What Could Elizabeth Warren’s Senate Reelection Bid Mean for the Crypto Industry? 

Sen. Elizabeth Warren has kicked off her reelection bid. One of her main goals is to create an 'anti-crypto army' to fight money laundering. The post What Could Elizabeth Warren’s Senate Reelection Bid Mean for the Crypto Industry?  appeared first on BeInCrypto.

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U.S. Senate’s Warren Calls for Crackdown on ‘Sham’ Crypto Audits

Sen. Elizabeth Warren (D-Mass.) and another prominent colleague urged the U.S. auditing watchdog to take action against “sham audits” of crypto companies, citing the contribution of such audits to the recent stresses in the U.S. banking system.

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Silvergate’s Struggles Will Likely Boost Stablecoins’ Role in Crypto Trading: Kaiko

Ailing crypto-friendly bank Silvergate closed its instant settlement SEN platform last week, which has been a key on-ramp for institutional crypto investors to transfer U.S. dollars to exchanges.

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Silvergate Halts Crypto Payments After Suffering $1 Billion Loss

Silvergate Capital has pulled the plug on its Silvergate Exchange Network (SEN) after the bank specializing in digital assets voiced questions about its viability. SEN, the bank’s platform for crypto payments, is one of its most popular services.

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Crypto Miners To Report Emissions Once Bill Pushed Back By US Lawmakers Gets Approved

Crypto miners are now in the crosshairs of US legislators. A crypto mining bill that pushes for transparency on gas emissions data is being pushed back in Congress, courtesy of U. S. Sen. Edward Markey and Rep.

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Circle moves its USDC reserve deposits out of troubled Silvergate Bank

Silvergate bank in a filing on Wednesday said losses might leave it with less capital than it needs. The bank recently closed its SEN Platform which institutions used to move money to crypto exchanges.

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Silvergate Closes SEN Platform Institutions Used to Move Money to Crypto Exchanges

Silvergate Bank announced Friday it was suspending its "Silvergate Exchange Network" (SEN) "effective immediately."

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U.S. Lawmakers Argue SEC Accounting Policy Undermines Safe Crypto Custody

Rep. Patrick McHenry, chairman of the House Financial Services Committee, and Sen. Cynthia Lummis teamed up on a letter questioning regulators about crypto accounting policy.

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ShapeShift responds to Sen. Warren’s comments to ‘set the record straight’

Switzerland-based crypto platform claimed Warren made “mistakes” in comments at a recent senate hearing and encouraged her to “constructively engage” with its community.

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Top Republican on US Senate Panel Ready to Work on Crypto Rules

U.S. Sen. Tim Scott (R-S.C.), the top Republican on the Senate Banking Committee, wants to start work on a bipartisan regulatory framework for cryptocurrency on Thursday, he said in a Thursday statement.

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Sen. Ted Cruz Wants to Force Capitol Hill Vending Machines to Accept Crypto

If passed, Senators who are working on meaningful crypto-related legislation will be able to buy some Pringles with bitcoin while they’re burning the midnight oil.

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Sen. Ted Cruz Wants Capitol Hill Vending Machines to Accept Crypto

If passed, Senators who are working on meaningful crypto-related legislation will be able to buy some Pringles with bitcoin while they’re burning the midnight oil.

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A ‘Strong SEC’ Has Crypto Industry Players Running Scared, US Sen. Warren Says

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One of Crypto’s Favorite US Senators Drops Swan-Song Bill on Eve of Retirement

Crypto ally U.S. Sen. Pat Toomey (R-Pa.) used one of his final days in office to send a last legislative message on regulating stablecoins.

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Ban Crypto? Why Senate Banking Chief Suggests SEC And CFTC Should Do So

Crypto is at the crosshair of a U.S. lawmaker – and it’s not surprising. Sen. Sherrod Brown, Chairman of United States Banking, Housing, and Urban Affairs Committee, suggested on December 18 that federal agencies including the Commodity Futures Trading Commission (CFTC) and Securities and Exchange Commission (SEC) should perhaps consider the idea of banning crypto […]

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U.S. Senator Claims That Crypto Shouldn’t Exist

Sen. Jon Tester (D-Mont.) has also argued against legitimacy-inferring regulations for the cryptocurrency sector 

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Sen. Warren goes after Silvergate’s relationship with FTX

Elizabeth Warren and two other Republicans questioned Silvergate regarding the crypto bank’s involvement with FTX and the Bankman-Fried businesses.  As NBC News wrote, Elizabeth Warren, a Massachusetts Democrat and member of the Senate Banking Committee, wants to understand the nature…

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Crypto Bank Silvergate Slides Further After Letter from US Sen. Warren

Senator Elizabeth Warren (D-Mass) and two GOP senators have asked crypto-friendly bank Silvergate (SI) for answers over its supposed role in facilitating transfers between bankrupt exchange FTX and its sister firm Alameda Research, NBC reported Tuesday.

