Senate confirms Warsh as Fed Governor, poised to succeed Powell as chair

The banking sector's resistance to stablecoin yield provisions highlights the tension between traditional finance and emerging digital asset innovations. The post American Bankers Association urges banks to oppose stablecoin yield loophole in Digital Asset Market Clarity Act ahead of Senate markup appeared first on Crypto Briefing.

Coinbase CEO Brian Armstrong said the CLARITY Act gave banks their must-haves as the Senate released its 309-page bill text. The Senate Banking Committee released the 309-page substitute text of the CLARITY Act on May 12, setting a committee markup…

Senate Banking Committee Republicans mounted a defense of the CLARITY Act ahead of a scheduled May 14 markup, rejecting claims that the bill would weaken securities law, create loopholes, or ignore illicit finance risks. They argued the legislation would instead assign regulator authority, require disclosures, and add anti-fraud protections across digital asset markets. Republicans Answer […]

Kevin Warsh won Senate confirmation to the Fed board, clearing a key step toward replacing Jerome Powell as Fed chair. The post Kevin Warsh wins Senate approval, moves closer to Fed chair role as Powell prepares Friday exit appeared first on Crypto Briefing.

Grassley's support for the CLARITY Act could accelerate regulatory clarity, potentially boosting crypto investments but challenging smaller entities. The post Clarity Act gains support from Chuck Grassley ahead of Senate vote appeared first on Crypto Briefing.

Warsh's pro-Bitcoin stance may reshape monetary policy, impacting inflation control and crypto markets, with potential long-term crypto benefits. The post US Senate set to finalize nomination of pro-Bitcoin Kevin Warsh as next Fed Chair appeared first on Crypto Briefing.

eBay's rejection of GameStop's offer signals potential shifts in retail M&A strategies, impacting market dynamics and regulatory considerations. The post EBay rejects GameStop’s acquisition offer, impacting market outlook appeared first on Crypto Briefing.

Persistent inflation pressures, influenced by geopolitical tensions, may delay Fed rate cuts, impacting economic stability and market dynamics. The post April US inflation YoY, above expectations, complicates Fed rate outlook appeared first on Crypto Briefing.