By Hannah Lang (Reuters) – Outside political groups tied to the cryptocurrency industry have raised more than $102 million to spend on the upcoming U.S. congressional elections in order to elevate candidates who are friendly to digital assets, according to a report from Public Citizen. WHY IT’S IMPORTANT Only two other political groups, or super
Senate Majority Leader Chuck Schumer (D-NY) surprised and pleased longtime critics of his frequent role as Wall Street’s man in Washington by stepping up to his new job and becoming an effective floor leader for President Biden’s expansive progressive programs. However, when it comes to insider deals for the financial industry, Schumer can still be
The Blockchain Association, an industry trade group representing the crypto industry in Washington D.C., sent a second letter to leadership in the House Financial Services Committee and Senate Banking Committee expressing deep concern over a bill titled the Digital Asset Anti-Money Laundering Act of 2023 (DAAMLA). Senator Elizabeth Warren (D-Mass.) sponsored the legislation, with 19