Senate Committee on Banking

How the Crypto Industry’s Political Spending Is Paying Off

alishpagda08@gmail.com3 months ago014 mins

At the end of a three-hour hearing last month, Senator Ruben Gallego, Democrat of Arizona, sided with a group of Republicans in a hotly contested debate. He voted to advance the GENIUS Act, a bill backed by the cryptocurrency industry. “It’s clear that digital assets are here to stay,” Mr. Gallego said after the Senate…

Fed Chair Jerome Powell Shows Little Urgency to Lower Rates

alishpagda08@gmail.com5 months ago015 mins

Jerome H. Powell, chair of the Federal Reserve, signaled little urgency to lower interest rates with the economy sturdy and inflation still too high in a hearing with lawmakers on Tuesday. Mr. Powell, who testified before the Senate Banking Committee, confronts an economic and political landscape that is far different from what it was when…