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“#Treasury chief says no debt ceiling raise is a ‘catastrophe’” Treasury Secretary Janet Yellen warned on Sunday that it would be a “catastrophe” if Democrats and Republicans fail to raise the debt ceiling, and painted a dire picture of the consequences such a scenario would have on Americans and the US economy. The Senate voted…
“#Bernie Sanders won’t condemn Kyrsten Sinema harassment amid spending bill spat” Sen. Bernie Sanders (I-Vt.) refused to sign on to a statement condemning last weekend’s harassment of Sen. Kyrsten Sinema (D-Ariz.) unless it included language pressuring her to change her stance on the proposed $3.5 trillion social spending bill, Axios reported late Wednesday. An initial…
“# US Senator Warren introduces bill to study crypto’s role in ransomware ” As cryptocurrency adoption continues apace in the United States, lawmakers want to better understand how it’s used — for both legal and illegal purposes. The Ransom Disclosure Act, introduced by Senator Elizabeth Warren and Congresswoman Deborah Ross, would require victims of ransomware…
“#5 takeaways from Facebook whistleblower Frances Haugen’s Senate testimony” Facebook whistleblower Frances Haugen testified in front of a key Senate subcommittee on Tuesday, sounding the alarm about everything from Instagram’s effect on teen girls to the national security threats posed by Facebook. She said the company needs to declare “moral bankruptcy.” Prior to her three-hour…
“# New Australian crypto legislation likely in 2022, Senator Bragg tells NFT Fest ” Liberal Senator Andrew Bragg has told a local industry event that Australia’s digital asset plan to create cryptocurrency-related legislation is “coming” soon and could be enacted in 2022. He also backed plans to run the sector on renewable energy as part…
“#Sen. Richard Blumenthal asks Facebook exec to ‘end finsta’ at hearing” Sen. Richard Blumental asked a top Facebook executive on Thursday if the company would “commit to ending ‘finsta’” – apparently unaware of the term’s true meaning. Blumenthal (D-Conn.) questioned Facebook’s Global Head of Safety Antigone Davis as part of a Senate committee hearing that…
“#Senators skewer Facebook exec over Instagram’s impact on kids” Senators slammed Facebook in a contentious hearing with its safety chief on Thursday, blasting the company over leaked research showing that Instagram can make body issues worse for many teen girls. “While Facebook publicly denies that Facebook is harmful for teens, privately Facebook experts and researchers…
“#Tragic cost of Biden’s Afghanistan lies: Goodwin” Biden lied, they died. That’s no longer just an accusation. It’s now a fact, with Tuesday’s Senate testimony shredding President Biden’s nonsensical fictions about Afghanistan and confirming that he alone made the fateful decisions that created the chaotic and deadly withdrawal. We now know for certain what was…
“#Manchin, Sinema and The Squad might just stop the $3.5T monstrosity” Can Joe Manchin and Kyrsten Sinema save America from ruin? All of Washington is watching as Monday’s deadline approaches for a House showdown over the bipartisan infrastructure bill passed by the Senate. Moderate and progressive Democrats are each trying to call the other’s bluff. The…
“# Law Decoded: US as an anatomical theater of crypto regulation, Sept. 13–20 ” Fall is traditionally the open season for United States financial regulators. The thicket of news coming out of Capitol Hill, federal courts and various regulatory agencies can feel overwhelming around this time, especially for those of us residing outside of these…