Bills opposing a central bank digital currency (CBDC) in the U.S. have been introduced at both the federal and state level. Sen. Ted Cruz, R-Texas, announced a bill Tuesday (March 21) that would prohibit the Federal Reserve from developing a direct-to-consumer CBDC. “The federal government...
Another day, another congressional committee hearing on the FTX crypto collapse. Fresh off of Tuesday’s (Dec. 13) House Financial Services Committee hearing covering the collapse of cryptocurrency exchange FTX, the Senate Committee on Banking, Housing, and Urban Affairs held its own earlier Wednesday (Dec. 14)....
Four U.S. senators have signed a letter to SoFi Technologies CEO Anthony Noto expressing concerns about the online personal finance company and online bank’s digital asset trading activities and asking if it is working to conform them to U.S. banking law. Noting that SoFi is...
Three weeks after releasing a report focused on frauds and scams on Zelle, U.S. Sen. Elizabeth Warren has sent a letter to the Consumer Financial Protection Bureau (CFPB) summarizing the findings and encouraging the agency to update and strengthen its regulation of that and other...
March 22, 2023
Bills opposing a central bank digital currency (CBDC) in the U.S. have been introduced at both the federal and state level. Sen. Ted Cruz, R-Texas, announced a bill Tuesday (March 21) that would prohibit the Federal Reserve from developing a direct-to-consumer CBDC. “The federal government has no authority to unilaterally establish a central bank currency,” […]
November 21, 2022
Four U.S. senators have signed a letter to SoFi Technologies CEO Anthony Noto expressing concerns about the online personal finance company and online bank’s digital asset trading activities and asking...
October 28, 2022
Three weeks after releasing a report focused on frauds and scams on Zelle, U.S. Sen. Elizabeth Warren has sent a letter to the Consumer Financial Protection Bureau (CFPB) summarizing the...
July 20, 2022
American and Canadian cannabis companies saw their stocks rise Wednesday (July 20) ahead of a U.S. Senate hearing on possible federal marijuana decriminalization. According to published reports, the Senate Judiciary...
