Tagged: elizabeth warren

Jerome Powell Re-Nominated as Chair of Federal Reserve

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

  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

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]

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

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

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

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

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, 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, 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

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 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?

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 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

Two Senate Democrats Delay SEC Appointees Hester Peirce & Lisa Fairfax

In a surprise turn of events, President Obama’s choices to fill two vacancies at the Securities and Exchange Commission have been delayed by Senators Warren and Schumer.  Hester Peirce, a Republican, and Lisa Fairfax, a Democrat, were both expected to pass through the Senate Banking… Read More

Grilled: SEC Nominees Queried by Senate Banking Committee

SEC nominees Hester Peirce and Lisa Fairfax each had the opportunity to share their perspectives with the Senate Banking Committee this week as part of the confirmation process.  Appointed by President Obama at the end of last year, both Peirce and Fairfax received tough questions… Read More

SEC Commissioner Daniel Gallagher to Depart Commission by October 2nd

Securities and Exchange Commissioner Daniel Gallagher announced in a brief statement today that he intends on departing the SEC no later than October 2nd.  His term was not set to expire until 2016. Gallagher submitted his resignation to President Obama in May of 2015 but… Read More

Warren Wrong: Senator’s Attack on Mary Jo White is Misdirected

Senator Elizabeth Warren, an outspoken critic of all things associated with Wall Street, launched a blistering frontal assault against the current Chair of the SEC – Mary Jo White. It should be noted that Mary Jo White was selected by President Barack Obama to reinvigorate… Read More

Consumer Protection Pioneer Raj Date Joins StreetShares Board of Advisors

Small business lender StreetShares announced on Wednesday (February 25th) the appointment of Raj Date to their Board of Advisors, effective immediately. Date is Managing Partner at Fenway Summer, LLC, a consumer finance advisory and investment firm headquartered in Washington, D.C. Date was the first-ever Deputy Director of… Read More

Perspective: Title III, Title IV and the Politics of Regulation

  In my May 2014 article, “The Bell Tolls for Title III”, I laid out the reasons why it was highly unlikely that the SEC would issue Title III rules before the November elections and predicted that should the Senate flip to Republican control, we… Read More

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