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...

In a Friday letter laying out his legislative priorities to the Senate, Majority Leader Chuck Schumer (D., N.Y.) came out swinging, albeit diplomatically, at "MAGA extremism" and recent attempts by some to force a "harmful and pointless government shutdown." Schumer then thanked the body for...

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...

The push for legislation that could finally allow banks to provide services to cannabis businesses gained steam this week, with key figures from both sides of the aisle reiterating their support for the Secure and Fair Enforcement Regulation (SAFER) Banking Act. The renewed nudge suggests a...

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...

Sen. Sherrod Brown Shares High Hopes For Cannabis Banking Bill Senate Banking Committee Chairman Sherrod Brown (D) recently shared his enthusiasm for the advancement of the revised Secure and Fair Enforcement Regulation (SAFER) Banking Act. A bipartisan cannabis banking bill is scheduled...

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...