Tagged: elizabeth warren

Two US Senators Question Fidelity’s Move to Allow Bitcoin in 401Ks

Senator Elizabeth Warren 2

Senator Elizabeth Warren and Senator Tina Smith have sent a letter to Abigail Johnson, CEO of Fidelity Investments, taking her to task for allowing investors to include Bitcoin in their retirement accounts. Late last month, Fidelity announced the move claiming its workplace Digital Assets Account… Read More

Senator Elizabeth Warren Introduces Bill to Crack Down on Russians Using Crypto to Evade Sanctions

Senator Elizabeth Warren

Yesterday, Senator Elizabeth Warren, along with several other Democrat Senators, introduced legislation that is designed to crack down on Russian “Elites” or oligarchs, who may utilize crypto to evade the economic sanctions that have been applied by many countries around the world. The Digital Asset… Read More

Binance States that it Follows Rules on Sanctions Against Russia: Crypto is “too traceable”

Valdimir Putin

There has been a fair amount of discussion regarding Russia using crypto to evade sanctions. First, crypto as a market is simply too small to be an effective tool for the Russian government to utilize it to mitigate the full impact of the economic blockade…. Read More

Here is the Letter Senate and House Democrats Sent to Crypto Mining Firms

Elizabeth Warren Senate Hearing 2017

Last week, several Senate and House Democrats sent a letter to established crypto miners.  The letter queried miners on the negative impact on the climate due to high energy usage caused by mining crypto, like Bitcoin. The letter was signed by Senators Elizabeth Warren, Sheldon… Read More

Senate Banking Committee Hearing on Stablecoins. What Did We Learn?

Senator Sherrod Brown 12.14.21

Following the House Financial Services Committee hearing on cryptocurrency last week, the Senate Banking Committee held a related hearing to discuss the stablecoin market. Entitled Stablecoins: How Do They Work, How Are They Used, and What Are Their Risks?, the Senate Banking Committee had a single… Read More

Senate Democrats Tell CFPB to “Take Action” Regarding BNPL

Find Search Seek Money Magnify Scrutiny Dollar

Buy now, pay later, services may be receiving more scrutiny if several Senate Democrats have their way. Yesterday, Senators Jack Reed, Sherrod Brown, Elizabeth Warren, Chris Van Hollen, Tina Smith, and Jon Ossoff, sent a letter to the Consumer Financial Protection Bureau (CFPB) urging Director… Read More

Jerome Powell Re-Nominated as Chair of Federal Reserve

Jerome Powell 7.10.19

Jerome Powell has been renominated by President Joe Biden to continue on as the Chairman of the Federal Reserve. Dr. Lael Brainard was selected to serve as Vice-Chair of the Board of Governors of the Federal Reserve System. In recent days there has been much… Read More

Senate Hearing for Saule Omarova as Comptroller of the Currency Shows Challenging Path to Approval

US Capitol Senate Washington DC

  Saule Omarova testified in front of the Senate Banking Committee today and the challenging questions did not just come from Republican members as several Democrats queried the aspiring bank regulator with difficult queries as well. Omarova, a Cornell Law professor born in the former… Read More

SEC Chairman Gensler Grilled by Republicans on Senate Banking Committee, Ranking Member Toomey Supports Regulatory Clarity for Crypto

Gary Gensler 9.14.21

SEC Chairman Gary Gensler marched up to Capitol Hill yesterday to testify in front of the Senate Banking Committee in a hearing entitled “Oversight of the U.S. Securities and Exchange Commission”.  Gensler outlined his ambitions at the SEC in his prepared remarks. While Gensler received… Read More

Uniswap Under Investigation by the SEC: Report [u]

Gensler

Uniswap is under investigation by the US Securities and Exchange Commission (SEC), according to a report by Reuters. Uniswap is a DeFi leader and is said to be the largest decentralized digital asset exchange in operation. The Uniswap protocol facilitates crypto trading by utilizing smart… Read More

Fintech & Blockchain Attorney Daniel Payne Comments on Looming SEC Enforcement Actions Targeting Digital Asset Sector

