Senate Banking Committee

The Federal Reserve maintained its benchmark interest rate between 3.5% and 3.75%, with three regional bank presidents dissenting. Federal Reserve Chairman Kevin Warsh emphasized efforts to address high inflation, which reached 4.2% in May due to the U.S. war with Iran and energy price shocks. The decision leaves room for future rate hikes if inflation persists, while acknowledging AI's mixed economic impacts.

Sen. Angela Alsobrooks will oppose the Senate’s crypto bill unless ethics provisions are strengthened, criticizing the GOP proposal for relying too heavily on the Justice Department. She argues state attorneys general should enforce ethics if the DOJ fails, as bipartisan negotiations face challenges over ethics language and concerns about President Donald Trump’s crypto ties.

Federal Reserve Chair Kevin Warsh stated the Fed will not bail out the cryptocurrency industry during a crisis, emphasizing a stance against moral hazard and referencing the 2008 financial crisis. He highlighted the upcoming deadline for implementing the GENIUS Act, which regulates stablecoins, and urged regulatory coordination to prevent arbitrage.

Elizabeth Warren claims Trump's CFPB overhaul has cost Americans billions. A Senate Banking Committee minority report links most of this cost to rollbacks of credit card late fee and overdraft fee rules.

President Trump is set to meet with senators to address the ethics provisions of the Digital Asset Market Clarity Act, which restricts government officials from crypto business interests. Democrats have conditioned support on these ethics limits, citing Trump's ties to the industry, while negotiators remain deadlocked. The bill passed the Senate Banking Committee but lacks a finalized ethics compromise.

Fed Chairman Kevin Warsh testified before the Senate banking committee. He also spoke to the House Financial Services Committee as part of required Capitol Hill appearances.

Federal Reserve Chairman Kevin Warsh testified before the House Financial Services Committee, stating the Fed will make high inflation 'a thing of the past' and described the economy as 'solid.' He emphasized the central bank's commitment to price stability and declined to provide forward guidance on interest rate changes.

Federal Reserve Chairman Kevin Warsh testified before Congress, stating the central bank aims to make high inflation 'a thing of the past' and described the economy as 'solid.' He emphasized the Fed's commitment to price stability and independence, avoiding direct projections on interest rate changes.

Federal Reserve Chairman Kevin Warsh testified before Congress, stating the central bank aims to make high inflation 'a thing of the past' and described the economy as 'solid.' He emphasized the Fed's commitment to price stability and independence from political influence, while declining to provide forward guidance on interest rate changes.

US Federal Reserve Chair Kevin Warsh emphasized the Fed's commitment to addressing inflation, dismissing a recent decline in consumer prices as 'just one datapoint' and avoiding direct answers about potential rate hikes. President Donald Trump cited the same inflation data to claim administrative success, while Warsh linked higher mortgage rates to inflation exceeding the Fed's goals.

Sen. Tim Scott, R-S.C., will host Kevin Warsh before the Senate Banking Committee on Wednesday for his first time testifying as Fed chairman. The hearing will focus on data centers and artificial intelligence.

Federal Reserve Chair Kevin Warsh faces his first congressional hearings on Tuesday and Wednesday, where he will address questions about task forces and his stance on interest rates amid inflation concerns linked to the Iran war. The Commerce Department is expected to report rising core inflation in June, which could prompt the Fed to tighten monetary policy.

Sen. Elizabeth Warren criticized Senate leaders for not including ethics restrictions in a cryptocurrency regulation bill. She raised concerns about President Trump's recent financial disclosures.

Trump calls for Congress to pass the Clarity Act crypto bill to honor Lindsey Graham. The Senate Banking Committee approved the bill 15-9 in May, with two Democrats joining Republicans to advance the legislation.

Donald Trump has been accused of 'brazen crypto corruption' after financial disclosures showed his family's cryptocurrency ventures generated over $1bn in his first year back in the White House. Elizabeth Warren and colleagues called for stricter regulations to prevent political figures from profiting off the crypto industry.

Congress has scheduled a hearing for the Digital Asset Market Clarity Act (H.R. 3633) on July 17 in New York. The bill aims to establish a regulatory framework by assigning the CFTC authority over Bitcoin spot markets and the SEC over investment contracts. It has gained momentum in Congress with bipartisan support but faces challenges in reconciling Senate and House versions.

The Senate passed a Trump-backed housing overhaul aimed at increasing affordable housing and blocking Wall Street investors from buying housing stock. The 21st Century Road to Housing Act includes provisions to streamline construction, offer grants, and adjust lending standards, with bipartisan support but some House GOP resistance.

The Senate is set to pass a bipartisan housing bill aimed at increasing housing supply and lowering prices by banning corporate investors from buying single-family homes. The legislation, which emerged from House-Senate negotiations, seeks to reduce federal regulations, expand homeownership opportunities, and address affordability challenges. The House is expected to approve the bill later this week before it is sent to President Donald Trump.

A US-Iran memorandum of understanding failed to resolve key issues like Iran's nuclear program, missile development, and proxy conflicts, deferring critical decisions to a potential future deal. The article attributes the current stalemate to the 2018 US withdrawal from the JCPOA, which led to Iran exceeding uranium enrichment limits and economic sanctions causing internal turmoil.

The Senate Banking Committee discussed measures to maintain U.S. dominance in advanced chips and AI, emphasizing the need to restrict exports to China. Proposed legislation like the AI Overwatch Act and Match Act aims to prevent China from accessing high-end chips and chipmaking tools while fast-tracking exports to allies.

