U.S. Senate

The U.S. Senate's passage of the GENIUS Act marks a watershed moment for stablecoins, offering long-awaited regulatory clarity that could unlock trillions in institutional capital. Industry leaders hailed the bipartisan vote as a breakthrough for financial innovation, with fintechs and banks now...

A known blockchain advocate, Alexis Ohanian, co-founder of social media platform Reddit Inc. (NYSE:RDDT), highlighted the Democrats who crossed party lines to support a pro-crypto legislation in the Senate Thursday. What Happened: The U.S. Senate joined the House of Representatives in repealing a...

The U.S. Senate joined the House of Representatives on Thursday in voting to overturn a policy implemented by the Securities and Exchange Commission (SEC) seen as hindering crypto adoption. However, the effort faces a potential roadblock as President Joe Biden has threatened to veto the resolution...

Senator Elizabeth Warren (D-Mass.) on Monday announced additional support from her colleagues for the bipartisan Digital Asset Anti-Money Laundering Act. This bill aims to address the growing concerns around the use of cryptocurrencies in money laundering, drug trafficking, and other illegal...

Senator Mitch McConnell (R-KY), a leading member of Congress, has experienced another reported freeze while speaking to reporters, which could prompts calls for term limits. What Happened: While addressing the media in Covington, Kentucky, McConnell froze at the podium. The incident comes around a...

Jerome Powell marked his five-year anniversary as the chairman of the Federal Reserve on Sunday. During his tenure, which began on Feb. 5, 2018, the S&P 500 has gained 56%, the Nasdaq Composite has risen 72%, and the Dow Industrial Average is up 39%. Powell is the Fed's 16th chairman...

Herschel Walker is a retired NFL player, a Republican candidate for a U.S. Senate seat in Georgia, and as the Daily Beast reported, a really bad businessman. Walker played many sports, appeared in the 1992 Winter Olympics where he competed in the two-man U.S bobsled team ...

Members of U.S. Congress are permitted to buy and sell stocks and options in public companies as long as they publicly disclose their trades. The rule has come under scrutiny recently and became one of the focuses of the online platform Unusual Whales. Launching Unusual Whales: Founded in June...

Apple Inc. (NASDAQ: AAPL), Amazon.com, Inc. (NASDAQ: AMZN), Microsoft Corporation (NASDAQ: MSFT) and Walt Disney Co (NYSE: DIS) are among the firms lobbying against a U.S. bill that among its many elements, also deals with climate change.   What Happened: On...

After months of discussions and negotiations between President Joe Biden and a bipartisan group of senators, the U.S. Senate on Saturday cleared the $1 Trillion Infrastructure Bill, Reuters reports. Eighteen of the Senate's 50 Republicans voted to move forward on the legislation in a...

MX, a platform for building modern financial solutions, formally welcomed a new Director of Public Policy, Lexi Hall. As part of the development, Benzinga spoke with Hall and MX Chief Advocacy Officer Jane Barratt. About: Founded in 2010 by Brandon Dewitt and Ryan Caldwell, MX Technologies provides...

Legislators and mobile app companies targeted Apple Inc (NASDAQ: AAPL) and Alphabet Inc’s (NASDAQ: GOOG) (NASDAQ: GOOGL) Google in an escalated antitrust hearing on Wednesday focused on their undue influence over their smartphone ecosystems, the Wall...

The U.S. Senate confirmed two commissioners yesterday to sit on the Surface Transportation Board (STB), the federal agency that oversees rates and service within the railroad industry. It is a move that both carriers and their customers believe is necessary for action on pending regulatory...

Bank deregulation legislation is close to becoming a reality in Washington, D.C., with the Senate voting 67-32 to proceed with an amended bill on March 6. The odds of the bill becoming law before the August recess is now 80 percent, according to Height Capital Markets.  Senate approval for...

With Christmas Day now less than a week away, Americans once again find themselves in an all-too-familiar situation: Congress is struggling to do its job. In the latest episode of the Washington circus, Republican leadership is having a difficult time passing a new funding bill that would prevent...