Republican Sen. Tim Scott, who could be an influential player in the cryptocurrency industry, announced his run for US president on Monday. The South Carolina lawmaker formally announced his run on Twitter as a crowd gathered in Charleston, South Carolina. Scott joins other candidates, including former President Donald Trump…. Read More: Republican Tim Scott Announces…
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US Senators have slammed executives of failed banks for trying to deflect blame away from their poor management practices and toward digital asset firms. During a Tuesday Senate Banking Committee hearing, Senator Cynthia Lummis lashed out at Scott Shay, the former chairman of now-collapsed Signature Bank, for his statement regarding what led to his bank’s collapse. … Read…
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Sen. Cynthia Lummis said she found it disappointing that a former crypto-friendly Signature Bank executive is not taking the blame for the failed bank, while criticizing his wordiness about crypto. The Wyoming Republican, who has advocated for crypto, questioned Signature Bank’s former Chairman Scott Shay and former President Eric Howell on Tuesday at a Senate…
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