News list for "nate"
On June 10, according to the US media Semafor, Graham, the Republican chairperson of the US Senate Budget Committee, is preparing for the possibility that key provisions of President Trump's huge bill could be cut. His solution is to introduce another bill of tax cuts and spending cuts. Graham said the current legislation was not final, adding that he expected a total of three partisan bills if necessary: "Let's try to reach a compromise on this bill first, and then we have two more bills to mov...
The DOGE department led by Musk was exposed to using Meta's open-source AI model, Llama, to review federal employee emails rather than its own Grok.
The US Senate is scheduled to take a crucial vote on Thursday on the GENIUS stablecoin bill, which requires stablecoins to be fully backed by current assets such as the US dollar and Treasury bills. With 60 votes required to pass, Republicans need to win Democratic support. At present, several Democratic senators have expressed opposition due to foreign investment regulations and insufficient anti-money laundering provisions, and the Republican Party is also divided. At the same time, Democrats ...
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.
On March 4th, the Ministry of Commerce announced that in order to safeguard national sovereignty, security and development interests, in accordance with the Foreign Trade Law of the People's Republic of China, the National Security Law of the People's Republic of China, the Anti-Foreign Sanctions Law of the People's Republic of China and other relevant laws, and in accordance with the relevant provisions of the Provisions on the List of Unreliable Entities, the Working Mechanism for the List of ...
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.
The first Digital Assets Subcommittee of the U.S. Senate Banking Committee held a hearing on February 27, focusing on stablecoin regulation and the legislative framework for digital assets, chaired by Wyoming Republican Senator Cynthia Lummis. "We are at a critical juncture in the final creation of a bipartisan legislative framework for stablecoins and market structures," Lummis said in her opening statement.
According to Cointelegraph, the Georgia Senate has introduced Bill 228 (SB 228), which proposes to amend Title 50, Title 17, Section 3 of the state code regarding state depositories, authorizing the state depository board to allow the state treasury to invest in bitcoin. The bill, which was introduced by five senators including Senator Esteves of the 35th Ward and is awaiting approval by the Senate, requires the state Treasury to establish policies and procedures for the receipt, storage and tra...
According to TASS news agency, the Argentine Senate passed a motion with 46 votes in favor and 15 votes against, asking the government to provide reports on the LIBRA scandal. At the same time, the Senate rejected the proposal to establish an investigative committee. Although 47 senators supported it, it did not meet the 48-vote threshold for initiation and ultimately failed to pass. Meanwhile, a proposal to set up a parliamentary committee to investigate the scandal was rejected. The proposal w...
