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A Senate hearing highlighted the two parties' starkly different views of digital assets, with Democrats warning of price manipulation and Republicans saying the government should just get out of the way.
July 27![Wyoming Republican Cynthia Lummis, left, said at a Senate hearing that a “publicly available ledger” makes it hard for criminals to use virtual currencies anonymously. Sen. Elizabeth Warren, D-Mass., said, “All the warning signs [about cryptocurrencies] are flashing.”](https://arizent.brightspotcdn.com/dims4/default/3f6e76c/2147483647/strip/true/crop/1400x788+0+13/resize/1280x720!/quality/90/?url=https%3A%2F%2Fsource-media-brightspot.s3.us-east-1.amazonaws.com%2F2a%2F78%2Fa8d1ec554e77a78bce270cf621ca%2Flinkedin-post-3.jpg)
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Much of the confirmation hearing revolved around trading January spikes in GameStop and other stocks.
March 3
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Democrats Elizabeth Warren of Massachusetts and Brian Schatz of Hawaii have sent a letter to CEO Charlie Scharf demanding a response to news reports that the bank has been placing borrowers into forbearance plans without their consent.
July 30
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Some lawmakers fear that when forbearance plans and enhanced unemployment coverage expire, the consequences for mortgage borrowers still affected by the pandemic will be severe.
June 9
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Jay Clayton talked up the commission's latest enforcement efforts and defended Reg BI before skeptical lawmakers.
December 12
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The Massachusetts senator asked Richard Fairbank in a letter why the bank didn’t detect the breach for nearly four months and how it plans to prevent future cyber intrusions.
August 8
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The panel has had 13 public meetings since the Massachusetts senator’s last appearance, in May.
August 6
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“The board's record of summarily approving mergers raises doubts about whether it will serve as a meaningful check on this consolidation that creates a new too big to fail bank,” Sen. Elizabeth Warren said in a letter to the Fed.
February 8
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A uniform fiduciary standard is only way to ensure all advisors are putting their clients first, the Democratic senator says.
December 14
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The midterm elections virtually eliminate the chance that progress will be made on financial services legislation.
November 7
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Several Senate, House and gubernatorial battles are of interest to financial firms. Here is a spotlight on specific contests, with updates as they become available.
November 6
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Last year, the Democratic senator argued successfully for the termination of Sloan's predecessor as chief executive, John Stumpf.
October 4
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The legislation ― called the Financial Choice Act ― has little chance of passing the Senate in its current form.
June 8
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The prominent Wall Street lawyer makes a strong argument to skeptical lawmakers that he will be a tough cop on the beat if confirmed.
March 23
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The request foreshadows how the senator will attempt to influence the next president's cabinet and other key nominations.
October 14
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Legislation passed by the House offers advisers protection against liability.
July 6
![Wyoming Republican Cynthia Lummis, left, said at a Senate hearing that a “publicly available ledger” makes it hard for criminals to use virtual currencies anonymously. Sen. Elizabeth Warren, D-Mass., said, “All the warning signs [about cryptocurrencies] are flashing.”](https://arizent.brightspotcdn.com/dims4/default/5d640e7/2147483647/strip/true/crop/1400x788+0+13/resize/1440x810!/format/webp/quality/90/?url=https%3A%2F%2Fsource-media-brightspot.s3.us-east-1.amazonaws.com%2F2a%2F78%2Fa8d1ec554e77a78bce270cf621ca%2Flinkedin-post-3.jpg)
