Dick Durbin

In a significant development, the Senate passed the GENIUS Act on Tuesday, a bill establishing the country’s first regulatory framework for dollar-pegged stablecoins.  Prominent names tied to the cryptocurrency industry soon took to social media to celebrate the passage. What happened:...

Economist Peter Schiff is criticizing the Trump administration’s latest proposal for the federal government to give newborns in the U.S. $1,000 to invest in the stock market. What Happened: On Monday, Schiff called out the proposal on X, arguing that it is “unconstitutional” and...

The U.S. Supreme Court has agreed to review former President Donald Trump’s claim of immunity concerning his actions during the Jan. 6 Capitol riots, a decision that has drawn criticism from lawmakers. What Happened: Rep. Jamie Raskin (D-Md.) voiced his disapproval of the Supreme Court’...

The Senate Judiciary Committee Chair Dick Durbin (D-Ill.) on Thursday has drawn a parallel between Mark Zuckerberg, the CEO of Meta Platforms Inc, and the executives of major tobacco companies. This comparison was made in response to Zuckerberg’s recent statement regarding the impact of...

Sen. Dick Durbin (D-Ill.) has criticized House Republicans, labeling them as “out of control,” following news of an impeachment inquiry into President Joe Biden initiated by Speaker Kevin McCarthy (R-Calif.), The Hill reported. Durbin pointedly critiqued McCarthy’s leadership...

U.S. Sen. Dick Durbin (D-IL) has tested positive for COVID-19 for the third time within a year, The Hill reports. What Happened: Durbin, who is fully vaccinated and boosted, announced his positive test results ahead of the Senate to consider the National Defense Authorization Act (NDAA). “I...

OpenAI CEO Sam Altman didn’t mince words in his testimony before the Senate Judiciary Committee on Tuesday. Altman, 38, addressed the inevitable: AI will automate away some jobs. But he wasn't all doom and gloom, emphasizing that the advanced GPT-4 AI model could also spawn entirely new and...

The U.S. Sentencing Commission (USSC) voted Wednesday in favor of changes to sentencing guidelines and suggested judges should handle prior cannabis possession offenses leniently, reported Marijuana Moment. During the public meeting, members of the USSC approved several...

The collapse of a leading cryptocurrency platform has been linked to the U.S. Congress, thanks to many political donations from the disgraced co-founder of the company. Here’s the latest on who is giving back the money they previously took in. What Happened: FTX co-founder Sam Bankman-Fried...

A U.S. senator is taking aim at the cryptocurrency industry after the exchange platform FTX mishandled billions of dollars worth of customer assets to fund risky trades. What Happened: Sen. Elizabeth Warren, who recently called the crypto industry "smoke and mirrors," is doubling down on...

With the August recess looming, along with the return of students to college, a bipartisan group of Senators, under the leadership of Majority Whip, Dick Durbin, reached a compromise on student loan rates, according to Politico. Senator Lamar Alexander said, “It would save students in 11...

Senate Democrats will NOT vote on extending Bush-era tax cuts for families making less than $250,000 a year before the upcoming congressional elections, the spokesman for Majority Leader Harry Reid confirmed Thursday, according to CNN. "We will come back in November [after the elections] and stay...

The debate over the impending financial reform bill set for introduction onto the Senate floor heated up today as the Senate GOP formally voiced its opposition. Sen. Mitch McConnell (R-KY), the Senate Minority Leader, said today that the financial reform bill pending will "make [problems] worse"...