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Sarah Bloom Raskin, the Biden administration’s nominee for most powerful banking regulator seat, has withdrawn her nomination Tuesday (March 15) after months of turmoil and opposition from Republicans along with one key Democrat, The Wall Street Journal reported.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...
A divided U.S. Senate Commerce Committee has voted to send the nominees for the Federal Communications Commission and Federal Trade Commission to the floor for confirmation votes, Reuters reported Thursday (March 3). The committee votes on the nominees came down 14-14, which means the full...
U.S. lawmakers considered legislation Tuesday (March 1) designed to protect online users. The House Committee on Energy and Commerce’s Subcommittee on Consumer Protection and Commerce invited consumer groups, policy makers and law enforcement officials to discuss the Banning Surveillance Advertising Act of 2022, Algorithmic Accountability Act...
The Biden administration is preparing sanctions against Russia that would come with banning U.S. financial institutions from processing transactions from Russia’s biggest banks if Russia invades Ukraine, Reuters reported Monday (Feb. 21). The measures would strike against the Russian economy by removing the “correspondent” banking...
Republicans in the Senate have blocked a vote on some of President Biden’s Federal Reserve nominees, The Wall Street Journal reported Tuesday (Feb. 15), as they refused to attend the vote. The vote was for all five picks for the Fed, and the main disagreement...
