Tagged: mike crapo

Senate Hearing on Blockchain & Crypto: Still Questions but Less Hostility (as No Facebook Presence)

The US Senate Banking Committee held a hearing today entitled Examining Regulatory Frameworks for Digital Currencies and Blockchain. The Hearing is part of an ongoing process of education and understanding regarding the emerging digital asset ecosystem and the technology that supports it. Earlier this month,… Read More

Senate Hearing: “I wish we could trust Facebook, it is pretty clear there is nobody on this committee that does.” David Marcus Hit with Skepticism Regarding Facebook’s Libra Cryptocurrency

The Senate Banking Committee held a hearing today where David Marcus, Head of Facebook’s cryptocurrency project Libra, took the stand to explain and defend the company’s intent for their payments and blockchain ecosystem. While some US Senators are keen on supporting Fintech innovation in the… Read More

Senate Banking Committee Schedules Hearing on Facebook’s Cryptocurrency Libra

The Senate Committee on Banking, Housing, and Urban Affairs has booked a hearing on Facebook and its recently announced cryptocurrency Libra. The hearing was largely anticipated as multiple politicians issued public statements on the day Facebook revealed their vision for the future of finance using… Read More

US Senate Banking Committee Asks Mark Zuckerberg for Details Regarding Facebook’s Secretive “Libra” Cryptocurrency Project

US Senators Mike Crapo and Sherrod Brown have sent an open letter to Facebook CEO Mark Zuckerberg asking him to provide information on the company’s much-anticipated and highly-secretive “Libra” cryptocurrency project. So far, little is known publicly about the project, although reporting at Bloomberg indicates… Read More

Senate Banking Committee Agenda for 116th Congress Has Fintech on the List

Yesterday, the US Senate Committee on Banking, Housing, and Urban Affairs outlined their top priorities for the 116th Congress. The Chairman of the Committee, Senator Mike Crapo, explained: “[we] will continue to identify and move bipartisan legislative solutions that promote economic growth; build a record for… Read More

Senate Confirms Elad L. Roisman as SEC Commissioner

In a Senate vote today, the nomination of Elad L. Roisman as a member of the Securities and Exchange Commission (SEC) was confirmed. Roisman received bipartisan support as 85 Senators voted to approve Roisman and only 14 Democrats voted against his nomination. Selected by President… Read More

Prepared Testimony by SEC Chair Jay Clayton & CFTC Chair J. Christopher Giancarlo is Published in Advance of Senate Banking Committee Hearing on Virtual Currencies

As we reported this past weekend, the Senate Committee on Banking, Housing and Urban Affairs, is queued up to hold a hearing on virtual currencies or cryptocurrencies. What makes this hearing interesting is the fact the two witnesses are the leading regulators in the cryptocurrency… Read More

Things May Get Easier for Smaller Banks as Senate Banking Committee Moves forward with S.2155

The “Economic Growth, Regulatory Relief, and Consumer Protection Act” was approved by the Senate Committee on Banking today in a legislative move that may improve the environment for much beleaguered banking industry – most profoundly smaller banks. S.2155 found bipartisan support as the bill was… Read More

Financial Innovation Now Submits Recommendations to Senators Crapo & Brown as to How to Boost the Economy

Financial Innovation Now (FIN) has submitted their recommendations to Senators Crapo and Brown, the Chair and Ranking Member on the Senate Banking Committee, as to how best to improve Economic Growth. The proposals follow a public request by the two Senators asking members of the public… Read More

Two US Senators Ask for Public Proposals to Boost Economic Growth

Senator Mike Crapo and Senator Sherrod Brown, have asked the public to pitch ideas as to how to boost economic growth. Crapo, a Republican, is the Chairman of the Senate Banking Committee. Brown is the ranking Democrat on the same committee. In an act of… Read More

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