Countdown to a critical Fed decision: Live updates - CNN

The development is the latest move by an increasingly aggressive regulatory body to rein in crypto in the wake of multiple bankruptcies and scandals in the digital asset space last year.

Senator Elizabeth Warren, a longtime critic of the Fed Chair Jerome Powell, spoke out against the central bank's latest rate hike.

Earlier Wednesday, CNN reported exclusively that Warren, Senator Bernie Sanders and 10 other lawmakers are cranking up the pressure on the Federal Reserve following the collapse of Silicon Valley Bank.

13 hr 41 min ago The combined weighting of Apple and Microsoft in the S&P 500 has reached its highest level on record, at 13.3%, in part driven by turmoil in the banking sector that sent investors rushing to seek refuge for their cash.

14 hr 3 min ago U.S. Secretary of the Treasury Janet Yellen testified before the Senate Appropriations Subcommittee on Financial Services on March 22 in Washington, DC.

14 hr 34 min ago Traders react as Federal Reserve Chair Jerome Powell is seen delivering remarks on a screen, on the floor of the New York Stock Exchange on March 22.