Another Sign Of Cryptocurrency Regulations?

The noose of regulation seems to be closing around the Medusa’s head-like neck of cryptocurrencies. After months of monitoring by various agencies, the financial services panel of the Senate will meet top market regulators early in February to discuss bitcoin and other cryptocurrencies, as well as the possible risks their trading poses, Reuters reported Wednesday. Citing… Please follow and like us:

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Russia Denounces US Senate Report on Meddling as ‘Unfounded’

Russia has denounced a U.S. Senate report which accuses the Kremlin of election meddling with the intent to undermine democracies, saying it is “unfounded” and damaging for relations between the two countries. U.S. Senate Democrats on Wednesday warned that Russian operations to undermine democracy extend far beyond U.S. elections and accused President Donald Trump of failing… Please follow and like us:

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Senate panel approves Trump pick for Fed chairman

WASHINGTON — A Senate committee has approved Jerome Powell’s nomination to replace Janet Yellen as head of the Federal Reserve. Tuesday’s 22-1 vote by the Senate Banking Committee clears the way for full Senate approval in the coming weeks before Yellen’s term ends Feb. 3. The only “no” vote came from Sen. Elizabeth Warren, D-Mass. Powell,… Please follow and like us:

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US Fed nominee Powell: Case for raising rates in Dec ‘coming together’

President Donald Trump’s pick to lead the US Federal Reserve said Tuesday there is a strong case for raising the benchmark interest rate at the central bank’s December policy meeting. In an unusually direct comment for normally-reticent central bankers, Fed governor Jerome Powell told the Senate Banking Committee, “I think that the case for raising interest… Please follow and like us:

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Senators slam Equifax for making money off massive data breach and no-bid IRS contract

WASHINGTON — Senators on Wednesday slammed Equifax Inc. for making money off its massive data breach and said Americans should have more control over the vast amount of sensitive personal information that credit reporting companies have about them. “Equifax and this whole industry should be completely transformed,” Sen. Elizabeth Warren, D-Mass., told former company chief executive… Please follow and like us:

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Senate committee approves two key banking regulators, including one for short-handed Fed

WASHINGTON — A Senate committee on Thursday approved two of President Donald Trump’s choices for key financial regulatory posts, including one for the short-handed Federal Reserve board, despite concerns from Democrats that the nominees were too close to the industry. Investment fund manager Randal Quarles has been tapped to be the Fed’s vice chairman for supervision,… Please follow and like us:

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Yellen says risk of financial crisis increases if some Trump regulatory rollbacks are enacted

WASHINGTON — Federal Reserve Chairwoman Janet L. Yellen told senators Thursday that the risk of another financial crisis would increase if some Trump administration proposals to roll back regulations were enacted. In her second straight day of Capitol Hill testimony, she walked back her statement last month that she didn’t expect another financial crisis “in our… Please follow and like us:

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Financial Choice Act Faces Uncertain Future

While the Financial Choice Act of 2017, the Republican bill to derail Dodd-Frank and Labor’s fiduciary rule, passed out of the House Financial Services Committee in early May, chances of getting it through the Senate fully intact — and passed into law this year — are unlikely. After three days of raucous debate, the Financial Choice… Please follow and like us:

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