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Search results for Richard Blumenthal

Crypto

U.S. Senate Democrats seek new anti-corruption agency targeting Trump; impact on Clarity Act in focus

U.S. Senate Democratic leaders introduced legislation to create a federal agency dedicated to investigating, enforcing and preventing executive-branch corruption, targeting President Donald Trump\'s crypto-related income and family-linked business ties. The bill would consolidate functions of the Federal Election Commission, Office of Government Ethics and Office of Special Counsel. The push intersects with Democratic concerns over the digital asset market structure bill known as the Clarity Act, as senators weigh unresolved conflict-of-interest issues.

Crypto

U.S. senator calls crypto \'currency of choice for crooks\' as CLARITY Act fight intensifies

Democratic Senator Richard Blumenthal renewed criticism of cryptocurrencies, calling them a tool used for crime and opposing efforts to ease regulation. He cited testimony from romance-scam victim Lori Flowers and said criminals need crypto to succeed. The dispute has shifted to the CLARITY Act, backed by Republicans, which aims to clarify digital asset rules. Other Democrats, including Elizabeth Warren, have also criticised the bill and warned consumer protections are insufficient.

Crypto

U.S. Senate introduces quantum technology bill; will post-quantum cryptography adoption speed up

A U.S. Senate bill to support development of quantum technology has been submitted, with a focus on next-generation quantum sensors and strengthening supply chains. The proposal would require the Pentagon to designate three priority quantum sensor projects within 60 days and deploy them by Sept. 30, 2028. It also calls for joint plans with agencies and private companies. Attention is on a possible acceleration of post-quantum cryptography adoption and its impact on crypto security.