Crypto skeptic Sen. Sherrod Brown (D-Ohio), whose Democratic Party currently controls the Senate, is the chairman of the Banking Committee and has been reluctant to allow digital assets regulatory bills to move through the panel, despite some progress in the House of Representatives. In Ohio’s general election, he faces Republican challenger Bernie Moreno, an Ohio businessman and crypto enthusiast who founded a blockchain startup, and Lummis – a member of Brown’s committee – predicted on Tuesday that digital assets could be front and center in this matchup.
MicroStrategy Q1 Operating Loss of $53.1M After Bitcoin Holdings Impairment Charge of $191.6M
While some had expected the company might adopt the new digital asset fair value accounting standard, and thus report a...