Senate Banking Committee

Blockchain, crypto tech need clear rules of the road


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


2020 race pulls Warren away from Senate Banking


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


Bipartisan AML bill is just the right touch


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


Waters, Brown warn regulators not to weaken margin rules


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.


GOP senators pressure banking agencies for more reg relief


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.


Crypto holds public promise and potential for danger: Senators


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


Democrats try to force Fed's hand on faster payments


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.


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


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


Senators press Fed's Powell on real-time payments


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.


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


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