDCROP: U.S. Senator Jack Reed (D -RI) confers with Senate Banking, Housing, and Urban Affairs Committee Chairman Sherrod Brown (D-OH) on Capitol Hill on March 3, 2022 in Washington, DC. (Jonathan Ernst-Pool/Getty Images)
US Senators Ask Bank Regulators to 'Review' SoFi's Crypto Listings
"SoFi’s digital asset activities pose significant risks to both individual investors and safety and soundness," the lawmakers said.
CDCROP: CDCROP: U.S. Senator Jack Reed (D -RI) confers with Senate Banking, Housing, and Urban Affairs Committee Chairman Sherrod Brown (D-OH) on Capitol Hill on March 3, 2022 in Washington, DC. (Jonathan Ernst-Pool/Getty Images)

CDCROP: Facebook CEO Mark Zuckerberg Testifies Before The House Financial Services Committee (Getty Images)
US Senators Press Meta Platforms CEO Mark Zuckerberg to Combat Crypto Scams
An FTC study shows 49% of crypto-related frauds originated on social media platforms like Facebook, members of the Senate Banking Committee say.
CDCROP: Facebook CEO Mark Zuckerberg Testifies Before The House Financial Services Committee (Getty Images)

CDCROP: Chairman Sherrod Brown, D-Ohio, left, and ranking member Sen. Pat Toomey, R-Pa. (Tom Williams-Pool/Getty Images)
US Senate Republican Seeking Bipartisan Support for Stablecoin Oversight Effort
The ranking Republican on the Senate Banking Committee is talking to Democrats, including Chairman Sherrod Brown, to gain broader support.
CDCROP: Chairman Sherrod Brown, D-Ohio, left, and ranking member Sen. Pat Toomey, R-Pa. (Tom Williams-Pool/Getty Images)

U.S. lawmakers are debating what the government should do about crypto mining. (Getty Images)
Republicans Seek to Counter Effort to Curtail Crypto Mining
The word of caution comes after Democrats warned a top environmental official in April about harms of digital assets mining.
U.S. lawmakers are debating what the government should do about crypto mining. (Getty Images)

Federal Reserve Vice Chair Nominee Michael Barr (Senate Banking Committee)
Fed Vice Chair Pick and Ex-Ripple Adviser Tells Senators Crypto Needs Regulation
Former U.S. Treasury official Michael Barr fielded questions about crypto during his Senate nomination hearing.
Federal Reserve Vice Chair Nominee Michael Barr (Senate Banking Committee)

Sen. Pat Toomey (R-Pa.) introduced a proposed bill to regulate asset-backed stablecoins last month. (Kevin Dietsch/Getty Images)
'Failure Should Be an Option,' US Sen. Pat Toomey Says of UST Turmoil
The Banking Committee’s top Republican doesn’t want asset-backed stablecoins tarnished by the UST drama.
Sen. Pat Toomey (R-Pa.) introduced a proposed bill to regulate asset-backed stablecoins last month. (Kevin Dietsch/Getty Images)

Treasury Secretary Janet Yellen highlighted the difficulties of UST during a Senate Banking Committee hearing on risks to the financial system. (Elizabeth Frantz-Pool/Getty Images)
UST Woes Draw Spotlight in Janet Yellen's Senate Hearing on Financial Risks
Treasury Secretary Janet Yellen highlights latest news on UST algorithmic stablecoin losing its dollar peg during Senate Banking Committee hearing.
Treasury Secretary Janet Yellen highlighted the difficulties of UST during a Senate Banking Committee hearing on risks to the financial system. (Elizabeth Frantz-Pool/Getty Images)

U.S. Sen. Patrick Toomey introduced the "Stablecoin TRUST Act" on Wednesday. (Jonathan Ernst-Pool/Getty Images)
Top US Lawmaker Proposes Sweeping Stablecoin Regulation Framework
The Stablecoin TRUST Act would give stablecoin issuers a variety of regulatory regimes to abide by, but enforce disclosure and redemption requirements.
U.S. Sen. Patrick Toomey introduced the "Stablecoin TRUST Act" on Wednesday. (Jonathan Ernst-Pool/Getty Images)

Sen. Pat Toomey (Getty Images)
Sen. Toomey Sounds Warning About China’s Digital Yuan as Olympics Start
The country is using the Winter Olympics in Beijing as an international test of its central bank digital currency (CBDC).
Sen. Pat Toomey (Getty Images)