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“#Biden’s double dose of ineptitude: Goodwin” If you are one of those people who wants more Joe Biden, Tuesday was your lucky day. The president delivered a double dose by holding forth on two distinct topics bedeviling his presidency. The first was a long-winded, dreary and convoluted planned address on his administration’s response to the…
“# Bitcoin book for American policymakers gets 5x funding on Kickstarter ” A group of eight Bitcoin (BTC) enthusiasts launched a Kickstarter campaign to publish an educational book for America’s federal policymakers, to reduce their reliance on the traditional media narrative on cryptocurrencies. The campaign managed to attract $23,151 in funding, nearly five times the…
“# Senate hearing on stablecoins: Compliance anxiety and Republican pushback ” On Dec. 14, the United States Senate Banking, Housing and Urban Affairs Committee held a hearing titled “Stablecoins: How Do They Work, How Are They Used, and What Are Their Risks?” The testimonies, both spoken and written, focused largely on the last two issues,…
“# US Senate confirms CFTC chair as President Biden announces commissioner picks ” Congressional lawmakers confirmed the nomination of Rostin Behnam, a commissioner at the Commodity Futures Trading Commission who had been serving as acting chairperson, to assume his position on a more permanent basis. In a Wednesday evening voice vote, members of the U.S….
“#Liz Cheney at forefront of hollow Jan. 6 war : Devine” It must be nice to be Liz Cheney these days. There she is sitting on the Jan. 6 committee with her fellow GOP turncoat, Adam “Crybaby” Kinzinger, surrounded by new Democrat friends who flatter her and pay her great respect. The New York Times…
“# Crypto in the House: Execs on the march, US partisan politics and Web3 ” On Dec. 8, top executives from six major crypto companies faced the United States House of Representatives’ Financial Services Committee during a special hearing on digital assets. While the tone of the conversation was largely proclaimatory, the industry reacted with…
“# Witnesses offer differing opinions on approach to stablecoins at congressional hearing ” The Senate Committee on Banking, Housing and Urban Affairs heard from several expert witnesses with knowledge of stablecoins who urged lawmakers to establish a clear regulatory framework but could not seem to agree on where lines would be drawn. In a Tuesday…
“# ‘DeFi is the most dangerous part of the crypto world,’ says Senator Elizabeth Warren ” Massachusetts Senator Elizabeth Warren did not hold back in her criticism of decentralized finance, expressing concern about how a run on stablecoins would affect the average investor. In a Tuesday hearing with the Senate Banking Committee discussing stablecoins, Warren…
“# Law Decoded: A different Congress hearing, Dec. 6–13 ” The biggest regulatory story of the week was a United States House Committee on Financial Services hearing squarely focused on crypto. Even the event’s title — “Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of Financial Innovation in the United States”…
“# Congressman jokes about a Mongoose Coin: Now it exists ” Democratic representative for California Brad Sherman joked about how ridiculous a “Mongoose Coin” would be on Wednesday — and by Friday it had become a reality. During Wednesday’s hearing on crypto at the House Financial Services Committee, Sherman spun a tale of an old…