Senate Banking Committee


Videos

The Case for Digital Dollar

Joining “First Mover” is Stanford Graduate School of Business Professor of Finance Darrell Duffie, who testified at the recent Senate Banking Committee hearing on central bank digital currencies (CBDCs.

CoinDesk placeholder image

Videos

Elizabeth Warren, US Lawmakers Put Bitcoin on Trial in Senate CBDC Hearing

CoinDesk’s Nikhilesh De on the main takeaways from Wednesday’s Senate Banking Committee hearing where Massachusetts Senator Elizabeth Warren and other lawmakers grilled four witnesses about bitcoin and their views on whether to develop a U.S. Central Bank Digital Currency (CBDC) or “digital dollar.”

CoinDesk placeholder image

Markets

Elizabeth Warren, US Lawmakers Put Bitcoin on Trial in Senate CBDC Hearing

While a Senate Banking Committee hearing ostensibly focused on central bank digital currencies, bitcoin’s role in the ecosystem drew much of the attention.

Sen. Elizabeth Warren (D-Mass.)

Markets

Wall Street Bank CEOs to Mention Crypto Before Congressional Banking Panels This Week

“We continue to closely and actively follow developments around cryptocurrencies,” said Wells Fargo CEO Charles Scharf in a statement.

wall street

Policy

State of Crypto: Congress Takes One Step Closer to Regulatory Clarity

A bipartisan bill addressing cryptocurrencies made it through the House of Representatives. Next up: the Senate.

The Senate is now looking at a bill that would evaluate cryptocurrency regulation within the U.S.

Markets

Senate Confirms Gary Gensler as Next SEC Chief

Gensler previously ran the federal Commodity Futures Trading Commission.

SEC Chairman Gary Gensler

Policy

Sen. Sherrod Brown Says US Should ‘Lead the Way’ on CBDCs, Disses Diem and Bitcoin

“We cannot be left behind,” Brown wrote about other nations’ central bank digital currency efforts.

U.S. Sen. Sherrod Brown (D-Ohio) endorsed the idea of a token-based digital dollar.

Policy

State of Crypto: The US Government Keeps Mentioning Terrorism

Congress is holding a hearing on financing for domestic terrorism this week. What role will bitcoin play?

Treasury Secretary Janet Yellen has brought up crypto's use in terrorism on three different occasions since Jan. 6, 2021.

Policy

US Congress Plans Hearings on GameStop Market Pumps

While Congress is planning multiple hearings, it's less clear what financial regulators might do.

GameStop's share price rose to nearly $500 on Thursday.

Markets

Senate Banking Chairman Asks OCC About Its Planned Crypto Rulemaking

U.S. Senate Banking Committee Chairman Mike Crapo asked to know more about the OCC's potential crypto guidance, but encouraged clear regulation.

Senate Banking Committee Chair Mike Crapo (left) and Ranking Member Sherrod Brown (U.S. Senate)