senate banking committee – DIGIT INFO

Warren, Deaton spar over crypto in first debate for US Senate seat

DIGIT — Wed, 16 Oct 2024 06:25:23 +0000

John Deaton, a Republican candidate for Massachusetts’ US Senate seat, slammed incumbent Senator Elizabeth Warren for building an “anti-crypto army” in their first debate.

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Senators slam bank execs for blaming collapses on crypto, pocketing millions

DIGIT — Wed, 17 May 2023 06:08:38 +0000

Senator Lummis noted that Signature Bank’s Scott Shay mentioned digital assets 10 times in his testimony about the bank’s collapse.

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White House Economist Warns China Wants to Weaken US Dollar’s Reserve Currency Status — Senator Says Biggest Threat Comes From Within

DIGIT — Sat, 22 Apr 2023 04:20:09 +0000

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 Losing World’s Reserve Currency […]

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Senate Banking Committee Holds Hearing on Recent Bank Collapses, Calls for Tougher Regulations

DIGIT — Wed, 29 Mar 2023 23:19:56 +0000

On Tuesday, the U.S. Senate Committee on Banking, Housing, and Urban Affairs, also known as the Senate Banking Committee, held a hearing to discuss the recent bank collapses in the United States and the regulatory response. Throughout the testimonies, digital assets and crypto businesses were mentioned. Senate Banking Committee chairman Sherrod Brown claimed on Tuesday […]

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Sen. Warren vows reintroduction of AML bill that extends to DAOs and DeFi

DIGIT — Wed, 15 Feb 2023 06:39:00 +0000

While the Senator did not expand on other details of the upcoming bill, she suggested that DeFi should not be exempt from AML laws.

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US Senator: There’s ‘no reason why’ crypto should exist

DIGIT — Mon, 12 Dec 2022 03:45:00 +0000

Senator Tester is one of many Democratic senators slamming crypto of late, arguing that as the sector is backed by nothing, and provides nothing, thus there’s “no reason” why it should exist.

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Fed Chair Says US Inflation ‘More Enduring Than Anticipated’ — Strategist Predicts 10% Market Correction

DIGIT — Wed, 29 Sep 2021 17:00:04 +0000

Americans are not only worried about future inflation, but they are also dealing with dwindling purchasing power in real-time. Meanwhile, on Thursday, Federal Reserve chairman Jerome Powell plans to address the Senate Banking Committee and discuss inflation. In the remarks pre-published from Powell’s speech, the Fed chair noted that the recent inflation spike may last […]

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Pro-Bitcoin US Lawmaker Cynthia Lummis Joins Senate Banking Committee, Plans to Convince Janet Yellen BTC Is Great Store of Value

DIGIT — Mon, 08 Feb 2021 00:45:02 +0000

Pro-bitcoin U.S. Senator Cynthia Lummis has been appointed to the Senate banking committee. She has been talking to Janet Yellen and has outlined her plans to help the new Treasury Secretary and other U.S. lawmakers understand that bitcoin is a great store of value. Lummis says that Yellen has an open mind on this topic […]

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Fed Chair Powell Warns of ‘Unsustainable’ Budget as US National Debt Crosses $26 Trillion

DIGIT — Wed, 17 Jun 2020 18:03:30 +0000

In his testimony before the Senate banking committee, Federal Reserve Chairman Jerome Powell warned Congress that the U.S. federal budget has been on an unsustainable path for years. He added that the U.S. economy is facing a deep downturn with “significant uncertainty.” ‘Unsustainable Path’ The Federal Reserve chairman testified before the Senate banking committee on […]

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