Category: Elizabeth Warren

After Fed Members Disclose Million-Dollar Stock Trades Fed’s Powell Initiates Ethics Inquiry

After Fed Members Disclose Million-Dollar Stock Trades Fed’s Powell Initiates Ethics Inquiry

The Federal Reserve chairman Jerome Powell has directed his staff to start an ethics inquiry into the financial activities of Fed members, as a number of senior central bank officials are being questioned for their investments. Reports indicated last week that the president of the Dallas Federal Reserve branch, Robert Kaplan, benefitted from “multiple million-dollar-plus […]

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US Senator Warren Presses SEC to Address Crypto Exchange Outages, High Transaction Fees, Financial Inclusion

US Senator Warren Presses SEC to Address Crypto Exchange Outages, High Transaction Fees, Financial Inclusion

At the U.S. Senate Banking Committee hearing Tuesday, Senator Elizabeth Warren called on the chairman of the Securities and Exchange Commission (SEC), Gary Gensler, to increase oversight of cryptocurrency. She brought up several problems she associates with cryptocurrency that could hurt small investors. Senator Elizabeth Warren Says ‘There’s a Whole List of Problems With Crypto’ […]

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Elizabeth Warren and Gary Gensler place Coinbase in oversight crosshairs

Elizabeth Warren and Gary Gensler place Coinbase in oversight crosshairs

Last week’s crypto price plunge and subsequent crypto exchange failures illustrate need for SEC to regulate crypto exchanges, says Senator Elizabeth Warren. Gary Gensler, chairman of the Securities and Exchange Commission, appeared before the Senate Banking Committee on Tuesday morning to give testimony on the SEC’s work. Cryptocurrency was a leading subject, which Gensler anticipated […]

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Sen. Elizabeth Warren says ‘crypto is the new shadow bank’

Sen. Elizabeth Warren says ‘crypto is the new shadow bank’

U.S. Senator Elizabeth Warren (D-MA), a long-standing critic of cryptocurrency, told the New York Times that, in her view, cryptocurrency is “the new shadow bank.” The Times story focused in large part on BlockFi, the venture-backed crypto lending startup that has drawn the attention of numerous state regulators in the U.S. as part of a […]

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US Lawmakers Urge SEC and CFTC to Create Joint Working Group on Crypto Regulation

US Lawmakers Urge SEC and CFTC to Create Joint Working Group on Crypto Regulation

Two U.S. lawmakers have urged the chairman of the Securities and Exchange Commission (SEC) and the acting chairman of the Commodity Futures Trading Commission (CFTC) to establish a joint working group for the regulation of crypto assets. SEC and CFTC Urged to Collaborate on Crypto Regulation U.S. Representatives Patrick McHenry and Glenn “GT” Thompson sent […]

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Gary Gensler wants Congress to build a new framework for crypto oversight. A new bill aims to do just that

Gary Gensler wants Congress to build a new framework for crypto oversight. A new bill aims to do just that

When Representative Don Beyer introduced the new Digital Asset Market Structure and Investor Protection Act at the end of July, it took many in the crypto world by surprise.  At 58 pages, the “Digital Asset Market Structure and Investor Protection Act” is a uniquely comprehensive approach to an issue that has been vexing regulators and legislators […]

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SEC Asking for Jurisdiction Over All Crypto Exchanges Is ‘a Blatant Power Grab,’ Says Lawmaker

SEC Asking for Jurisdiction Over All Crypto Exchanges Is ‘a Blatant Power Grab,’ Says Lawmaker

U.S. Congressman Patrick McHenry has slammed the U.S. Securities and Exchange Commission (SEC) for asking for jurisdiction over all crypto exchanges, including non-securities ones. He called it “a blatant power grab that will hurt American innovation,” adding, “We don’t need another backroom deal between Gensler and Elizabeth Warren.” Lawmaker Slams SEC for Blatant Power Grab […]

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Vaneck Files for Bitcoin Futures ETF Following SEC Chair’s BTC Futures Regulation Statements

Vaneck Files for Bitcoin Futures ETF Following SEC Chair’s BTC Futures Regulation Statements

Following a number of statements this week from the U.S. Securities and Exchange Commission’s (SEC) Gary Gensler, wealth management firm Vaneck has filed for a bitcoin futures exchange-traded fund (ETF). Vaneck Files for a Bitcoin Futures-Focused Fund Called the Bitcoin Strategy ETF On August 10, the wealth manager Vaneck filed an application with the SEC […]

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Gensler asks Sen. Warren for more SEC authority to regulate crypto exchanges

Gensler asks Sen. Warren for more SEC authority to regulate crypto exchanges

In a letter dated August 5 but publicized on August 11, Chairman of the Securities and Exchange Commission Gary Gensler says the commission needs additional authorization from Congress to regulate cryptocurrency exchanges.  Gensler’s letter is a response to Senator Elizabeth Warren, who wrote to the SEC chairman last month asking for his input on what […]

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SEC Chair Gary Gensler Agrees with Senator Warren’s Plea on Crypto Regulation

SEC Chair Gary Gensler wrote to Senator Elizabeth Warren agreeing that the cryptocurrency ecosystem needs additional regulatory oversight. Warren has agreed to help the SEC boss with his plight of establishing a central authority in the crypto industry. US Securities and Exchange Commission (SEC) Chair Gary Gensler and Senator Elizabeth Warren have joined forces in […]

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