The Biden administration has scored a win for its financial regulatory team, as Michael Barr was finally confirmed as the vice chair for supervision of the Federal Reserve Wednesday (July 13) by the Senate. Barr’s confirmation will give the central bank a full seven-member board...
Beset by scandals and following critical electoral defeats last month, Boris Johnson announced last week that he would be stepping down as prime minister of the United Kingdom, triggering a leadership race among the Tory party. Read more: UK’s Boris Johnson Resignation May Delay Crypto,...
U.S. Sen. Pat Toomey wants answers on why the Federal Reserve Bank of Kansas City, he says, revoked a master account for the FinTech Reserve Trust, Reuters wrote Thursday (June 9). The master account gives Colorado-based Reserve Trust access to the Fed’s payments services, which...
President Joe Biden’s nominee for Federal Reserve vice chair of banking supervision, Michael Barr, has moved closer to winning the nomination after a lengthy process, The Wall Street Journal (WSJ) wrote Wednesday (June 8). The Senate Banking Committee on Wednesday has voted to support Barr...
Cryptocurrency executives are banking on U.S. politics more than many industrial stalwarts, a report said, with political donations from crypto going beyond $26 million during 2021 and the first three months of 2022. The cash has gone beyond spending by internet giants, drug makers and...
U.S. Rep. Ritchie Torres, a New York Democrat who sits on the House Financial Services Committee, said New Yorkers should support the cryptocurrency market, CNBC reported Tuesday (May 17) — though reports have him benefiting tremendously from crypto donors. This all comes as crypto investors...
Amazon founder Jeff Bezos said President Joe Biden was misleading after Biden tweeted that inflation could be curbed if wealthy corporations were forced to “pay their fair share,” Bloomberg reported Saturday (May 14). Biden tweeted on Friday (May 13), “You want to bring down inflation?...
Elon Musk said he would reverse the Twitter ban of former President Donald Trump, calling it “not correct” and a “morally bad decision,” according to The Wall Street Journal. “I do think that it was not correct to ban Donald Trump. I think that was...
Sarah Bloom Raskin, the Biden administration’s nominee for most powerful banking regulator seat, has withdrawn her nomination Tuesday (March 15) after months of turmoil and opposition from Republicans along with one key Democrat, The Wall Street Journal reported. The withdrawal will be a severe blow...