William Blackstone Common Law Washington DC Legal Lawyer Justice

The enforcement drums are pounding at the Securities and Exchange Commission (SEC) when it comes to digital assets. At the top of the list are trading platforms that may be skirting established securities laws, especially when the Commission believes they are enabling the buying and… Read More

Congressman Patrick McHenry Slams SEC Chairman Gensler’s “Power Grab” in Regards to Regulating Digital Asset Exchanges

Patrick McHenry HFSC 2019 d

In a recent round of correspondences launched by Senator Elizabeth Warren, a noted crypto skeptic, SEC Chairman Gary Gensler responded with a request for additional authority to regulate digital asset exchanges. Gensler said that legislative priority should center on crypto trading, lending and DeFi platforms…. Read More

Senator Elizabeth Warren Tells Treasury Secretary Yellen to Rein in Crypto Now

Elizabeth Warren Senate Hearing 2017

Senator Elizabeth Warren, a member of the Senate Banking Committee, has called on the Secretary of the Treasury Janet Yellen to reign in cryptocurrency – now. In a letter sent to Yellen, Senator Warren told the Secretary to use the Financial Stability Oversight Council (FSOC)… Read More

Senate Banking Crypto Hearing: Senator Warren Says Crypto is Dangerous for Our Financial System

Senator Elizabeth Warren 7.27.21

The Senate Banking Committee held a hearing today on cryptocurrency aptly titled Cryptocurrencies: What are they good for? And as one may anticipate, the questions and support of digital asset innovation largely fell along party lines. For the witnesses, there were representatives from Coin Center, Filecoin,… Read More

Senator Elizabeth Warren Tells SEC Chairman Gary Gensler That Crypto Exchanges are Undermining the SEC’s Mission

Senator Elizabeth Warren 2

Senator Elizabeth Warren, a member of the Senate Banking Committee, has sent a letter to SEC Chairman Gary Gensler telling the securities regulator that crypto exchanges may be undermining the SEC’s mission of basic investor protections. Gensler, for his part, has publicly worried that crypto… Read More

Senator Elizabeth Warren Really Doesn’t Like Bitcoin

Senator Elizabeth Warren

Senator Elizabeth Warren, a prominent progressive and member of the Senate Banking Committee, doesn’t like Bitcoin it appears. According to a report in Yahoo, Senator Warren took umbrage at the amount of energy Bitcoin consumes in completing transactions. “I also think with bitcoin, and with… Read More

Here is the Robinhood Letter to Senator Warren Explaining Why it Restricted Trading in GameStop Shares

Elizabeth Warren Senate Hearing 2017

As the House Financial Services Committee prepares for its first of three hearings to investigate the Robinhood/GameStop/Reddit odyssey additional information continues to be distributed. Yesterday, Senator Elizabeth Warren, who sits on the Senate Banking Committee, posted a comment regarding a letter she sent to Robinhood… Read More

Senator Warren Demands that the SEC Answers Questions Regarding Dramatic Price Changes in Shares like Gamestop

Senator Elizabeth Warren

Senator Elizabeth Warren has sent a letter to the US Securities and Exchange Commission demanding answers to several questions regarding the heightened volatility pertaining to the recent short-squeezes ostensibly created by Redditors focusing on hedge funds with heavy short positions. Senator Warren said the price… Read More

What Does a Trump Presidency Mean for Fintech?

donald trump

Soon the dust will will settle and the collective surprise of a Donald Trump Presidency will sink in and the United States will move forward. On top of a populist Trump administration, the Republican Party will control both houses of Congress. This is a combination… Read More

Shocker: Elizabeth Warren Tells President Obama to Demote SEC Chair Mary Joe White

Senator Elizabeth Warren

Senator Elizabeth Warren is rattling cages once again. This time, she is blasting SEC Chair Mary Jo White asking President Obama to fire or demote Chair White in a public letter. According to her letter, Warren states “enough is enough”, that Chair White has undermined… Read More

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