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US Senator Elizabeth Warren has called Musk a "bank robber," accusing him and the Trump administration of dismantling the Consumer Financial Protection Bureau (CFPB) to gain financial control.
Cleveland Fed President Beth Hammack said it would be appropriate to keep interest rates on hold for "some time" while policymakers wait for inflation to decline further and analyze the economic impact of the new administration's policies. "We've made good progress, but 2 percent inflation is yet to be seen," Hammack said in a note prepared for the event in Lexington, Kentucky, on Tuesday. "As long as the labor market remains healthy, I will look for inflation before further policy adjustments.....
U.S. Democratic Senator Elizabeth Warren has criticized Trump's meme and urged the U.S. Office of Government Ethics and financial regulators to delve into the ethical and regulatory details of the TRUMP token. Warren, the top Democrat on the Senate Banking Committee, which oversees U.S. financial regulators, said the assets, including First Lady Melania Trump's own eponymous meme coin, posed a potential conflict of interest.
Senator Elizabeth Warren, a senior member of the Senate banking committee, has questioned the relationship between Howard Lutnick, Mr. Trump's nominee for commerce secretary, and Tether, citing potential conflicts of interest. She criticised Tether's links to sanctioned entities and highlighted broader concerns. Howard Lutnick does not directly oversee cryptocurrency regulation, but the department has published reports on industry regulation. In addition, there are...
Beth Hammack, president of the Federal Reserve Bank of Cleveland, explained why she voted no at this week's meeting, saying interest rates should be kept steady until more progress is made in reducing inflation. Hammack said she believed interest rates were near neutral levels that would neither drag down nor stimulate the economy, and suggested they should remain high enough to moderately constrain economic activity "for a period of time." In my estimation, monetary policy is not far from neutr...
BetHog, a cryptocurrency sports and entertainment platform, announced the completion of a $6 million seed round of financing led by 6MV, with participation from Will Ventures and Bullpen Capital. Founded by FanDuel co-founders Nigel Eccles and Rob Jones, BetHog is built on the Solana blockchain, with SOL as the underlying token for PvP games. In addition, BetHog also supports bets on Bitcoin, Ethereum and USDT.
Democratic Senator Elizabeth Warren defeated cryptocurrency-friendly Republican John Deaton in a landslide to win a Massachusetts Senate seat. According to Associated Press election data, Warren - arguably the most prominent critic of cryptocurrency in US politics - has received 74% of the 145,000 votes counted so far.
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