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Senate Passes GENIUS Act—Coinbase's Brian Armstrong Calls It 'Big Milestone,' Scott Bessent Says Passage Could Drive Stablecoins Into A $3.7 Trillion Market
Wednesday, June 18, 2025 - 2:26am | 1086In 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:...
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Economist Peter Schiff Criticizes Trump's $1,000 Baby Account Proposal: Calls It 'Unconstitutional' And 'A Bad Idea' That Will Only Saddle Them With More Debt
Tuesday, June 10, 2025 - 4:40am | 746Economist 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...
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Jamie Raskin Disapproves Of Supreme Court Decision To Hear Trump Immunity Case, Points Out US Not A Monarchy: 'We Had A Revolution Against A King'
Sunday, March 3, 2024 - 8:41pm | 722The 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’...
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Mark Zuckerberg Compared With Tobacco Executives By Senate Committee Chair For 'Outrageous Statement' On Mental Health: 'Should Never Have Said Anything Like That'
Thursday, February 1, 2024 - 10:24pm | 635The 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...
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Democratic Senator Calls House Republicans 'Out Of Control' Amid Joe Biden Impeachment Inquiry: 'What A Waste Of Time'
Wednesday, September 13, 2023 - 3:16am | 471Sen. 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...
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Dick Durbin Tests COVID-19 Positive For Third Time In A Year, Ahead Of NDAA Senate Review
Monday, July 24, 2023 - 3:56am | 417U.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...
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OpenAI CEO Warns Of AI's Dark Side, Urges Regulation In Senate Testimony
Tuesday, May 16, 2023 - 12:48pm | 329OpenAI 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...
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US Sentencing Committee Agrees Judges Should Handle Past Cannabis Convictions Leniently; Bipartisan Duo Files Important Bills
Thursday, April 6, 2023 - 11:14am | 582The 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...
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Which Members Of Congress Are Giving Their Money From Sam Bankman-Fried To Charity — And Which Ones Aren't?
Friday, December 2, 2022 - 4:48pm | 744The 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...
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From 'Smoke And Mirrors' To 'Greed And Deception': Senator Elizabeth Warren Doubles Down On Criticism Of FTX, Crypto
Friday, November 18, 2022 - 2:26pm | 859A 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...
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Senate Finally Reaches Deal on Student Loans
Friday, July 19, 2013 - 7:54am | 614With 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...
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Durbin Says Tax Deal Will Pass House And Senate
Monday, December 13, 2010 - 12:29pm | 217According to Illinois Senator Dick Durbin, President Obama's tax cut deal will be passed by both the House and the U.S. Senate. The Democratic Whip told his constituents that he spent the weekend counting votes and is confident that the Democrats have the necessary number of votes to get the bill...
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The Verdict: Pre-Election Tax Cut Vote Is A No-Go
Friday, September 24, 2010 - 9:33am | 213Senate 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...
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Financial Reform Debate Heats Up: GOP Comes Out Fighting
Tuesday, April 13, 2010 - 11:36am | 184The 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"...