Tag Archives: senator

‘Bitcoin Senator’ Renews Push to Remedy Crypto’s ‘Erratic Regulatory Framework’ – Decrypt

  1. ‘Bitcoin Senator’ Renews Push to Remedy Crypto’s ‘Erratic Regulatory Framework’ Decrypt
  2. New crypto regulations will protect consumers, keep industry from leaving U.S.: Senators Lummis & Gillibrand Yahoo Finance
  3. US senators reintroduce crypto bill aimed at comprehensive regulation Cointelegraph
  4. Sen. Cynthia Lummis on bipartisan crypto regulation bill: Lays out ‘rules of the road’ for companies CNBC Television
  5. McHenry Crypto Bill Would ‘Weaken Consumer and Investor Protections’, Say Lobbyists Decrypt
  6. View Full Coverage on Google News

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Senator calls on Fed to fire staff over Silicon Valley Bank failure – ABC News

  1. Senator calls on Fed to fire staff over Silicon Valley Bank failure ABC News
  2. Senator Warren on Former SVB CEO: ‘There needs to be a full investigation of insider trading’ Yahoo Finance
  3. First Republic CEO on bank’s collapse: ‘Everything changed overnight’ Yahoo Finance
  4. WaPo journalist admits to reporting ‘inaccurate’ quote provided by Fetterman’s office ‘without checking’ Fox News
  5. Signature Bank Chairman Avoiding Responsibility in $110,000,000,000 Collapse: Senator Cynthia Lummis The Daily Hodl
  6. View Full Coverage on Google News

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Senator Warren calls for insider-trading investigation of former SVB CEO – Yahoo Finance

  1. Senator Warren calls for insider-trading investigation of former SVB CEO Yahoo Finance
  2. Sen. J.D. Vance on recent bank failures: FDIC ‘changed the rules’ in the middle of the game CNBC Television
  3. McHenry Delivers Opening Remarks at Hearing to Conduct Oversight of the Prudential Regulators House Financial Services Committee
  4. ‘You made a really stupid bet’: Senators grill SVB CEO over accountability and pay Yahoo Finance
  5. CEO of Failed Silicon Valley Bank Accused of Claiming ‘The Dog Ate My Homework’ The Wall Street Journal
  6. View Full Coverage on Google News

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GOP senator says lawmakers should ‘talk’ about changing retirement age – The Hill

  1. GOP senator says lawmakers should ‘talk’ about changing retirement age The Hill
  2. These lawmakers are pushing hard to ‘make it easier’ for Americans to maximize their Social Security benefits — plus 3 tips to make it work even without their help Yahoo Finance
  3. Why some in the GOP are floating upping retirement age for some Americans Axios
  4. Republicans Insist They Won’t Touch Social Security But Continue to Talk About Changing Social Security Rolling Stone
  5. Increasing Social Security Full Retirement Age to 70 Gains Momentum — How It Could Impact Benefits Yahoo Finance

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Dem senator slams Biden’s shifting border policy, warns he could become ‘asylum denier-in-chief’ – Fox News

  1. Dem senator slams Biden’s shifting border policy, warns he could become ‘asylum denier-in-chief’ Fox News
  2. Menendez worries Biden could become ‘asylum denier-in-chief’ in weighing family detention policy Yahoo News
  3. Sen. Menendez: Biden’s policies risk making him ‘asylum-denier-in-chief’ POLITICO
  4. Karine Jean-Pierre torched for ‘word salad’ defending Biden’s border policy: ‘40 seconds of total nonsense’ Fox News
  5. Ron DeSantis rips Joe Biden’s border policy as violation of oath of office Florida Politics

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‘Shut your mouth’: Republican senator clashes with Teamsters chief – video – The Guardian

