News list for "sena"
Australian senator Gerard Rennick's criticism of Bitcoin on the X platform, calling it a "Ponzi scheme" and questioning its value because it was "inedible", sparked a strong response from the Bitcoin community. The Australian Bitcoin Industry Organisation (ABIB) said Rennick's comments showed a deep misunderstanding of bitcoin that could lead to wrong policymaking. In addition, several bitcoin proponents have also defended the value and utility of bitcoin, arguing that...
Senate Minority Leaders Chuck Schumer, Elizabeth Warren and Jeff Merkley will propose amendments to the GENIUS Act to prevent the US president from profiting from stablecoins. "Without the anti-corruption amendment, Congress would seal Trump's influence peddling to the highest bidder," Merkley said. Trump and his three sons are involved in the World Liberty Financial (WLFI) platform.
According to Cointelegraph, Cynthia Lummis, a US senator, published an infographic showing that four-fifths of Americans are willing to convert their US gold reserves into bitcoin. "That's what I've been saying, Americans are ready to upgrade our reserves," she said.
U.S. Senate Majority Leader John Thune has formally submitted a motion for closing debate on the GENIUS Act, which is scheduled for a vote on May 19. The stablecoin regulation bill requires that issuers with assets over $10 billion be regulated by the Federal Reserve, and small institutions are regulated at the state level; all stablecoins must be fully backed by assets such as U.S. dollars or Treasury bonds. The latest bipartisan amendment proposes to add...
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...
"Digital assets are the future," US senator Cynthia Lummis wrote. "We either embrace them or we fall behind. There is no middle ground."
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...
U.S. Senator Elizabeth Warren said on social media that Trump has used his stablecoin to make a $2 billion deal with a dubious fund in the UAE. The Senate will vote on the GENIUS Act, a crypto bill that will make it easier for the president to scam. If we don't fix this, no senator should vote for it.
U.S. Senator Cynthia Lummis said that the GENIUS Act aims to strengthen the supervision of the stablecoin market, and the core content includes: requiring all stablecoins to achieve a 1:1 full reserve, guaranteeing consumer priority rights in the event of bankruptcy, and establishing strict marketing activity compliance standards.
Crypto journalist Eleanor Terrett posted on the X platform that the US Senate Banking Committee has voted to nominate Michelle Bowman as the next vice chair of Federal Reserve supervision (13 to 11), and her nomination has now been submitted to the full Senate for consideration. It is reported that Michelle Bowman has expressed a more open attitude towards digital assets and their future in the financial system, and has also urged state and federal governments to form partnerships to jointly reg...
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.
US senators Adam Schiff and Elizabeth Warren sent a letter to the Office of Government Ethics on Friday asking for an investigation into Mr. Trump to determine whether he violated federal ethics rules by offering a private dinner to TRUMP token investors. The two senators said that after the news of the "TRUMP dinner", the market value of Meme coin TRUMP surged by more than $100 million, raising concerns that Trump and his family used their influence for personal gain. However, analysts believe ...
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.
On April 24th, Meme Coin TRUMP announced that Trump will have dinner with the first 220 holders of the token. Democratic Senator Chris Murphy of Connecticut said: "This not only reflects the nature of Trump, but also the TRUMP Coin scam or the most blatantly corrupt presidential act in history."
