News list for "U.S. Senate"
Richard Blumenthal, a senior Democrat in the U.S. Senate, sent a letter of inquiry to World Liberty Financial and Fight Fight LLC on Tuesday to investigate Trump's activities in the cryptocurrency space. The investigation focuses on possible conflicts of interest between TRUMP tokens and the WLFI (World Liberty Financial) project. Blumenthal said these activities may violate government ethics and federal laws, while requiring companies to provide information such as ownership and financial struc...
According to Bloomberg, Democrats in the U.S. Senate have proposed a draft Clean Cloud Act that would impose fees on data centers that support blockchain networks and artificial intelligence models that exceed federal emissions targets. The bill would require the U.S. Environmental Protection Agency to set emissions standards for data centers and crypto mining facilities that install IT nameplates with more than 100 KW of power, with the goal of reducing emissions by 11% annually. Emissions exce...
The U.S. Senate voted 51-48 to approve a bill that could end Trump's new tariffs on Canadian imports, but the House of Representatives is unlikely to approve it.
According to Bloomberg, the US Senate voted 62-38 to pass the Republican spending bill, effectively eliminating the risk of a government shutdown. The bill has no additional restrictions, ensuring that Musk's government streamlining plan can proceed and fund the operation of the federal government until the end of the financial year on September 30.
The Senate Banking Committee on Thursday voted 13-11 to advance the Financial Integrity and Regulation Management Act, which would prohibit federal regulators from using reputational risk as an assessment factor in financial regulation. In addition, the committee made a series of amendments to the bill, including a manager's program to adjust regulatory approaches to ensure that banks' supervision is appropriate to their risk profiles and business models.
According to Eleanor Terrett, the U.S. Senate overwhelmingly passed the Congressional Review Act (CRA) introduced by Senator Ted Cruz by a 70-27 majority to repeal IRS regulations on DeFi brokers, which is now before the House of Representatives.
According to Fox Business News reporter Eleanor Terrett, according to three Senate aides familiar with the matter, Republican members of the Senate Banking Committee are considering reviewing and amending Senator Hagerty's stablecoin bill (GENIUS Act) the week of March 10.