  1. ‘Shut your mouth’: Republican senator clashes with Teamsters chief – video The Guardian
  2. GOP senator snaps at union boss during heated hearing: ‘Shut your mouth’ Fox News
  3. Oklahoma GOP senator tells union leader ‘shut your mouth’ in heated exchange over union intimidation CNN
  4. Teamsters boss boasts about taking on ‘schoolyard bully’ Republican at fiery Senate hearing The Independent
  5. Senator Markwayne Mullin ran a multimillion-dollar plumbing business and claimed he only took a $50,000 salary. His financial statements show otherwise. Yahoo News

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SEC closes insider trading probe into former Republican senator



CNN
 — 

The US Securities and Exchange Commission has closed its insider trading investigation into stock trades made by then-Sen. Richard Burr and his brother-in-law at the outset of the pandemic, the former senator announced Friday.

“This week, the SEC informed me that they have concluded their investigation with no action. I am glad to have this matter in the rearview mirror as I begin my retirement from the Senate following nearly three decades of public service,” Burr, a North Carolina Republican, said in a statement.

The announcement comes nearly two years after the Justice Department closed its own review of the matter, which was launched in March 2020, soon after questionably timed trades by Burr and other lawmakers became publicly known.

Burr sold $1.65 million in stock on February 13, 2020, previous court filings by the SEC revealed. The sales included tens of thousands of dollars in stock in the hospitality industry, which was particularly hard hit in coronavirus outbreak.

The SEC declined CNN’s request for comment.

The trades made by Burr and his brother-in-law first attracted scrutiny because of Burr’s position on Senate committees overseeing health policy and US intelligence. The Intelligence Committee, which Burr chaired at the time, had received periodic briefings on the coronavirus as the outbreak began to spread but it did not receive such a briefing the week of the trades.

The SEC previously said Burr possessed “material nonpublic information concerning Covid-19 and its potential impact on the U.S. and global economies.”

In the DOJ’s probe of the stock trade, Burr turned over his official Senate phone to the FBI after a warrant was served, an official confirmed to CNN at the time. Use of the warrant had been signed off at the highest levels of the Justice Department, as is protocol, according to the source.

The Senate-issued cellphone was Burr’s primary device and investigators had asked Apple for information from Burr’s iCloud backup, a person familiar with the investigation previously said.

Burr had consistently denied any wrongdoing, saying he made the trades based solely on public information, not information he received from the committee.

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Retiring GOP Senator Knocks Trump’s ‘Unbelievably Terrible’ Campaign Rollout – Rolling Stone

Sen. Pat Toomey (R-PA), whose twelve-year stint in Congress will end next month, said Sunday that former President Donald Trump hasn’t maintained his iron grip on the Republican Party due in part to Republicans’ underperformance in the midterms and the manner in which Trump launched his re-election bid.

Appearing on CNN State of the Union, Toomey elaborated on his closing piece of advice to his GOP colleagues, having said Thursday on the Senate floor that his party “can’t be about or beholden to any one man.”

Host Jake Tapper asked the retiring Senator if he believed Republicans “are increasingly receptive to that message,” and if Trump’s sway over the party is slipping.

“Absolutely I do,” Toomey replied. “First, I think his influence was waning — not as quickly as I had hoped it would — but I think it was waning. But the election outcome from last month I think dramatically accelerates the waning, and, frankly, his unbelievably terrible rollout of his re-election — his election campaign is also not helping him.”

As it happens, Republicans lost the race to fill Toomey’s seat, meaning Democrats will control the chamber with an outright majority and not have to depend on a tie-breaking vote by the vice president. The GOP did manage to win back the House, though by a much smaller margin than anticipated, causing House Minority Leader Kevin McCarthy (R-CA) some headaches when it comes to corralling enough votes to become Speaker.

A week after the midterms — yet before the Senate runoff election in Georgia — Trump announced his candidacy during a lethargic speech from Mar-a-Lago. Since then, he demanded the “termination” of the Constitution to get his old job back, dined with a white supremacist and an antisemite, and shilled NFTs, a move that even some of his most loyal supporters couldn’t get behind. On top of that, Trump’s namesake organization was convicted on nine counts of tax fraud, and he has been losing major donors one by one.

