Senate Banking Committee

Senator Toomey Sounds Alarm for Stablecoin Regulation

Senator Toomey Sounds Alarm for Stablecoin Regulation
Senator Toomey Sounds Alarm for Stablecoin Regulation
May 06, 2022  |  Cryptocurrency

Regulation is needed immediately for the $180 billion stablecoin market or “bad things will happen” to people’s investments, Senator Pat Toomey (R-Pennsylvania) said in an...

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CFPB’s Chopra Tells Senators to Expect More on Big Tech, Repeat Offenders and Open Banking
CFPB’s Chopra Tells Senators to Expect More on Big Tech, Repeat Offenders and Open Banking
April 27, 2022  |  CFPB

The testimony of Rohit Chopra, director of the Consumer Financial Protection Bureau (CFPB), before the Senate Banking Committee on April 26 offered important insights into...

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Sen Warren Calls DeFi the ‘Most Dangerous’ Part of Crypto at Senate Hearing
Sen Warren Calls DeFi the ‘Most Dangerous’ Part of Crypto at Senate Hearing
December 14, 2021  |  Cryptocurrency

One of the biggest moments at the Senate Banking Committee’s stablecoin hearing Tuesday (Dec. 14) was a declaration by Sen. Elizabeth Warren (D-Mass.) that decentralized...

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Today In Payments: Big Banks Express Caution Over Crypto; Amazon Reportedly Interested In Physical Pharmacies
Today In Payments: Big Banks Express Caution Over Crypto; Amazon Reportedly Interested In Physical Pharmacies
May 27, 2021  |  News

In today’s top news, executives from the biggest U.S. banks warned the Senate of the volatility of cryptocurrencies, and Amazon is reportedly looking into starting...

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Mnuchin, Powell Testify CARES Is Working
Mnuchin, Powell Testify CARES Is Working
May 19, 2020  |  Economy

In a joint appearance before the Senate Banking Committee, Federal Reserve Board Chairman Jerome Powell and Treasury Secretary Steven Mnuchin praised the $2 trillion CARES...

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Senate Hearing Focuses On Need For Crypto Oversight
Senate Hearing Focuses On Need For Crypto Oversight
July 30, 2019  |  Cryptocurrency

In crypto, only a few trust? Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

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Senate Grills Facebook’s Marcus Over Libra
Senate Grills Facebook’s Marcus Over Libra
July 17, 2019  |  Cryptocurrency

There were many questions, many comments, a few evasions and about the expected amount of histrionic blustering on display when David Marcus, Facebook’s head of...

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Marcus: Facebook’s Libra To Be Regulated By Swiss Gov’t
Marcus: Facebook’s Libra To Be Regulated By Swiss Gov’t
July 15, 2019  |  Cryptocurrency

David Marcus, the head of Facebook’s blockchain department and the face of its proposed cryptocurrency Libra, has released his congressional testimony ahead of a scheduled...

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