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After Months at Arm’s Length, Sen. Brown Opens Door for Crypto Legislation

U.S. Sen. Sherrod Brown (D-Ohio), the chairman of the Senate Banking Committee, has widely been seen as the linchpin of legislation to set up oversight of the cryptocurrency industry. While his crypto suspicions have been clear in hearings, his plans for specific bills remained quiet until now.

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Senator Toomey: Crypto is ‘sufficiently different’ from stocks or bonds

Sen. Pat Toomey (R-PA) a ranking member of the US Senate Banking Committee says Congress needs to step in on the issue of cryptocurrency regulation. Particularly, Sen. Toomey points to the US Securities and Exchange Commission (SEC), through its Chair Gary Gensler,  hasn’t provided anything as much as regulatory clarity on how existing frameworks on […] The post Senator Toomey: Crypto is ‘sufficiently different’ from stocks or bonds appeared first on Invezz.

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Senator asks FDIC about allegations it discourages bank relations with crypto companies

Sen. Pat Toomey says he has information from whistleblowers that the FDIC, without a legal basis, is discouraging banks from dealing with companies that have crypto links.

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US Regulator 'Improperly' Pushing Banks to Avoid Serving Crypto Companies, Lawmaker Says

U.S. Sen. Pat Toomey said whistleblowers had informed him that the FDIC was pressuring banks to stop providing services to crypto companies.

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US Democratic Senators Want Crypto Guidance Revoked

In an open letter dated August 10, three Democratic Senators led by Sen. Elizabeth Warren from Massachusetts asked the acting Comptroller, Michael Hsu of the Currency, to revoke guidance allowing National banks to engage in cryptocurrency activities.

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US Sen. Brown Pressures Apple, Google on Fake Crypto Investing Apps

Senate Banking Committee Chairman Sherrod Brown sent letters to tech giants, questioning them on their efforts to prevent scams that are costing investors millions.

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Top GOP Senator Slams SEC for Ignoring Crypto Turmoil

U.S. Sen. Pat Toomey (R-Pa.) accused the Securities and Exchange Commission (SEC) of dragging its feet on instituting oversight of crypto firms as some of those companies collapsed, taking investors’ cash with them.

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SEC Chair Gensler: New crypto legislation could impact broader markets

A new bill introduced in the US Congress last week by Sen. Cynthia Lummis and Sen. Kirsten Gillibrand on crypto regulation is not sitting well with US Securities and Exchange Commission Chairman Gary Gensler.

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Florida Rep. Donalds introduces Financial Freedom Act companion bill in the House

The Republican congressman is supporting Sen. Tommy Tuberville’s Senate bill and financial services companies that want to include crypto in their 401(k) product offerings.

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Pro-Crypto Congressman Tom Emmer Slams FSOC, Proposes Radical Reform: Here's Why

"The future of crypto will be decided by the American people," Sen. Emmer (R-MN) stressed

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Sen. Lummis teases upcoming crypto bill, says NFTs won’t be included in it

The senator spoke about the importance of definitions and weeding out nonviable altcoins for her comprehensive bill on cryptocurrency.

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NY Sen. Kevin Thomas Proposes To Criminalize Rug Pulls And Other Offences Relating To Crypto Frauds

New York State Senator Kevin Thomas has introduced a new amendment bill that seeks to clear the air around various types of crypto fraud in a bid to help prosecutors navigate fraud cases in crypto. The bill, Senate Bill Number S8839 seeks to amend the penal law by establishing certain offenses relating to crypto fraud. […]

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NY Sen. Thomas proposes to criminalize rug pulls and other crypto frauds

State Senator Kevin Thomas seeks to provide prosecutors with a clear legal framework against crypto crimes that align with the spirit of the blockchain while combatting fraud.

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Bitcoiner Bruce Fenton Confirms He’s Running for New Hampshire Senate Seat

The long-time crypto proponent hopes to take on vulnerable incumbent Sen. Maggie Hassan (D-N.H.) and is initially funding his campaign with $5 million of personal bitcoin wealth.

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The Unnoticed OFAC Budget Ask in Last Week's Crypto Congressional Hearing

U.S. Sen. Elizabeth Warren wants to task the Biden administration and Treasury Department with monitoring crypto transactions for fear of sanctions violations. The two Treasury agencies that would do so might already have the authority they need – but not the money.

