Senate Banking advances Scott's debanking bill
The Senate Banking Committee voted Thursday to advance legislation seeking to strike "reputational risk" from the toolkit of U.S. regulators considering vulnerabilities at financial institutions. Why it matters: Supporters of the FIRM Act argue that it removes a subjective standard open to abuse by administrations looking to target disfavored industries.
GENIUS Act Clears Senate Banking Committee: What It Means For Stablecoins
Senator Hagerty’s GENIUS Act advances out of banking committee with bipartisan support despite Elizabeth Warren’s warnings about crypto risks and consumer protection concerns.
Senate Banking Committee advances GENIUS stablecoin bill
The United States Senate Banking Committee elected to advance the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act in an 18-6 vote. None of the amendments proposed by Senator Elizabeth Warren made it into thebill,
Senate Banking panel advances stablecoin bill
The Senate Banking Committee voted Thursday to advanced legislation to create a regulatory framework for payment stablecoins. The movement on the GENIUS Act marks a key win for the Trump
Senate panel takes up debanking reform, first digital assets bill
The Senate Banking Committee is considering bills to create a regulatory framework for dollar-denominated stablecoins and to prevent debanking due to "reputational risk."
Decrypt19h
Senate Stablecoin Bill Passes Out of Committee With Strong Bi-Partisan Support
The bill’s sponsors say they intend for the GENIUS Act to receive a full vote on the Senate floor by the end of next month.
Senate poised to advance landmark crypto bill, Warren warns of Elon Musk ‘controlling’ financial system
After a wave of support and donations from the crypto industry swept Donald Trump and a group of pro-blockchain lawmakers ...
American Banker14h
Bank-favored riders fail as stablecoin bill passes committee
A much-anticipated stablecoin bill advanced to the full Senate in an 18-6 vote, giving it a promising path to pass with 60 votes. But amendments banks favored were shut out of the markup.
The Berkshire Eagle4h
Counterfeit bills are circulating in the Berkshires. 'As a small business, it's a hard hit,' one owner said
Three Berkshire businesses were recently targeted by counterfeit bills, with one plant shop owner losing $100. As citizens ...
Credit Card Interest Rates to Change Under New Bill
A new bipartisan bill introduced by Representatives Alexandria Ocasio-Cortez and Anna Paulina Luna aims to cap credit card ...
Florida legal aid groups warn bank-backed legislation could slash their funding
A feud over money banks pay to legal aid organizations to pay for legal help for the poor is in front of the Legislature.