senator
US Senator Sherrod Brown: Facebook is delusional
“Mark Zuckerberg has said that Facebook is more like a government than a company. That’s delusional.” US Senator Sherrod Brown said in a video tweet.
US Senator Pat Toomey Eyes Senate Banking Committee Chair and Digital Currency Regulations
United States Senator Pat Toomey said he will take on digital currency regulation and payments reforms should he become the Senate Banking Committee’s next chairman.
Republican Senator Cynthia Lummis Bought Bitcoin for Value Store and Censorship Resistance
Republican Senator Cynthia Lummis is now bullish on Bitcoin, promises to educate her colleagues in Congress on Bitcoin, Financial innovation
Australian Senator Andrew Bragg: Blockchain Can 'Rebuild Confidence' in Financial Services
Australian Liberal Senator Andrew Bragg has expressed optimism on the potential of blockchain technology to help ‘Rebuild Confidence’ in the financial services sector
US Senator Demands Answers from Twitter Over Massive Bitcoin Hack Incident
US senator Josh Hawley has urged Twitter to cooperate with fed agencies and take necessary measures to secure the social media site before the cyber hacking accounts of celebrities, politicians, technology moguls, and major firms in an apparent Bitcoin scam expands further.
US Senator Challenges Apple and Google about Fraudulent Crypto Apps
Cryptocurrency scams remain a serious problem. U.S. Senator. Sherrod Brown requests app store operators, including Apple and Google, to crack down on the problem.
US Senators Urge FTC to Address AI-Enabled Scams Targeting Older Americans
US Senators have written to the FTC, urging action against AI scams targeting older Americans, emphasizing the need for detailed data tracking and effective countermeasures.
Meta Platform's CEO Gets Probed by Senators on Crime Combating Measures on its Apps
A group of U.S Senators wrote a letter to Meta’s CEO, Mark Zuckerberg on Thursday to inquire about strategies he is putting in place to mitigate the rise in fraud as a result of cryptocurrency use through Meta’s platforms such as Whatsapp, Facebook, and Instagram as reported by other social media platform
Binance Responds to U.S. Senators Letter, Excludes Financial Data
Binance has responded to a letter from U.S. Senators sent earlier this month requesting information about the crypto exchange’s operations in the country, including its balance sheet. Despite omitting financial data from the letter, Binance reportedly sent the information to U.S. regulators. In the 14-page document, Binance's chief strategy officer, Patrick Hillman, addressed the exchange's compliance history and recognized previous mistakes while claiming the firm has built solid Know Your Customer and Anti-Money Laundering policies in recent years. However, the response failed to address the senators’ concerns about Binance’s lack of transparency.
Binance responds to US senators' request
Binance has responded to a letter from US senators requesting information about the exchange's operations in the US, but it did not provide the financial data requested. The exchange's chief strategy officer recognized past mistakes and emphasized the firm's compliance efforts, but failed to address the senators' concerns about transparency.
Senator Cynthia Lummis Defends Bitcoin Again, Says it “Cannot be Stopped”
In an interview with Hard Money host, Natalie Brunell, Senator Lummis boldly affirmed that Bitcoin “can’t be stopped”.
U.S. Tightens Microchip Export to Sustain AI Leadership Over China
Senator Mike Rounds highlighted the U.S.'s marginal lead in AI over China, measurable in months. The U.S. restricts AI chip exports to China to maintain this edge. Meanwhile, China's significant AI advancements, despite challenges like U.S. sanctions and technology gaps, underscore the intensifying global AI race.
U.S. Senators Urge Treasury and IRS for Swift Cryptocurrency Tax Rule Implementation
A group of U.S. Senators has expressed concern over a two-year delay in implementing tax reporting requirements for crypto brokers, urging the Treasury Department and IRS to expedite the process to close the crypto tax gap, provide clarity for taxpayers, and secure billions in lost tax revenue. The delay contradicts the directives of the Infrastructure Investment and Jobs Act and gives leeway to crypto lobbyists opposing the rule.
Circle Formally Refutes Allegations of Illicit Financing and Connections to Justin Sun
Circle denies CfA's allegations of illicit financing and Justin Sun ties, emphasizing regulatory compliance and advocating for stronger stablecoin laws, as clarified by Dante Disparte.
Bitcoin is a Freedom Friendly Type of Currency- Sen Cynthia Lummis
Senator Cynthia reiterated the role of Bitcoin as a freedom tool against oppressive governments.
Facebook’s Libra Likened to 2008 Subprime Mortgage Fiasco
Senator Brown compared Facebook's Libra to the subprime mortgage scenario. His sentiments show the divided debate facing the Libra project.
Former Australian Politician Converts to "Millennial’s Version of Gold" - Bitcoin
The former senator for South Australia, Cory Bernardi, has joined the Bitcoin bandwagon lately, seeing it as the millennial’s version of gold.
Binance Follows Bybit in Appointing Top Compliance Official
Maxwell Baucus, former U.S. senator and ambassador to China, has joined Binance. The top official will become policy advisor and government liaison to the exchange. Given Baucus’s influence in US political circles, the move should support Binance’s expansion efforts within North America, where its Binance US platform operates.
Facebook’s Libra Encouraged to Exclude the Chinese Yuan Being Tied to the Stablecoin
While Facebook is facing regulatory approvals for its Libra project, Facebook told US senators that the initial group of currencies that Libra will be likely backed by the US dollar, Euro, Yen, British Pound, and the Singapore dollar.
What are the 7 Key Takeaways from Facebook's Libra Hearings?
The debate on Facebook's Libra continues with the hearing with Senate Banking Committee on 16 July and the United States House Committee of Financial Services on 17 July. Here are the 7 key takeaways from the two hearings.
Twitter and Facebook Grilled in Senate Hearing Over Social Media Censorship of US Presidential Election
Facebook and Twitter are facing heat from US Congress for how they handled political misinformation circulating on the social media platforms.
Crypto Wallets Holding More Than 10,000 Bitcoin Hit a 2020 Record High
Santiment revealed that crypto wallets holding at least 10,000 BTC have reached a record high of 111 in 2020, indicating positive sentiment from Bitcoin whales.