Tag: Congress
More Members of Congress Are Retiring, Many Citing Dysfunction
More than three dozen incumbents have announced they will not seek re-election next year. Some are running for other offices, while others intend to l [...]
Congress Prevented a Shutdown, but the Spending Fight Is Far From Over
Lawmakers bought time for talks, but heading off another shutdown threat early next year will be difficult. And a separate funding measure for Israel, [...]
Congress members urge financial authorities to invalidate SEC’s SAB 121
Congress members have submitted a memo urging key financial authorities, including the Chairman of the Board of the Federal Deposit Insurance Commissi [...]
Congress Gets the Runaround From Regulators, Again
Fast forward two years and fears about the broker definition have come true. It’s clear that the Treasury decided to broaden the scope of what it deem [...]
Democratic Aides in Congress Break With Their Bosses on Israel-Hamas War
A wave of current and former staff members, mostly of a younger generation, are agitating for a cease-fire and speaking out against their bosses’ posi [...]
U.S. House's Spending Bill Aims to Hamstring SEC's Gensler Amid His Crypto Crackdown
As the U.S. House of Representatives weighs legislation on next year's spending, a provision was added on Wednesday that would deprive funding from U. [...]
U.S. Bill Proposes Outlawing Government Use of China-Made Blockchains and Tether's USDT
Government officials would no longer be able to use networks developed by China that power crypto transactions, according to a new bipartisan bill.
w [...]
Gabe Amo Is Elected Rhode Island’s First Black Member of Congress
Mr. Amo, Democrat and the son of West African immigrants, served in the Biden and Obama administrations.
www.nytimes.com [...]
Democrats in Congress Weigh Calls for Cease-Fire Amid Pressure From the Left
They have grown more vocal about urging measures to mitigate civilian casualties in Gaza, but supporters of a cease-fire are few and far between.
www [...]
Discredited Crypto Terrorist Funding Figures Gain Fresh Life in U.S. House Hearing
Sherman said at an SEC oversight hearing of one of the subcommittees of the House Financial Services Committee. He said the assets are "designed to be [...]
U.S. SEC’s Knock From GAO Unlikely to Budge Agency’s View on Crypto Accounting
SAB 121 has been chasing large banks and brokers away from the crypto sector, said Paul McCaffery, who works as a managing director focusing on digita [...]
Prediction Market Kalshi Sues U.S. CFTC for Denying Its Contracts for Congressional Elections
When the CFTC denied the application earlier this year, Commissioner Summer Mersinger dissented, arguing, "It is important for the commission to make [...]
U.S. SEC Messed Up in Handling Contentious Crypto Accounting Bulletin 121: GAO
"Today, the GAO recognized SAB 121 for what it is: regulation under the guise of staff guidance," said Nathan McCauley, CEO and co-founder of Anchorag [...]
Coinbase’s (COIN) Stand With Crypto Raises $2M From Supporters
At the group's website, people can easily reach out to policymakers and learn about politicians' crypto views. So far, 80,000 have given money to keep [...]
Democratic Rifts Over Israel Burst to the Forefront in Congress
The divisions are erupting as the House weighs a G.O.P. bid to censure the only Palestinian-American member of Congress for criticizing Israel and vot [...]