Rogue Banking Regulators Put On Notice
Americans deserve a transparent regulatory framework that fosters innovation in digital assets instead of smothering it with government overreach. We’re putting rogue regulators on notice—their days of unchecked power are over. – Senator Cynthia Lummis @SenLummis
Scott Leads Effort to Combat Debanking
Chairman Scott’s bill would remove reputational risk as a measure to determine the safety and soundness of regulated financial institutions.
https://www.banking.senate.gov/newsroom/majority/scott-leads-effort-to-combat-debanking
All Banking Committee Republicans, including Senators Mike Crapo (R-Idaho), Mike Rounds (R-S.D.), Thom Tillis (R-N.C.), John Kennedy (R-La.), Bill Hagerty (R-Tenn.), Cynthia Lummis (R-Wyo.), Katie Britt (R-Ala.), Pete Ricketts (R-Neb.), Jim Banks (R-Ind.), Kevin Cramer (R-N.D.), Bernie Moreno (R-Ohio), and Dave McCormick (R-Pa.), joined the Chairman on the legislation.
“The use of ‘reputational risk’ as a metric for supervisory ratings of financial institutions is nothing but another creative method for federal financial regulators to weaponize their power against politically disfavored groups. This disturbing trend is beyond the scope of law and must end immediately,” said Senator Crapo.
THE GODFATHER
“All my life I, kept trying to go up in society, where everything higher up was legal, straight. But the higher I go, the crookeder it becomes. How in the hell does it end?”
“It’s a big club and you ain’t in it” George Carlin
TEXAS STRATEGIC BITCOIN RESERVE BILL PASSED BY THE SENATE
@BitcoinPierre
This afternoon I testified at the Texas Senate Committee on Business and Commerce hearing in favor of SB 21, to establish a Texas Strategic Bitcoin Reserve.
Thank you @DrSchwertner for introducing the bill, @LtGovTX for making it a legislative priority, and @DonnaCampbellTX for asking great questions about Bitcoin custody and security.