Senate

Fed's Powell: No Decision yet on Size of March Rate Hike

U.S. Federal Reserve Chairman Jerome Powell stressed that the central bank has yet to decide on the size of the rate hike when the Federal Open Market Committee (FOMC) meets l...

By CoinDesk Inc

Mar 8, 2023 at 4:49 p.m. UTC

Mar 8, 2023

Federal ReserveJerome PowellHouse Financial Services CommitteeSenateFOMCCentral Bank

Policy

Binance

Binance a 'Hotbed of Illegal Financial Activity,' U.S. Senators Claim

Three lawmakers are pressing the crypto exchange on allegations it sought to limit compliance.

By Jack Schickler

Mar 2, 2023 at 1:23 p.m. UTC

Mar 2, 2023

BinanceElizabeth WarrenSenateChangpeng "CZ" Zhao

Former U.S. Deputy National Security Advisor Daleep Singh (Drew Angerer/Getty Images)

Policy

Regulations

Ex-Biden Adviser Said Administration Was Pushing for Digital Dollar

As the crypto industry awaits a U.S. government decision on whether to issue a central bank digital currency, a former economic official said it was working toward that end.

By Jesse Hamilton

Feb 28, 2023 at 11:22 p.m. UTC

Feb 28, 2023

RegulationsSenateSenate Banking CommitteeWhite HouseBiden AdministrationCBDC

The Washington Monument, Washington, D.C. (ANDREY DENISYUK/GettyImages)

Finance

Crypto long & short

Washington Plays Tennis With Crypto

If digital asset regulation is drifting into partisan waters, that’s bad for all involved.

By Glenn Williams Nick Baker Jodie Gunzberg

Feb 22, 2023 at 4:30 p.m. UTC

Feb 22, 2023

Crypto Long & ShortOpinionNewslettersWashington, DCSenateRegulationPolicyGary GenslerCrypto ExchangeBitcoin PriceBitcoinCMICoindesk market indexSECDigital asset classification standardDACS

Policy

Republicans Plan to Reintroduce Legislation to Prevent Crypto Restrictions in 401(k): Politico

The legislation will be introduced in the House by Rep. Byron Donalds (R-Fla), the report said.

By Parikshit Mishra

Feb 15, 2023 at 1:35 p.m. UTC

Feb 15, 2023

US401(k)CryptoSenateFidelity

FTX founder Sam Bankman-Fried (Michael M. Santiago/Getty Images)

Policy

Regulations

FTX Money Backed US Lawmakers With Future of Crypto in Their Hands

The campaigns of 38% of those on the four most important committees, including key leaders, got money from former CEO Sam Bankman-Fried and other executives, according to Fede...

By Jesse Hamilton

Feb 6, 2023 at 7:27 p.m. UTC

Feb 6, 2023

RegulationsFTX CollapseFTXPolitical CampaignsDonationsSenate Agriculture CommitteeSenateHouse Financial Services CommitteeCongressUS

The U.S. Capitol in Washington, D.C. (Jesse Hamilton/CoinDesk)

Policy

Regulations

US Senate Banking Committee to Hold ‘Crypto Crash’ Hearing This Month

Committee Chairman Sherrod Brown announced the hearing on digital assets safeguards for Feb. 14.

By Jesse Hamilton

Feb 3, 2023 at 2:55 p.m. UTC

Feb 3, 2023

RegulationsCongressSenatehearingSenate Banking Committee

FTX bankruptcy court Judge John Dorsey (Zoom screenshot)

Policy

Regulations

Letter From US Senators 'Inappropriate,' Won’t Sway Me, FTX Bankruptcy Judge Says

Judge John Dorsey didn't seem impressed by the bipartisan communication from Elizabeth Warren, Cynthia Lummis and two other senators.

By Jack Schickler

Jan 11, 2023 at 2:27 p.m. UTC

Jan 11, 2023

RegulationsFTX CollapseBankruptcySenateUS

Sen. Pat Toomey (Anna Moneymaker/Getty Images)

Policy

Regulations

One of Crypto’s Favorite US Senators Drops Swan-Song Bill on Eve of Retirement

Sen. Pat Toomey introduced a bill in the final days of the congressional session that he said he hopes will act as a guide for stablecoin legislation next year.

By Jesse Hamilton

Dec 21, 2022 at 10:03 p.m. UTC

Dec 21, 2022

Regulationsstablecoin billStablecoinCBDCSenate Banking CommitteeSenateUS Congress

Sen. Sherrod Brown, chairman of the Senate Banking Committee (Drew Angerer/Getty Images)

Policy

Regulations

FTX Hearing in US Senate Reveals Congress Doesn’t Have Immediate Answers

As the crypto industry’s epic disaster continues to unfold with a criminal case and regulatory actions, U.S. senators didn’t find any clear path during a Wednesday hearing.

By Jesse Hamilton

Dec 14, 2022 at 7:55 p.m. UTC

Dec 14, 2022

RegulationsSenateSenate Banking CommitteeFTXFTX CollapseUSCongress