John Kennedy | Capital Bureau | USA TODAY NETWORK – FLORIDA What is the Senate’s Genius Act? The Genius Act, along with other crypto bills, will be reviewed by the House during “Crypto Week.” Two Florida representatives elected with support from the cryptocurrency industry are expected to back a new crypto regulatory bill. The GENIUS
“Mr. Quarles spent his tenure as a top financial regulator in the United States weakening safeguards for megabanks at the expense of financial stability and the American public,” said Warren, a former U.S. presidential hopeful who is the most senior Democrat on the Senate banking committee. “It would be deeply troubling if this FSB review
One of the many ways that Donald Trump‘s first presidential term was unprecedented is that his brazen self-dealing triggered multiple federal lawsuits alleging violations of the Emoluments Clause, or the provision of the U.S. Constitution that bars federal officials from accepting money and gifts from both foreign and domestic actors. But two of those suits
The Senate Banking Committee would shut off the Consumer Financial Protection Bureau’s funding stream from the Federal Reserve to provide the vast majority of deficit reduction in reconciliation provisions released Friday. The panel posted an eight-page text that would restrict the CFPB from requesting a transfer from the Fed, according to a section-by-section explanation of
This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. Jonathan Gould, the nominee to head up the Office of the Comptroller of the Currency, pledged to “shine a spotlight” on any de-banking activities during a Senate Banking Committee nomination hearing Thursday. Gould,