News list for "US senator"
A group of Democratic U.S. senators, including Maryland Senators Chris Van Hollen and Massachusetts Senators Elizabeth Warren, sent a joint letter to the Treasury Secretary and Attorney General demanding an investigation into Binance's ties to the Trump family's digital asset project. The letter states that Abuza...
US Senator Cynthia Lummis, in a speech to Congress, said that the US is running out of time and has no traditional options, either default and collapse into hyperinflation, or use bitcoin and technology to get out of trouble. The Bitcoin Act would be the only solution to America's $36 trillion debt, and related initiatives have been supported by Trump. If the Bitcoin Act is enacted into law, the United States will purchase 200,000 bitcoins annually for the next five years.
According to Cynthia Lummis, chair of the U.S. Senate Banking Subcommittee on Digital Assets, she said she will continue to hold the Federal Reserve accountable until the digital asset industry is treated fairly.
Democratic Senators Sheldon Whitehouse and John Fetterman have submitted a draft Clean Cloud Act 2025 to the U.S. Senate, which aims to control carbon emissions from cryptocurrency mining facilities and AI data centers, with the ultimate goal of fining facilities that use non-renewable energy by 2035. The draft would amend the Clean Air Act to require data centers with energy capacity greater than 100 kilowatts to comply with the Department of Energy's National Transmission Requirements...
In an interview with CBS, Democratic Senator Bernie Sanders said that the United States under Trump is facing "unprecedented danger" and that the United States is rapidly moving towards oligarchy. He said that means the US government is being run by and served by the billionaire class. (CCTV News)
On March 7th, according to Axios, on the morning of the White House's first digital assets summit day, Senator Elizabeth Warren sent a critical letter to the government's head of cryptocurrency and artificial intelligence, David Sacks, known as the crypto czar. Senator Warren believes that the deeper the federal government supports the blockchain industry, the more it will drive up the value of existing holders, which creates conflict of interest issues for officials who make these policies. The...
US Senator Elizabeth Warren has called Musk a "bank robber," accusing him and the Trump administration of dismantling the Consumer Financial Protection Bureau (CFPB) to gain financial control.
On February 12, US Senator Cynthia Lummis wrote on X: "What President Trump, Musk, and the DOGE team have achieved in the first few days is remarkable. The government has once again served Americans, saving taxpayers billions of dollars. This money is real money and will go back into Americans' pockets."
CZ commented on the X platform that "US Senator Cynthia Lummis chairs the US Senate Banking Subcommittee on Digital Assets", saying: "The US strategic bitcoin reserve is basically confirmed. Cryptocurrencies are once again advancing at the speed of crypto."
Two U.S. senators have introduced a bill to expand the Secret Service's powers to fight cryptocurrency-related crimes. CatherineCortezMasto of Nevada and Charles Grassley of Iowa recently introduced the Cybercrime Money Laundering Act of 2024, which would expand the Secret Service's powers to investigate cryptocurrency transactions by unlicensed money transfer businesses and potential fraud against the U.S. Financial Institution Group. Cortez Masto emphasized the importance of the bill...
Democratic Senator Dick Durbin of Illinois told a Senate Appropriations subcommittee hearing on Thursday that following the passage of FIT21 by the U.S. House of Representatives, the bill would give the Commodity Futures Trading Commission (CFTC) more power and money to regulate cryptocurrencies, and some lawmakers are concerned that the CFTC "has responsibilities far beyond their capabilities." Durbin asked CFTC Chairperson Rostin Behnam during the hearing: "What exactly makes you think the CFT...
According to Bitcoin Magazine, US Senator Cynthia Lummis said that if it is not your private key, it is not your cryptocurrency. I will work to protect the right of every American to keep their private keys.
U.S. Senators Elizabeth Warren and Angus King have sent a letter asking the defense and finance ministers to take action against cryptocurrency mining in Iran. The letter warns that Iran is relying on digital asset mining as a source of revenue to ease the pressure of U.S. economic sanctions.
U.S. Senators Elizabeth Warren and Chuck Grassley have called for an investigation into multiple meetings between U.S. Commodity Futures Trading Commission (CFTC) Chairperson Rostin Behnam and former FTX CEO Sam Bankman-Fried (SBF). Warren and Grassley pressured the CFTC on SBF to take stock of all meetings and correspondence between his office and SBF, and Behna had previously told Congress that he met with SBF and its team on multiple occasions to process the company's application to the agenc...
