Tagged: thom tillis

The Clarity Act Expected Move in Senate this Month, Floor Vote in May

The CLARITY Act, crypto market infrastructure legislation, is expected to move forward in the US Senate this month with a floor vote arriving in May. According to multiple reports, a deal is in the works on stablecoin yield, the biggest hurdle to the legislation’s approval…. Read More

Senator Tillis Set to Release Draft Aimed at Resolving Stablecoin Yield Dispute in CLARITY Act

US Senator Thom Tillis of North Carolina, a Republican lawmaker, has recently signaled plans to release a proposed framework in the coming weeks. The goal is to settle a long-running conflict over stablecoin returns that continues to divide conventional banks from digital asset specialists. The… Read More

A Full Blown Banana Republic. Trump Administration Slammed for Indictment of Fed Chair Jerome Powell

The independence of the US Federal Reserve is sacrosanct. Removing it from the vicissitudes of elected officials, many of whom do not have a clue about economics and finance, has been foundational to the stability of the US economy. The revelation that the US Department… Read More

American Fintech Council Announces Support for Manchin Co-Sponsored Banking Bill

The American Fintech Council (AFC) this week announced its support for The Fair Audits and Inspections for Regulators’ (FAIR) Exams Act. The organization said bipartisan legislation introduced by U.S. Sen. Jerry Moran (R-KS) and co-sponsored by U.S. Sens Joe Manchin (D-WV), Bill Hagerty (R-TN), and Thom… Read More

Group of US Senators Send Letter to FTX Bankruptcy Judge Inquiring About Sullivan & Cromwell Law Firm Involvement

A filing submitted yesterday to the bankruptcy court handling FTX has questioned the involvement of Sullivan & Cromwell as the bankruptcy counsel. The document claims that: “Sullivan & Cromwell is not only an inappropriate candidate for appointment as the FTX Group’s bankruptcy counsel—it is a… Read More

JOBS Act 4.0: Improving the Regulatory Environment for Entrepreneurial Capital Formation

Passed with large bipartisan majorities and signed into law by President Obama, the 2012 JOBS Act was a bipartisan achievement of consequence. The JOBS Act substantially improved the laws governing entrepreneurial capital formation and has had a measurable positive impact on entrepreneurial capital formation. But… 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

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