In the battle of cryptocurrency vs. regulators, one regulator is apparently winning. A report Tuesday (July 11) by Bloomberg News looks at Securities and Exchange Commission (SEC) Chairman Gary...
Barely a week has gone by since the Fed “paused” its policy of hiking interest rates. And the pause may prove short-lived — signaling some...
A quartet of Senate Democrats want Venmo and Cash App to offer better fraud protection. The four senators — Sherrod Brown of Ohio, Elizabeth Warren...
At the latest hearing focused on the Consumer Financial Protection Bureau, things got heated even before Director Rohit Chopra uttered a word. At the Wednesday...
House Republicans have unveiled legislation they say fills in gaps in the country’s cryptocurrency regulations. The draft proposal, authored by Reps. Patrick McHenry of North Carolina...
Artificial intelligence (AI) technology’s dramatic surge in the private marketplace has caught lawmakers’ attention. This, as leaders of the G7 nations — the U.S., U.K.,...
U.S. lawmakers faced off Thursday (May 18) over two proposed stablecoin bills. Both bills under consideration would allow both banks and non-banks to issue stablecoins. It was...
A top House Republican says White House “mismanagement” helped trigger the recent banking crisis. Rep. Patrick McHenry (R-N.C.) chairs the House Financial Services Committee, which...
The head of ChatGPT parent OpenAI is pleading with Congress to regulate his company’s technology. Testifying before a Senate subcommittee Tuesday (May 16), Sam Altman likened artificial intelligence’s...