Senate

The Unintended Consequences of Durbin’s Proposed Routing Legislation
The Unintended Consequences of Durbin’s Proposed Routing Legislation
October 10, 2022  |  Credit Cards

It’s a movie that everyone in the payments industry has seen at least once: Merchants challenging the card networks over interchange. The latest attempt, spearheaded...

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Senate Bill Would Offer Safe Harbor for Crypto Exchanges
Senate Bill Would Offer Safe Harbor for Crypto Exchanges
September 30, 2022  |  Cryptocurrency

A new proposal would offer cryptocurrency exchanges a safe harbor for listing tokens that might be securities. Draft legislation by Senate Banking Committee member Bill...

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Lawmakers Debut House Version of Credit Card Competition Act
Lawmakers Debut House Version of Credit Card Competition Act
September 19, 2022  |  Credit Cards

A pair of U.S. congressmen have introduced the House companion to the Senate’s Credit Card Competition Act of 2022, designed to bring more choice to...

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Why a Senate Bill’s $50 Tax Exemption Won’t Boost Crypto Spending
Why a Senate Bill’s $50 Tax Exemption Won’t Boost Crypto Spending
July 26, 2022  |  Cryptocurrency

A pair of U.S. senators have introduced a bipartisan bill to exempt low-value cryptocurrency transactions from capital gains tax reporting requirements. Legislation introduced on Tuesday...

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GOP Bill Would Ban App Stores From Supporting Apps That Accept Digital Yuan
GOP Bill Would Ban App Stores From Supporting Apps That Accept Digital Yuan
May 26, 2022  |  CBDC

Republican U.S. lawmakers want to ban app stores from hosting apps that let payments be made with the Chinese digital currency, Reuters reported Thursday (May...

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US Senators Set to Unveil Crypto Bill
US Senators Set to Unveil Crypto Bill
May 24, 2022  |  Cryptocurrency

A big effort to regulate crypto in the U.S. could come with a bill to set roles for the two government watchdogs, a report from...

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Senate Democrats Grill Visa, Mastercard over Swipe Fees
Senate Democrats Grill Visa, Mastercard over Swipe Fees
May 05, 2022  |  Payment Methods

At a U.S. Senate hearing Wednesday (May 4), Visa and Mastercard defended their credit card fees while retailers and consumer groups accused the card networks...

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US Senate Finance Committee Chair Urges Caution on Crypto Rules
US Senate Finance Committee Chair Urges Caution on Crypto Rules
March 07, 2022  |  Cryptocurrency

The chairman of the United States Senate Finance Committee is urging fellow Democrats to protect cryptocurrency innovators. In an interview with The Financial Times, Sen....

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Senate Unanimously Approves Cybersecurity Legislation
Senate Unanimously Approves Cybersecurity Legislation
March 02, 2022  |  Security & Fraud

The U.S. Senate has approved new cybersecurity legislation that will make it so infrastructure organizations have to report cyberattacks within 72 hours and ransomware payments...

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