Search results for Tim Scott
Crypto
More than 120 U.S. crypto groups urge Senate to take up Clarity Act
U.S. crypto industry groups are pressing the Senate to move quickly on legislation to clarify regulation of digital assets. More than 120 trade groups sent a joint letter to the Senate Banking Committee urging prompt action on a digital asset market structure bill that includes the Clarity Act. The groups said delayed rules risk harming global competitiveness and called for clearer jurisdiction between the SEC and the CFTC, along with changes covering stablecoins, developers and tax reporting.
Crypto
U.S. banking lobby seeks delay to GENIUS Act rollout amid stablecoin rulemaking hurdles
The American Bankers Association is seeking more time to submit comments as U.S. agencies draft rules to implement the GENIUS Act, a stablecoin bill. It asked the Treasury Department, the FDIC, FinCEN and OFAC to extend deadlines and to allow 60 more days after the OCC issues final rules. The law takes effect 120 days after final rules or 18 months after enactment, whichever is earlier.
Crypto
U.S. senator urges delay of CLARITY Act until May as bank-crypto split persists
A U.S. Senate Banking Committee review of the crypto market structure CLARITY Act is increasingly likely to slip beyond April. Punchbowl News, cited by Cointelegraph, reported that Republican Senator Thom Tillis urged Chairman Tim Scott to move the bill’s markup to May. The key dispute is a stablecoin interest provision, with banks warning of deposit outflows and the crypto industry seeking more flexible rules. A lobbying group urged swift action.
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Crypto
CLARITY Act vote faces more delay as Senate panel schedules Kevin Warsh hearing first
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Politics
Trump pressures Fed Chair Powell to step down in May, threatens dismissal
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Crypto
U.S. Senate banking chair says CLARITY bill making rapid progress, draft expected this week
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Crypto
Trump meets Coinbase CEO, criticises banks over crypto market structure bill
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Industry
Lee Jae-yong says Samsung family committed to preserving Korean cultural heritage
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AI & Enterprise
U.S. crypto policy stalls as Congress delays CLARITY bill
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Crypto
BoA warns interest-bearing stablecoins could drain 35 percent of U.S. bank deposits