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Toomey specified that one example of what he viewed as the party’s willingness to move beyond Trump was the “impressive turnout of prominent Republicans who have been going to events like the [Republican Jewish Coalition’s] meeting in Las Vegas openly talking about themselves as candidates after Donald Trump had already made it clear he was running.” That event last month featured Florida Gov. Ron DeSantis, former Vice President Mike Pence, and former Secretary of State Mike Pompeo, who, the day after Trump’s announcement, called for “leaders who are looking forward, not staring in the rearview mirror claiming victimhood.”

“It tells you that they perceive the Republican electorate to be much more open,” Toomey said. “And in my travels since the election around Pennsylvania, I’ve heard from many, many formerly very pro-Trump voters that they think it’s time for our party to move on. So, yes, I think that process is under way. It’s not a flip of a switch. It doesn’t happen overnight. [Trump] still has a significant following, that’s for sure. But I do think his influence is waning.”



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Senator Bob Menendez under federal criminal investigation

FILE: U.S. Sen. Bob Menendez (D-NJ) at a Senate hearing on Capitol Hill, Sept. 15, 2022.

Kevin Dietsch / Getty Images


Washington — New Jersey Sen. Bob Menendez is under federal criminal investigation in New York, sources and a political adviser to the senator confirmed to CBS News. 

Michael Soliman, a longtime political adviser to the New Jersey Democrat, told CBS News, “Senator Menendez is aware of an investigation that was reported today. However, he does not know the scope of the investigation. As always, should any official inquiries be made, the senator is available to provide any assistance that is requested of him or his office.”

The news site Semafor first reported the investigation into Menendez.

Federal prosecutors first investigated Menendez in 2015 when he was indicted — but never convicted — in an alleged bribery scheme in which prosecutors said an eye doctor provided flights on a private jet and other perks in exchange for his help securing contracts. The subsequent 2017 trial on the charges in New Jersey ended in a mistrial after the jury failed to reach a verdict. 

It is unclear if this latest investigation involves similar allegations.

Menendez is also a senior member of the Senate Banking and Finance committees and, according to his Senate website, he is the first Latino to chair the Foreign Relations Committee. He was first elected to Congress in 1993 to represent New Jersey’s 13th Congressional District and ran for the Senate over a decade later. 

The Justice Department declined to comment.

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Bob Menendez: New Jersey Democratic senator under federal investigation again



CNN
 — 

Sen. Bob Menendez is facing a new federal investigation after a jury failed to reach a verdict in his 2017 trial for corruption, an adviser to the New Jersey Democrat said in a statement Wednesday.

“Senator Menendez is aware of an investigation that was reported on today, however he does not know the scope of the investigation,” Michael Soliman, an adviser to Menendez said in the statement. “As always, should any official inquiries be made, the Senator is available to provide any assistance that is requested of him or his office.”

The US Attorney’s Office for the Southern District of New York is conducting the investigation, a source told CNN. The scope of the investigation is unclear.

The digital news operation Semafor was first to report on the investigation and described it as broadly similar to the 2017 case, but involving a different set of people, citing two people familiar with the investigation.

The federal corruption trial of Menendez ended in a mistrial in November 2017 after the jury reported it was deadlocked.

Menendez faced charges of conspiracy, bribery, and honest services fraud related to allegedly abusing the power of his office that could carry decades in prison. Prosecutors said the senator accepted more than $600,000 in political contributions, a luxurious hotel suite at the Park Hyatt in Paris, and free rides on a private jet from a wealthy ophthalmologist, Dr. Salomon Melgen, in exchange for political favors.

Both men denied all of the charges. Following the mistrial, a federal judge acquitted them of several of the charges in 2018.

Melgen was convicted on dozens of counts of health care fraud and sentenced to 17 years in a separate case, but his sentence was commuted by then-President Donald Trump in 2021.

This story has been updated with additional information Wednesday.

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