House lawmakers propose studies on AI in financial services, housing
AI is already impacting mortgage lending and credit score calculations, US Representative Maxine Waters said as she introduced a new bill in Congress.This post was originally published on this site
Trump Takes Significant Lead Over Harris in Polymarket Odds for 2024 Election Win
On Thursday, betting activity on Polymarket indicated that former President Donald Trump has pulled ahead of Vice President Kamala Harris in the race for the 2024 election. As of press time, Trump’s odds stand at 55.8%, with Harris trailing at 43.7%. This shift in favor of Trump has been observed since around Oct. 5, approximately […]
Overturned Chevron deference likely won’t impact crypto regulation: Tom Emmer
Only a Donald Trump election victory and a mostly Republican Congress could make Chevron potentially impactful, says Representative Tom Emmer.This post was originally published on this site
House Republicans urge SEC to rescind ‘disastrous’ SAB 121
The House and Senate Republicans claimed the SEC evaded the notice and comment rulemaking process required by the Administrative Procedure Act by issuing SAB 121.This post was originally published on this site
US House may vote to overturn Biden's SAB 121 veto next week
While the House and Senate already voted to overturn SAB 121, it will need a two-thirds majority vote from both chambers to invalidate Biden’s veto.This post was originally published on this site
Exclusive: Mike Flood is shaking up Congress over cryptocurrency
Mike Flood, a second-term lawmaker from Nebraska, has played central casting in the effort to make Congress move on crypto policy.This post was originally published on this site
Florida Takes a Stand Against CBDCs: Anti-CBDC Bill Receives Overwhelming Support in House and Senate
In the wake of Florida Governor Ron DeSantis’ remarks in Jacksonville on Tuesday, both the Florida House of Representatives and Senate have approved the state’s anti-central bank digital currency (CBDC) legislation, dubbed SB 7054. The bill explicitly states that should the U.S. central bank, a federal agency, or a foreign government issue a CBDC, its […]
ECB President Lagarde Warns of ‘Major Disaster’ If US Defaults on Debt Obligations
There is a lot of discussion lately about the U.S. government’s debt ceiling and whether Congress will act before defaulting. In a recent interview, Christine Lagarde, the president of the European Central Bank (ECB), said she is confident the U.S. can maintain its debt obligations. However, she warned that if the U.S. were to default […]
House Republicans Demand Answers From SEC Over FTX Co-Founder’s Arrest
On Feb. 10, 2023, Republicans Patrick McHenry of North Carolina and Bill Huizenga of Michigan, both members of the U.S. House of Representatives, sent a letter to Securities and Exchange Commission (SEC) chairman Gary Gensler seeking answers about the arrest of FTX co-founder Sam Bankman-Fried prior to his scheduled testimony before the House Financial Services […]
Treasury Secretary Yellen Urges Swift Action to Increase Spending Limit, Avert Default on US Obligations
Janet Yellen, the U.S. secretary of the Treasury, sent a letter to Congress on Friday urging lawmakers to increase the spending limit. Yellen stressed that the country would reach its statutory debt limit on Jan. 19, 2023. She warned that “failure to meet the government’s obligations would cause irreparable harm to the U.S. economy, the […]