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Sen. Warren Announces Sanctions Compliance Bill for Crypto Companies

The Digital Assets Sanctions Compliance Enhancement Act "would authorize the President to sanction foreign cryptocurrency firms that are doing business with sanctioned Russian entities," the Massachusetts lawmaker said.

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‘Shark Tank’s’ O’Leary Lobbies Congress for Sen. Lummis’ New Crypto Bill

Kevin O’Leary made himself a household name as a co-host of “Shark Tank,” where budding entrepreneurs make their pitches to a panel of investors. On March 9, it was his turn to make a case for crypto: this time before a panel of about 30 American legislators.

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Newly-Signed Defense Bill Calls For A Digital Strategy, Sen. Warren Slams Crypto for Wealth Concentration

Democratic Senator Elizabeth Warren, a crypto skeptic, again criticized cryptocurrencies, saying they are not the path to financial equality. “The crypto industry claims that crypto is the path to financial inclusion, but bitcoin ownership is even more concentrated within the top 1% than dollars.

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Elon Musk Wants Sen. Warren to Leave, SHIB Burn Rate to Double in 60 Days, Vitalik Buterin Meets Argentina’s Former President: Crypto News Digest by U.Today

Check out the latest news digest by U.Today!

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Elon Musk Believes Crypto-Hating Sen Warren Should Leave Senate for Good: Details

Tesla CEO posts war tweets against crypto hater Elizabeth Warren, saying the US Senate needs “someone better”, here’s why

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Finance Redefined: 83% of 7-figure Millennials own crypto, Sen. Warren criticizes DeFi, Dec. 10–17

A new study finds that more than 80% of millionaire youths hold digital assets, Senator Warren attacks stablecoins and billions are locked in the Eth2 contract.

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“Stablecoins Must Be 100% Backed By Cash” And “Only Be Issued By Depository Institutions,” Says Sen. Cynthia Lummis

A crypto supporter, Wyoming Senator, has concerns about stablecoins not being fully backed “in a transparent manner. ” Meanwhile, the Fed chair acknowledges they shouldn’t wait too long on CBDC as “there is a sense of urgency” in terms of digital currencies.

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Sen. Warren goes after Ethereum network fees in committee hearing

"High, unpredictable fees can make crypto trading really dangerous for people who aren’t rich," said Senator Warren.

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Wyoming’s crypto-friendly bill could be a sandbox in action, Sen. Lummis says

The new bill would allow crypto banks to get faster approvals for conducting business in Wyoming.

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Congress’s Misstep on Crypto Reporting Shows the Dangerous Allure of Surveillance

The visceral pushback to Sen. Rob Portman's reporting requirements isn't about avoiding taxes – it's about protecting digital liberties.

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Crypto Just “Got Screwed” in US Senate, Says Ted Cruz

While Sen. Cynthia Lummis vows to continue fighting for the favorable crypto amendment, there might not be enough time left to pass it

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As Crypto Adoption Spirals, U.S. Sen. Elizabeth Warren Deems Crypto Not Being Policed Enough

U. S senator, Elizabeth Warren is calling for closer monitoring of the cryptocurrency market. In a Bloomberg interview, the Democrat senator representing Massachusetts expressed concern that the crypto market is not regulated even as it continues to grow exponentially in the U.

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Developers and Miners ‘Not’ Forced to Comply, says Spokesperson of Sen. Rob Portman, Who is Behind the Legislation

Meanwhile, senators Pat Toomey and Ron Wyden are calling to “fix” crypto tax provision in the bipartisan infrastructure bill. The post Developers and Miners ‘Not’ Forced to Comply, says Spokesperson of Sen.

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Galaxy’s Mike Novogratz Not Having It With Sen. Elizabeth Warren’s Bitcoin Slander

U. S. Senator Elizabeth Warren is facing a rife lash-back from Bitcoin supporters in the wake of her unwelcomed comments over cryptocurrencies during Tuesday’s committee meeting with crypto heads dubbed “Cryptocurrencies: What are they good for.

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On Curbing Market Manipulation, Sen. Warren Tells Why She’s Skeptical Of Bitcoin As An Inflation Hedge

The cryptocurrency market requires tighter regulation to benefit small-scale investors and enable the government to push back on the whale-ridden market, according to Senator Elizabeth Warren. The Chair of the Senate Banking Subcommittee made the remarks during an interview with CNBC, adding that heavy money movers often manipulate the price of crypto assets like bitcoin […]

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Massive government spending accelerating crypto adoption: Sen. Cynthia Lummis

Senator Cynthia Lummis said that inflation and massive government spending is accelerating the adoption of digital assets.

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