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

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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US Senator Toomey introduces stablecoin bill as congressional session wraps up

The soon-to-retire senator introduced the new stablecoin bill only a few weeks before the end of the 117th US congressional session.

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US Republican lawmakers call on Treasury to explain recent cyber breach

Two congressional Republicans are calling for a briefing from the Treasury Department about the recent cyber breach by an alleged China-backed hacker.

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Rep. Senator Cynthia Lummis selected to chair crypto subcommittee

Republican Wyoming Senator Cynthia Lummis has been picked to chair the crypto subcommittee Lummis, a crypto advocate, filed the Bitcoin Act of 2024 bill last month Other Republican members of the crypto subcommittee include Senators Bernie Moreno from Ohio, Dave McCormick from Pennsylvania, Thom Tillis from North Carolina and Bill Hagerty from Tennessee The US […]

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