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The Latest Breaking News from Senate Banking Committee

Crypto bill in limbo as stakeholders ramp up recess efforts

A five-week wait on a crucial Senate vote on major cryptocurrency legislation has opened wide a window of opportunity for both advocates and opponents of the measure, which would flesh out in greater detail a regulatory framework for the still-nascent industry’s U.S. operations. Just before the Senate adjourned for its…

Roll Call

The CLARITY Act Just Cleared Its Biggest Hurdle. The Fight Over It Is Just Starting.

The most consequential piece of cryptocurrency legislation in American history cleared the Senate Banking Committee on May 14 with a bipartisan 15-9 vote. Two Democrats crossed the aisle to advance it.

International Business Times

Explained: What is US Senate’s CLARITY Act and why does it matter for crypto investors?

The Republican-led Senate Banking Committee has advanced the long-awaited CLARITY Act, a landmark crypto regulation bill aimed at defining digital assets, resolving SEC–CFTC jurisdiction overlap, and setting rules for decentralised platforms. The move brings long-needed regulatory clarity, boosting industry confidence even as Democrats raise concerns over safeguards and stablecoin provisions.

The Economic Times

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Elizabeth Warren seeks information on Meta’s latest stablecoin plans in letter to Mark Zuckerberg

The senator called Meta’s lack of transparency “troubling”

Fortune

Bitcoin breaks $80k as long-awaited CLARITY Act approaches finish line

‘We’re in the red zone,” Senate Banking Committee chairman Tim Scott said

Fortune

Warsh vows Fed independence; Democrats assert financial conflicts

Kevin Warsh, the nominee to be next chairman of the Federal Reserve, promised senators Tuesday that the central bank would maintain its independence from the White House under his leadership and that he would divest assets that raised conflict-of-interest concerns among Democrats. Warsh tried to reassure lawmakers at the Senate…

Roll Call

Senate’s next crypto bill slowed by language in stablecoin law - Roll Call

Opponents of crypto interest want the rewards issue addressed in legislation that the committee is now cobbling together.

Roll Call

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Trump Fed Pick Says He's 'Not At All' A 'Puppet' As Elizabeth Warren Warns Stephen Miran Would 'Take An Axe' To Central Bank Autonomy

President Donald Trump‘s Federal Reserve nominee Stephen Miran defended his independence during a contentious Senate Banking Committee hearing on Thursday, as Democrats warned his appointment could undermine the central bank’s autonomy over monetary policy decisions.

Benzinga

Trump's Crypto Advisor David Sacks Says July Will Be A 'Big Month' — Says President Supports Legislation On Market Structure And Stablecoins

President Donald Trump's crypto and AI advisor, David Sacks, praised on Thursday the Senate’s timeline and plan for crypto legislation that proposes dividing oversight of digital assets between market regulators.

Benzinga

Stablecoins First Over Other Crypto Agenda: Senate Hearing On Digital Assets Triggers Frustration

Stablecoins took the spotlight during Wednesday's Senate Banking Committee hearing on digital assets, with Sen. Lummis noting that stablecoins will come first in terms of legislation.

International Business Times

Senate Banking approves Turner for HUD along party lines - Roll Call

The Senate Banking Committee backed former NFL player Eric Scott Turner to become Housing and Urban Development secretary.

Roll Call

Trump Ally Threatens Action If FDIC's Alleged 'Destruction' Of Crypto Choke Point Documents Proven

Sen. Cynthia Lummis said the FDIC has been accused of destroying materials related to Operation Choke Point 2.0, an alleged initiative by the Biden administration in coordination with regulators to block banks' engagement with digital assets.

International Business Times

'Banks Should Stay Silent,' Crypto Community Lashes Out At Jamie Dimon's Anti-Crypto Tirade

Not everyone was pleased with the latest development in the cryptocurrency industry and Dimon was one among them. He said he would close the industry down if he had the power.

International Business Times

Sen. Gillibrand wants her fellow Democrats to get on board with crypto legislation

Digital asset regulation has become a partisan issue, especially as a government shutdown looms.

Fortune

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McClatchy Washington Bureau

Will US consumers have to bail out struggling banks?

WASHINGTON — Could taxpayers wind up bailing out wealthy customers at banks such as Silicon Valley Bank, Signature Bank and others that are struggling?

Fortune

Lawmakers are trying to seize the crypto debate back

Can a divided Congress manage to pass legislation?

WEKU

Federal Reserve Chair Jerome Powell warns inflation fight will be long and bumpy

Speaking before the Senate Banking Committee, Powell warned the central bank may have to raise interest rates even more, sending stock markets sharply lower.

Tribune News Service

Fed’s Powell tells senators rate hikes could go higher, come faster

WASHINGTON — Hot inflation data could lead the Federal Reserve to raise interest rates to higher levels and at an accelerated pace, Federal Reserve Chairman Jerome Powell told the Senate Banking Committee on Tuesday.

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The Independent UK

Watch live: Federal Reserve chair Jerome Powell testifies before Senate committee

Watch live as the Federal Reserve chair delivers the semiannual monetary policy testimony before the Senate Banking Committee.

Roll Call

Senate pressure mounts on Biden to nominate first Latino to Fed - Roll Call

Several Senate Banking Committee Democrats are pushing President Joe Biden to nominate a Latino for the Federal Reserve Board.

Fortune

‘The nightmare isn’t over yet’: Senate Banking reckons with FTX fallout

In the latest congressional hearing on crypto, senators looked to the future of regulation.

Fortune

What's in Elizabeth Warren’s new crypto bill?

The money laundering-focused legislation could change the entire ecosystem.

Fortune

Star-studded Senate hearing illustrates massive divide over crypto in D.C.

Without Sam Bankman-Fried in attendance, senators focused on the future of the volatile industry.

Fortune

SBF was arrested before a pivotal congressional hearing on FTX’s monumental collapse. Here’s how to watch and what to expect

What questions will lawmakers ask with SBF in custody?

Fortune

Sam Bankman-Fried will testify before Congress

Uncertainty looms over next week’s hearings on FTX’s collapse.

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