Senate
Senate Votes To End Shutdown, Democrats Catch Slander
Democrats are being ridiculed after a group of eight senators agreed to vote with Republicans toward ending the shutdown of the federal government without guarantees about healthcare they fought for.
Sen. Cory Booker Stomps On Alleged Racist Sen. Strom Thurmond’s Speech Record, X Approves
Sen. Cory Booker of New Jersey eclipsed the speech record on the Senate floor held by alleged racist, the late Sen. Strom Thurmond.
Chuck Schumer Ripped For “Cowardice” Over Shutdown Vote, Social Media Reacts
New York Democratic Senator Charles Schumer is facing calls to step down as Senate Minority Leader from other Democrats and others online upset over his move to vote for a GOP spending bill to avoid a federal shutdown.
Angela Alsobrooks, Rep. Lisa Blunt Rochester Achieve Historic Firsts Winning U.S. Senate Seats
Angela Alsobrooks and Rep. Lisa Blunt Rochester are the first women and first Black women to be elected to the U.S. Senate in their states.
Ticketmaster Plans to Blame Scalpers for Taylor Swift Debacle at Senate Hearing
Don’t expect Live Nation’s Joe Berchtold to be quoting Taylor Swift’s “Anti-Hero” during Tuesday’s Senate Judiciary Committee hearing on ticketing. Unlike the pop star’s “I’m the problem it’s me” chorus-turned-meme, the company’s president and CFO plans to take aim at who he says are the real culprits behind Swift’s disastrous Nov. 15 presale: scalpers. While the Live Nation-owned Ticketmaster was villainized for weeks following the presale for Swift’s upcoming The Eras Tour that both broke single-day sales records and threw fans into a fury over service issues, according to a prepared opening statement reviewed by Billboard, Berchtold plans to lay much of the blame on scalpers who used illegal bots to attack the online sale. The statement — to be delivered Tuesday (Jan. 24) in Washington,...
Sen. Raphael Warnock Defeats Herschel Walker In Georgia Senate Runoff
Written By D.L. Chandler , Senior Editor Posted 10 hours ago @dlchandler123 D.L. Chandler is a veteran of the Washington D.C. metro writing scene, working as a journalist, reporter, and culture critic. Initially freelancing at iOne Digital in 2010, he officially joined the iOne team in 2017 where he currently works as a Senior Editor for Cassius Life and Hip-Hop Wired. D.L. covers a variety of topics including breaking news, politics, Hip-Hop music and culture, fashion, and Black history. He currently heads the SPIRIT.ED column for Cassius Life, which focuses on adult beverages and their history. D.L. has worked in the past for MTV News, Billboard, and several other publications. His first big break in journalism came with the now-defunct Politically Black in 1999, the nation’s first...
Sen. Raphael Warnock Defeats Herschel Walker In Georgia Senate Runoff
Written By D.L. Chandler , Senior Editor Posted 10 hours ago @dlchandler123 D.L. Chandler is a veteran of the Washington D.C. metro writing scene, working as a journalist, reporter, and culture critic. Initially freelancing at iOne Digital in 2010, he officially joined the iOne team in 2017 where he currently works as a Senior Editor for Cassius Life and Hip-Hop Wired. D.L. covers a variety of topics including breaking news, politics, Hip-Hop music and culture, fashion, and Black history. He currently heads the SPIRIT.ED column for Cassius Life, which focuses on adult beverages and their history. D.L. has worked in the past for MTV News, Billboard, and several other publications. His first big break in journalism came with the now-defunct Politically Black in 1999, the nation’s first...
US Senate committee hearing on FTX fail brings gaps in regulatory authority to light
United States Commodity Futures Trading Commission chair Rostin Behnam told a Senate Agriculture, Nutrition, and Forestry Committee meeting Dec. 1 that his agency’s regulations contain “core elements that have served the markets for decades.” But as the fallout from the FTX collapse gets sorted out, notable gaps in current legislation have come to light, Behnam and the senators agreed. Sen. Tina Smith called the FTX collapse “shocking, not surprising,” and said that future crises will continue to occur as long as regulatory gaps remain. Behnam pointed out that the Securities and Exchange Commission has the authority to require basic safeguards be in place, such as separation of house and customer money and best execution of investment trades. “We know how to do this,” Behnam said. Non...
Crypto Biz: Institutions short Bitcoin as SBF is ‘deeply sorry’ for FTX collapse
The monumental collapse of FTX will go down as one of the biggest corporate scandals of all time. But, at least Sam Bankman-Fried, or SBF, is sorry. On Nov. 22, the disgraced founder of FTX penned a letter to his former employees describing his role in the company’s bankruptcy. “I never intended this to happen,” he wrote. “I did not realize the full extent of the margin position, nor did I realize the magnitude of the risk posed by a hyper-correlated crash.” Get this: SBF still thinks the company can be saved because “there are billion of dollars of genuine interest from new investors.” Shouldn’t he be preoccupied with trying to avoid jail right now? Bitcoin (BTC) and the broader crypto market have been reeling in the wake of the scandal. While this has allowed many diamond handed hodlers ...
US senator bill seeks to cushion crypto exchanges from SEC enforcement actions
United States Senator Bill Hagerty, a member of the Senate Banking Committee, introduced legislation seeking a safe harbor for cryptocurrency exchanges from “certain” Securities and Exchange Commission (SEC) enforcement actions. The Digital Trading Clarity Act of 2022, introduced by Sen. Hagerty, aims to provide regulatory clarity around two primary concerns plaguing crypto exchange establishments — (i) the classification of digital assets and (ii) related liabilities under existing securities laws. A bill to provide digital asset intermediaries with a safe harbor from certain enforcement actions by the Securities and Exchange Commission, and for other purposes. Source: congress.gov Sen. Hagerty outlined an overview of the problems amid regulatory hurdles: “The current lack of regulatory c...
Sen. Lummis: My legislation would empower the SEC to protect consumers
The United States has been the global financial leader since World War II when the U.S. dollar became the world reserve currency. Consequently, Americans have enjoyed benefits like greater buying power, easier access to capital and low-interest rates—including on our national debt. Unfortunately, we face a growing threat to that dominance, from our national debt on the one hand and China’s ascendance and their own digital currency on the other. If the U.S. dollar lost its position as the world reserve currency, it would mean higher U.S. interest payments, more expensive debt repayments and a skyrocketing deficit. The best time to address a crisis is before it begins and the United States still has the opportunity to right our fiscal ship and set ourselves on course for continued financial ...
GOP Senators Block Bill That Would Help Vets Exposed To Toxins, Vets Stage Sit-In
HipHopWired Featured Video Source: Anadolu Agency / Getty The Sgt. 1st Class Heath Robinson Honoring Our PACT Act passed swimmingly through the House and Senate earlier this summer but now, 25 GOP senators voted against a House-modified version of the PACT Act. In response, military veterans say they will be staging a sit-in protest. To illustrate the political divisiveness at the congressional level, the PACT Act passed at a clip of 342-88 in the House and 84-14 in the Senate. When the House returned and passed a version of the PACT Act that added 23 toxic and burn pit exposure conditions to the Veteran Affairs database, GOP senators are apparently uncomfortable with the changes. In addition, protections were extended to first responders who suffered from exposure during the 9/11 attacks....
