Senate Banking Committee

Blockchain, crypto tech need clear rules of the road

08/07/19

Ambiguity about which laws apply to blockchain technology has prevented certain companies from doing business in the United States.

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2020 race pulls Warren away from Senate Banking

08/06/19

The panel has had 13 public meetings since the Massachusetts senator’s last appearance, in May.

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Bipartisan AML bill is just the right touch

08/02/19

Under the Illicit Cash Act, anti-money-laundering rules would be clearer — so banks would have no excuses for noncompliance.

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Waters, Brown warn regulators not to weaken margin rules

08/01/19

Expanding exemptions for initial margin requirements on swaps transactions “would harm financial stability and U.S. taxpayers,” said the top Democrats on the House and Senate banking panels.

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GOP senators pressure banking agencies for more reg relief

07/30/19

Among other things, the letter asked the regulators to ease requirements for a new community bank leverage ratio and analyze the impact of the pending CECL accounting change.

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Crypto holds public promise and potential for danger: Senators

07/30/19

Two weeks after lawmakers grilled a Facebook exec over Libra, they acknowledged benefits from digital currency technology while warning of the risks.

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Democrats try to force Fed's hand on faster payments

07/24/19

Lawmakers including presidential hopeful Elizabeth Warren have introduced a bill that would put the Federal Reserve in charge of creating its own real-time payments network.

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Is a hearing on pot banking as far as GOP will go?

07/23/19

Despite the Senate Banking Committee’s willingness to discuss the issue, Republican support for legislation is still in question.

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Senators press Fed's Powell on real-time payments

07/22/19

A group of senators on the Banking Committee sent a letter to the central bank chairman grilling him on the agency's efforts to develop a real-time payments system.

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Despite outcry, Congress unlikely to block Facebook's crypto plan

07/19/19

Lawmakers from both parties strongly criticized Libra this week, but largely steered clear of proposals to stop it.

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