Lummis is pushing back hard after Warren blasted the CLARITY Act as a loophole machine for illicit crypto finance. The bill’s fate is still murky, with Senate math, enforcement fears, and a July vote window all hanging in the balance.
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Senator Elizabeth Warren is pressing the U.S. Department of Labor to block Bitcoin and other crypto assets from 401(k) retirement plans, arguing that Americans’ nest eggs should not be exposed to volatile, fee-heavy bets dressed up as innovation. Warren, Sanders, and Scott want the Labor Department to scrap the proposed rule Crypto in 401(k)s could […]
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Elizabeth Warren is taking aim at the OCC’s approval of national trust charters for crypto firms, while The Digital Chamber says the regulator acted within the law and finally gave digital asset businesses a sane path into federal oversight. Warren’s claim: at least nine crypto firms may have received charters they don’t qualify for The […]
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Senator Elizabeth Warren is taking a hard swing at the Office of the Comptroller of the Currency (OCC), accusing the federal bank regulator of giving crypto firms bank-like perks through national trust charters without forcing them to play by bank-level rules. Warren says the OCC is handing crypto firms regulatory loopholes Nine national trust charters […]
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The Senate Banking Committee’s CLARITY Act markup is turning into a legislative brawl, with more than 100 amendments filed and crypto once again under heavy fire from the usual suspects in Washington. 100+ amendments are now in play Elizabeth Warren is leading a broad anti-crypto push Jack Reed and Tina Smith are targeting stablecoin yields […]
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Elizabeth Warren is pressing Meta for answers about its reported stablecoin plans, warning that a company with its reach should not get anywhere near private control of digital payments without serious scrutiny. Meta stablecoin plans are drawing fresh Senate scrutiny USDC creator payouts may be only the starting point Privacy, competition, and financial stability are […]
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Senator Elizabeth Warren is turning up the heat on Meta’s USDC payment pilot, demanding answers about a move that could give Big Tech a bigger grip on money, data, and payments infrastructure. Warren wants answers by May 20 Meta is testing USDC payouts in Colombia and the Philippines The pilot uses Solana, Polygon, and Stripe […]
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DOL’s Bold Move: Crypto in 401(k)s Sparks Firestorm of Hope and Doubt A groundbreaking proposal from the U.S. Department of Labor (DOL) has dropped like a lightning bolt, aiming to let 401(k) retirement plans—those nest eggs for millions of American workers—dive into cryptocurrencies like Bitcoin and Ethereum, alongside other high-risk assets. With a $12.5 trillion […]
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Elizabeth Warren Targets MrBeast Over Teen Crypto Risks at Step, Sets April 3 Deadline Senator Elizabeth Warren has fired a warning shot at Beast Industries and YouTube titan Jimmy Donaldson, aka MrBeast, over their acquisition of Step, a fintech app with a dodgy past of pushing cryptocurrency trading on teenagers. In a pointed letter dated […]
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Senator Warren Leads Democrat Push for Binance Investigation Amid Trump Crypto Ties Binance, the titan of cryptocurrency exchanges, is back under the microscope as Senator Elizabeth Warren and a coalition of 11 Democratic senators demand a hard-hitting investigation into the platform’s compliance with a historic 2023 settlement. With fresh allegations of transactions linked to Iranian […]
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