Sherrod Brown

As the week rolled in, the world of cryptocurrencies saw a flurry of activity. From market surges to political tensions, the crypto landscape was anything but dull. Here’s a quick round-up of the top stories that made headlines. Bitcoin, Ethereum, and Dogecoin Witness ‘Golden Cross...

The Federal Reserve’s Chairman Jerome Powell is under intense scrutiny as the U.S. presidential election approaches. Market experts are questioning his ability to remain independent of political pressure. What Happened: In a recent interview with CNBC’s Last Call, David Zervos, the...

Efforts to push through U.S. stablecoin legislation by attaching it to an unrelated Federal Aviation Administration reauthorization bill have been halted by legislative leaders. What Happened: The decision to seek a clean bill means the discussion between House Financial Services Committee Chair...

U.S. Senator Tim Scott's (R-S.C.), effort to crack down on the illicit fentanyl supply chain was signed into law on Wednesday as a part of the national security supplemental package. Scott, a member of the Senate Committee on Banking, Housing and Urban Affairs, wrote and introduced the FEND Off...

Amid rising tensions over foreign investments in key industries, a U.S. Senator has urged the Biden administration to scrutinize a major steel industry deal. What Happened: The chair of the U.S. Senate Banking Committee has prompted the White House to investigate Nippon Steel‘s potential...

A planned merger between Capital One Financial Corp (NYSE:COF) and Discover Financial Services (NYSE:DFS) has been met with sharp criticism from Democratic lawmakers and consumer advocacy groups. They caution that the merger could result in a decrease in competition...

Digital currency company and USDC stablecoin issuer, Circle has strongly denied accusations made by a Washington watchdog group. The non-profit group Campaign for Accountability has accused the firm of playing a role in the ability of Hamas and Hezbollah to access funding, Decrypt...

The chairman of the U.S. Senate’s Banking Committee, Sen. Sherrod Brown (D-Ohio), announced the panel’s intent to investigate and curb the use of cryptocurrencies, such as Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Dogecoin (CRYPTO: DOGE), in funding terrorism, especially in the...

The Senate Banking Committee approved the Secure and Fair Enforcement Regulation (SAFER) Banking Act Wednesday, marking a regulatory milestone that has been in the works for nearly a decade. The bill is crafted to enable legal cannabis businesses access to banks and...

Senate Banking Committee Chairman Sherrod Brown (D-OH) is dutifully working on the bipartisan cannabis banking bill in Congress, but it seems he’s still lukewarm on a marijuana legalization initiative up for a vote in his home state. Following the successful scheduling the ...

The Senate Banking Committee has officially scheduled a vote on cannabis banking reform for Sept. 27. The long-awaited reform  regarding how legal marijuana companies can access financial services, which started and stalled for years in Congress, will finally move ahead...

After much anticipation and encouraging remarks from members of the Senate Banking Committee like Sen. Sherrod Brown (D-OH) and Senate Majority Leader Chuck Schumer (D-NY), cannabis banking will not come to a vote next week.  Though Senators from both sides of the aisle indicated...

The Chair of the Senate Committee on Banking, Housing, and Urban Affairs, Sherrod Brown, has sent a letter to Federal Reserve Chair Jerome Powell, reminding him about the central bank’s dual mandate and asking him not to forget his responsibilities to ...

U.S. lawmakers have asked Apple Inc (NASDAQ: AAPL) and Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) to provide information on how they review fraudulent cryptocurrency apps and prevent potential scams. What Happened: Sen. Sherrod Brown (D-OH), Chairman of...

U.S. federal regulators are looking to tighten the regulation on cryptocurrencies to prevent them from acting as a tool for Russia to circumvent sanctions. What Happened: Federal Reserve Chairman Pro Tempore Jerome Powell and multiple members of the House of Representatives ...