Cryptoussenate

US Treasury Secretary Scott Bessent says the Trump administration has asked Congress to eliminate the gas tax during testimony before the House Ways and Means Committee.

Senior Democratic lawmakers have called on the US Labor Department to abandon plans that would allow cryptocurrencies and other alternative assets to be included in Americans’ 401(k) retirement plans.

The US Senate is expected to resume consideration of the Digital Asset Clarity (CLARITY) Act this week as lawmakers return from the Memorial Day holiday and continue work on a comprehensive crypto market structure framework.

The United States Senate voted to advance a resolution that could require US President Donald Trump to obtain congressional authorisation to continue military operations against Iran.

Bob Diamond, founding partner and CEO of Atlas Merchant Capital, discusses the emerging trend of tokenized real-world assets. Speaking with Bloomberg's Caroline Hyde on "Bloomberg Markets," Diamond also comments on the recent UK political turmoil, the outlook for Middle East markets and the Senate Banking Committee advancing the so-called Clarity Act that would establish the CFTC as the primary regulator for large parts of the crypto industry.

The Senate confirmed Kevin Warsh as chair of the Federal Reserve with a 54-45 vote, the slimmest confirmation margin ever for a head of the central bank. Mike McKee reports.

The US Senate voted 51 to 45 to confirm Kevin Warsh as a member of the Federal Reserve Board of Governors, with lawmakers expected to vote shortly on his nomination as chair of the central bank.

Kevin Warsh won the backing of the Senate Banking Committee on a 13-11 party-line vote to be the next chair of the Federal Reserve. Mike McKee reports on "Bloomberg Open Interest."

Treasury Secretary Scott Bessent says that many Persian Gulf allies along with a number of Asian nations have requested foreign exchange swap lines with the US. He speaks during testimony before the Senate Appropriations Subcommittee on President Donald Trump's 2027 budget request.

US Senator Elizabeth Warren, a Massachusetts Democrat, says Republicans need to "grow a backbone" and stand up to President Donald Trump regarding the war in Iran. Speaking on "Balance of Power: Evening Edition," Senator Warren also discusses Federal Reserve Chair Nominee Kevin Warsh's testimony before the Senate Banking Committee.