The latest episode of ‘Bloomberg Open Interest’ highlights a pivotal week for markets, with Tesla and Alphabet set to report earnings, testing investor sentiment toward Big Tech. Invesco’s potential restructuring of its QQQ ETF is seen as a game-changer, signaling shifts in passive investment strategies. Verizon CEO Hans Vestberg discusses the company’s earnings beat, reinforcing telecom resilience. Additionally, Pennsylvania Senator Dave McCormick outlines plans to transform the state into an AI hub, coinciding with the President’s recent visit to Pittsburgh. The show provides a snapshot of key financial and technological developments shaping the US economy.
about Big Tech Earnings & AI Hubs: Key Market MovesDave McCormick
0 posts last weekUS Senate Subcommittee Hears Digital Asset Market Structure Bill
The US Senate Banking Committee’s subcommittee on digital assets convened a hearing to explore bipartisan legislative frameworks for digital asset market structure, but attendance was notably low, with only five out of 11 senators present. Subcommittee Chair Cynthia Lummis suggested conflicting schedules may have contributed to the absences. Witnesses included former CFTC Chair Rostin Behnam, Coinbase’s Ryan VanGrack, Multicoin Capital’s Greg Xethalis, and Wharton’s Sarah Hammer, who fielded questions on regulatory approaches. The hearing highlighted ongoing legislative efforts to define crypto market rules amid industry growth and regulatory uncertainty.
about US Senate Subcommittee Hears Digital Asset Market Structure BillTrump Administration Plans Crypto Subcommittee Led by Senator Lummis
The US Senate Banking Committee is set to establish a crypto subcommittee, with Senator Cynthia Lummis as the leading candidate for chair under the incoming Trump administration. This subcommittee will oversee digital asset regulations, potentially superseding conflicting rules from the SEC and CFTC. Meanwhile, Rostin Behnam is expected to step down as CFTC chair, with Summer Mersinger likely to succeed him, advocating for a more balanced regulatory approach.
about Trump Administration Plans Crypto Subcommittee Led by Senator LummisCynthia Lummis Appointed Chair of New Senate Crypto Subcommittee
Republican Senator Cynthia Lummis of Wyoming has been appointed to chair the newly formed crypto subcommittee of the US Senate Banking Committee, with a vote expected soon. Lummis, a proponent of cryptocurrency, recently introduced the Bitcoin Act of 2024, advocating for a Bitcoin strategic reserve. Other Republican members include Senators Bernie Moreno, Dave McCormick, Thom Tillis, and Bill Hagerty, while the participation of Democratic Senators remains uncertain, particularly with anti-crypto advocate Elizabeth Warren as the top Democrat on the committee.
about Cynthia Lummis Appointed Chair of New Senate Crypto SubcommitteeUS Senate Banking Committee Plans Crypto Subcommittee Ahead of Trump Inauguration
The US Senate Banking Committee is poised to establish its first crypto subcommittee, with Senator Cynthia Lummis as a leading candidate for chair, reflecting a pro-crypto stance as President-Elect Trump prepares to take office. CFTC Commissioner Summer Mersinger is also a top contender to lead the agency, succeeding Rostin Behnam, as Trump aims to enhance the US’s position in the crypto landscape. The developments come amid ongoing discussions about regulatory control and the future of digital assets in the Senate.
about US Senate Banking Committee Plans Crypto Subcommittee Ahead of Trump Inauguration