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The Latest Breaking News from Maxine Waters

Stablecoin legislation punted again as Republicans and Democrats butt heads: ‘We’re starting from scratch’

A bipartisan hearing devolved into uncertainty over regulation for the volatile sector.

Fortune

Washington reacts on the fly to Silicon Valley Bank failure

After a frenetic weekend of round-the-clock briefings, U.S. policymakers took the audacious step of guaranteeing all the deposits of the failed Silicon Valley Bank — even those exceeding the Federal Deposit Insurance Corporation's $250,000 limit

The Independent UK

Biden's test: Can he show competence to avert banking chaos

President Joe Biden is confronting a significant challenge as his administration grapples with the fallout from the second- and third-largest bank failures in history

The Independent UK

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Congress must pass stablecoin legislation, top crypto group tells lawmakers

The letter comes ahead of a pivotal congressional hearing on Thursday.

Fortune

109 Dems back GOP's anti-socialism stunt

"This resolution is ... about laying the groundwork to cut Social Security and Medicare," warned Rep. Mark Pocan

Salon

Republicans remove Ilhan Omar from House foreign affairs committee – as it happened

Democrats say congresswoman’s removal from key committee motivated by ‘spite’

The Guardian - US

Megan Thee Stallion, misogynoir at center of shooting trial

Megan Thee Stallion is a three-time Grammy winner and hip-hop superstar, but her success wasn’t enough to shield the 27-year-old artist from misinformation and social media vitriol leveled against her after she was shot in 2020

The Independent UK

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‘Uniquely destined to fail’: New FTX CEO describes to Congress mess left behind by SBF

FTX CEO John Ray III was the sole witness during the House Financial Services Committee hearing.

Fortune

FTX Co-Founder Sam Bankman-Fried To Testify In Front Of US House Financial Committee

Bankrupt cryptocurrency exchange FTX’s co-founder Sam Bankman-Fried announced on Friday that he will testify before Congress

Zenger

US unseals fraud and conspiracy charges against Bankman-Fried - Roll Call

The U.S. brings criminal and civil charges Tuesday against former FTX CEO Sam Bankman-Fired, including one related to campaign finance law.

Roll Call

FTX Collapse: Bankman-Fried Will Testify Before Congress on Dec. 13

The founder of the bankrupt cryptocurrency exchange was under the threat of a subpoena.

The Street

Sam Bankman-Fried will testify before Congress

Uncertainty looms over next week’s hearings on FTX’s collapse.

Fortune

FTX’s Sam Bankman-Fried to testify before Congress next week

Founder and former CEO says he could talk about what he thinks led to crash and ‘my own failings’

The Guardian - US

Sam Bankman-Fried To Testify; SEC Ratchets Up Oversight

Sam Bankman-Fried said he would go before Congress next week; the SEC wants crypto exposure disclosures.

Investors Business Daily

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The Street

FTX Collapse: Bankman-Fried Reluctantly Agrees to Testify Before Congress

The founder of the bankrupt cryptocurrency exchange was under the threat of a subpoena.

Fortune

Senate Banking Committee: Sam Bankman-Fried will be subpoenaed if he doesn’t agree to attend FTX hearing

After weeks of waffling, the disgraced FTX founder faces an ultimatum.

Fortune

Maxine Waters and SBF. It's complicated

Rep. Maxine Waters is asking Sam Bankman-Fried to testify before Congress—if he does, the encounter could make them both uncomfortable

The Street

FTX Collapse: Bankman-Fried in No Rush to Talk to Congress

The fallen founder of the cryptocurrency exchange is invited to testify before U.S.. lawmakers.

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WEKU

With the GOP in control of the House, here's who's likely to lead key committees

House Republicans make up the majority in the House of Representatives for the 118th Congress. Here's a rundown of the lawmakers likely gaining power in key panels at the beginning of the new year.

Fortune

Congress will be taking a closer look at Sam Bankman-Fried’s political spending spree

The former FTX CEO became the Democratic party’s top donor apart from George Soros during the last election cycle.

Roll Call

Expected Financial Services chair found consensus with Democrats - Roll Call

Democrats said Rep. Patrick T. McHenry, R-N.C., expected Financial Services Committee chair, has sought to find bipartisan consensus.

Tribune News Service

Political divide snags the digital update to anti-redlining law

Federal bank regulators' efforts to modernize the 45-year-old law known as the Community Reinvestment Act to reflect the rise of digital banking are raising accusations of partisanship, a claim that those digging into the details say is likely unfounded.

Roll Call

Political divide snags the digital update to anti-redlining law - Roll Call

Complaints of partisanship go on regardless which party is trying to update the Community Reinvestment Act for new financial technology.

The Street

Equifax Faces Grilling Over Botched Credit Scores

Tens of thousands of incorrect credit scores were issued earlier this year after technology screwup at Equifax.

Tribune News Service

Renting in the Bay Area on a minimum wage salary? You’ll need at least 3 jobs

Trying to rent a two-bedroom, Bay Area apartment on a minimum-wage salary? You’ll need to hold down at least three full-time jobs to make it happen.

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