Senate

Trump's Funding Block Ignites Senate Concerns Over Chip Regulation Agency

4 days ago

In a surprising move that has left Senate members on alert, former President Donald Trump has blocked 10% of funding allocated to the agency responsible for regulating the semiconductor industry. This decision comes amid rising tensions in the technology sector and concerns over national security and market competition.

Landmark Stablecoin Legislation Moves Forward in Senate Banking Committee

17 days ago

The U.S. legislative landscape is witnessing a significant shift as the Senate Banking Committee has advanced a pivotal stablecoin bill. This landmark legislation aims to establish a comprehensive regulatory framework for stablecoins, a type of digital currency designed to maintain a stable value by being pegged to assets such as the U.S. dollar.

Gail Slater Secures Senate Confirmation as Trump's DOJ Antitrust Chief

19 days ago

In a significant development within the realm of U.S. antitrust policy, Gail Slater has been confirmed by the Senate for the crucial position of Chief of Antitrust at the Department of Justice (DOJ). Slater's appointment is being closely watched, especially given the current administration's focus on antitrust enforcement amid growing concerns over corporate monopolies and consolidations that potentially stifle competition.

Senator Elizabeth Warren Grills Cantor Fitzgerald's Howard Lutnick Over Controversial Crypto Connections

2 months ago

In a recent Senate hearing, Senator Elizabeth Warren intensified her scrutiny of Howard Lutnick, the chairman and CEO of Cantor Fitzgerald, regarding his company's relationships with a cryptocurrency firm that has garnered a reputation for its connections to illicit financial activity. This session reflects growing concerns among legislators about the crypto industry's links to crime and its regulatory loopholes.

Senate Report Unveils Amazon's Disregard for Worker Safety Studies

4 months ago

A recent report released by the Senate has uncovered that Amazon, the colossal e-commerce giant, has systematically overlooked its own internal studies on worker safety. This revelation raises significant concerns regarding the company's commitment to protecting its workforce, particularly in light of past allegations about hazardous working conditions at its facilities.

Senate Hearing Unveils Alarming Rise in Chinese Hacking Threats

4 months ago

In a significant Senate hearing held recently, lawmakers issued urgent warnings regarding the rising threats posed by Chinese hackers. The discussions revealed that cyberattacks and espionage efforts from China are escalating at an alarming rate, leaving U.S. institutions and infrastructure increasingly vulnerable.