Two senators introduced a resolution opposing Sam Bankman-Fried's pardon, arguing his 25-year sentence for fraud and money laundering serves justice. His clemency request is pending, with bipartisan opposition in Congress.

Democratic lawmakers are pressuring the three largest U.S. credit bureaus over allegations of unaddressed incorrect reports from federal student loan servicers. Senate Banking Committee ranking member Elizabeth Warren raised concerns in a letter shared with The Hill.

Elizabeth Warren has invited Nvidia CEO Jensen Huang to testify before the Senate Banking Committee on June 11 regarding export controls and business practices in China.

President Donald Trump appointed Federal Housing Finance Agency Director Bill Pulte as acting director of national intelligence, a decision influenced by Roger Stone and MAGA allies. Pulte, lacking intelligence experience, is expected to prioritize accelerating declassification of sensitive documents, including those related to Trump's 2020 election claims. Senate Republicans and Democrats have expressed skepticism about Pulte's confirmation due to his lack of national security background and potential conflicts with oversight.

Senator Lummis warns that China will set financial rules if the CLARITY Act fails. The Senate Banking Committee advanced the Act in May, but it requires approval from both Congress chambers and the president.

Donald Trump has pledged to establish a 'future-proof' digital asset market structure, aligning with the Clarity Act, which recently passed the Senate Banking Committee. However, analysts caution that the legislation faces significant hurdles in its path forward.

Representative Nick Begich introduced the American Reserve Modernization Act (ARMA) in Congress, which would establish a U.S. Strategic Bitcoin Reserve requiring the federal government to hold Bitcoin for at least 20 years and acquire up to one million BTC over five years. The legislation codifies President Trump's March 2025 executive order and would apply to Bitcoin already held by the government from criminal cases like Silk Road and Bitfinex seizures.

Rep. Nick Begich introduced the American Reserve Modernization Act (ARMA) to establish a permanent U.S. strategic bitcoin reserve, building on President Trump's March 2025 executive order. The bipartisan bill would authorize the Treasury to acquire up to 200,000 BTC annually for five years, targeting 1 million bitcoin total, with support from more than a dozen co-sponsors in Congress.

The Clarity Act has passed the Senate Banking Committee, providing a legal framework for crypto, but its impact on Bitcoin's price was short-lived. The act still needs to pass a full Senate vote and the House of Representatives. The market may have already priced in the expected regulation.

The Clarity Act, a cryptocurrency regulation bill, has advanced out of the Senate Banking Committee but still faces obstacles on the Senate floor and beyond. The legislation aims to provide guidelines for financial regulators on crypto industry regulation. Its success is uncertain due to several hurdles.

Bitcoin is testing the $80K resistance zone again with strong ETF inflows of over $600M in May, while the Senate Banking Committee advances the CLARITY Act to regulate the next crypto cycle. The market is driven by a mix of spot demand, policy momentum, and overhead resistance. Bitcoin's price is influenced by these factors.

Republicans are frustrated that the crypto industry's biggest political spender, Fairshake super PAC, hasn't stepped up to support them in the midterms despite their pro-crypto legislation wins. Fairshake has a massive $165 million war chest but hasn't announced which races it will target. Republicans are concerned that Fairshake may not oppose Ohio Democrat Sherrod Brown, who has softened his stance on crypto.

The CLARITY Act has advanced out of the Senate Banking committee, indicating progress in the legislative process. Ben Edgington has a finality plan, although details are unclear. The act's progression suggests potential clarity in signing processes.

The CLARITY Act has passed the Senate Banking Committee, bringing clear rules to the US crypto market and separating securities from commodities. This bill is expected to reduce legal risks and make it easier for institutions to enter the space safely. The act is predicted to have a positive impact on Bitcoin, XRP, and DOGE.

The Senate Banking Committee voted on the Digital Asset Market CLARITY Act, a comprehensive 309-page regulatory framework for digital assets in the US. Citi research projects a $143K Bitcoin target for 2026 if the act passes, with expectations of $15 billion in additional ETF inflows. Despite this potentially bullish regulatory development, Bitcoin is down 1.5% at $79.5K.

The Senate Banking Committee advanced a cryptocurrency regulation bill with bipartisan support, clearing a key hurdle with a 15-9 vote. The Clarity Act will now move to the floor. The bill received support from Democrats and Republicans.

The Clarity Act regulation bill for the cryptocurrency industry has cleared the Senate Banking Committee with a 15-9 vote, despite opposition from banks, unions, and law enforcement agencies. The bill aims to add predictable oversight to the industry. It still needs to clear the full Senate and the House before becoming law.

The Senate Banking Committee advanced the Digital Asset Market Clarity Act on a 15-9 vote, with two Democrats joining all 13 Republicans to move the bill to the full Senate. The bill aims to build a federal framework for digital asset trading and oversight. It now advances alongside a related bill from the Senate Agriculture Committee.

The Senate Banking Committee has advanced a landmark bill on crypto market structure, garnering some Democratic support. The bill aims to establish a framework for the regulation of cryptocurrency markets. This move marks a significant step towards legislative oversight of the crypto industry.

The Senate Banking Committee advanced the Clarity Act, a crypto regulation bill, by a vote of 15-9. This move is seen as a win for the crypto industry. The bill aims to provide clearer rules for the cryptocurrency sector.