Senate Banking Committee


Policy

Powell Says Fed Will Release Crypto Report 'Within Weeks'

During his Senate confirmation hearing on Tuesday, the Fed chairman also said a CBDC wouldn't necessarily lead to a ban on private stablecoins.

WASHINGTON, DC - JANUARY 11: Federal Reserve Board Chairman Jerome Powell speaks during his re-nominations hearing of the Senate Banking, Housing and Urban Affairs Committee on Capitol Hill, January 11, 2022 in Washington, DC. (Photo by Brendan Smialowski-Pool/Getty Images)

Videos

Senate Banking Committee to Hold Nomination Hearings for Jerome Powell, Lael Brainard

The Senate Banking Committee will hold a hearing for Jerome Powell Tuesday on his nomination to a second term as Federal Reserve chair. It will hold a separate hearing Thursday to consider the nomination of Fed Governor Lael Brainard to be vice chair. CoinDesk’s Nikhilesh De discusses what we know and what we can expect.

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Markets

Fed Speeds Up Stimulus Withdrawal, and Bitcoin Jumps

The Fed will reduce its bond purchases by $30 billion every month to wind them down early next year, doubling from the current pace of withdrawal of $15 billion every month.

Federal Reserve Chair Jerome Powell speaks Wednesday at a press conference. (Federal Reserve, modified by CoinDesk)

Videos

Sen. Elizabeth Warren Taking Aim at Stablecoins, DeFi During Senate Banking Committee Hearing

“The Hash” panel reacts to Sen. Elizabeth Warren (D-Mass.) criticizing stablecoins and decentralized finance (DeFi) in a Tuesday hearing with the Senate Banking Committee. Are stablecoins truly the lifeblood of DeFi, as Warren suggests, and without them, would open finance collapse as we know it?

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Videos

Why Bitcoin Is ‘In a Great Moment’ Despite Tumbling Ahead of Fed Meeting

Marcelo Sampaio, CEO & co-founder of crypto asset manager Hashdex, discusses his bullish outlook for bitcoin despite investor jitters growing over the upcoming Fed decision on combating inflation. Plus, the state of crypto in Latin America and thoughts on stablecoins following Tuesday's Senate Banking Committee hearing.

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Videos

What Are the Biggest Risks of Stablecoins?

As the crypto industry anticipates the Senate Banking Committee to conduct a hearing on stablecoins, Ryan Clements, assistant professor at the University of Calgary Faculty of Law, shares insights into the risks, regulations, and wider state of stablecoins. Plus, his take on the use cases of algorithmic stablecoins and economic incentives of LUNA.

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Videos

Senate Banking Committee to Hold Stablecoin Hearing Tuesday

With a Senate Banking Committee hearing about stablecoins tomorrow, CoinDesk Managing Editor for Global Policy and Regulation Nikhilesh De shares his insights and what key information investors should be looking for in the hearing.

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Markets

Bitcoin Turns Lower as Fed Chair Suggests Inflation No Longer ‘Transitory’

Federal Reserve Chair Jerome Powell’s turnabout suggests the U.S. central bank might move more quickly to tighten monetary policy – potentially a negative for speculative assets including bitcoin.

Federal Reserve Chair Jerome Powell testifies Tuesday before the U.S. Senate Banking Committee. (C-Span)