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 later in March. Testifying before the House Financial Services Committee for his semi-annual monetary policy report on Wednesday, Powell made a notable change from Tuesday's Senate testimony in his prepared remarks.
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.
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.
Washington Plays Tennis With Crypto
If digital asset regulation is drifting into partisan waters, that’s bad for all involved.
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.
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 Federal Election Commission records.
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.
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.
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.
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.
