Senators

US Senators Warren, Sanders Ask Key Bank Regulator to Rescind Crypto Guidance

In an open letter addressed to Acting Comptroller Michael Hsu, the lawmakers said they were concerned that several interpretative letters published in 2020 and 2021 under former Acting Comptroller Brian Brooks (now CEO of crypto company Bitfury), which allowed banks to provide crypto custody services, hold stablecoin reserves and engage in other crypto-related activities, “essentially …

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Senators Stabenow, Boozman introduce crypto bill that extends CFTC’s regulatory powers

United States Senate Agriculture Committee chair Debbie Stabenow and ranking member John Boozman introduced the Digital Commodities Consumer Protection Act bill on Wednesday. The bill has been expected for several months. Like the Digital Commodities Exchange Act (DCEA) introduced into the House of Representatives by members of the House Agriculture Committee in April, the new …

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Senators Pen Letter On Fidelity’s Bitcoin 401(k) – Bitcoin Magazine

U.S. Senators wrote an open letter to the CEO of Fidelity regarding its bitcoin 401(k) plan. Senators condemned the financial institution for offering bitcoin as an optional retirement investment strategy. The senators also recognize the struggles of Americans trying to save for retirement but can’t seem to understand traditional finance is the problem. An open …

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