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Fed Chair Powell Signals More Rate Hikes This Year as Taming Inflation Has ‘Long Way to Go’
21.6.2023
Federal Reserve Chairman Jerome Powell has signaled more interest rate hikes this year. “Given how far we’ve come, it may make sense to move rates higher but to do so at a more moderate pace,” the Fed chair told U.S. lawmakers. “Inflation pressures continue to run high, and the process of getting...
Fed Chair Powell Says Central Bank Needs ‘Robust’ Role Overseeing U.S. Stablecoins
21.6.2023
Federal Reserve Chairman Jerome Powell argued for the need for strong central-bank oversight in stablecoin regulations being crafted by lawmakers in the House Financial Services Committee
House Financial Services Republicans Blast SEC’s Proposed Rule, State Gensler Is Pushing ‘His Own Personal Views Regarding Digital Assets’
15.6.2023
Republicans of the House Financial Services Committee have criticized U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler, stating he is using Rule 3b-16 amendments to impose his views on cryptocurrency assets. In a letter sent to the SEC, republicans push back against the new proposed...
Gary Gensler’s Catch-22 Vision of ‘Regulated’ Crypto Brokers
14.6.2023
The SEC-registered trading platform Prometheum pitched the House on Gary Gensler's vision. But skeptical legislators highlighted that the platform won't offer major assets, including Bitcoin
House Bill Shows Challenge of Regulating Crypto Without Giving TradFi a Free Pass
13.6.2023
House Republicans Patrick McHenry and GT Thompson face a central problem drafting their crypto bill: Removing SEC discretion over whether a crypto token is a security allows issuers of traditional stocks and bonds the opportunity to arbitrage regulation, writes Todd Phillips
Fear of blockchain will have 'disastrous consequences' — Ava Labs CEO testimony
13.6.2023
Gün Sirer says the U.S. “won the first wave of the internet revolution” because it enabled responsible innovation. Now, it must do the same with blockchain
US House Financial Services Committee Republicans Reach Some Compromise With Democrats on Latest Version of a Stablecoin Bill
9.6.2023
The House Financial Services Committee under its Republican leadership has dropped a new version of its stablecoin bill after receiving feedback from its Democratic members.
The bill, which is still a discussion draft, would regulate payment stablecoins specifically, and would allow state...
New Stablecoin Bill Drafted by House Republicans as Compromise With Democrats
9.6.2023
The Republican chair of the House Financial Services Committee has released a new draft of the leading U.S. legislative proposal for overseeing stablecoins, and it includes some of the positions of Democratic lawmakers
U.S. House Republicans Push for Crypto Oversight With Bill to Make SEC Play Ball
2.6.2023
Crypto exchanges would gain a path to registering with the U.S. Securities and Exchange Commission (SEC) and would be able to trade digital securities, commodities and stablecoins all in one place under a proposal from the Republican chairs of the two House of Representatives committees trying...
A House Bill Would Make It Harder for the SEC to Argue Crypto Tokens Are Securities
31.5.2023
The five-page, bipartisan Securities Clarity Act by Representatives Tom Emmer and Darren Soto would significantly reduce uncertainty for both crypto investors and issuers, write Bain Capital Crypto’s Tuongvy Le and Khurram Dara
U.S. Hearing Highlights Stablecoin Rift in Competing House Bills
18.5.2023
U.S. lawmakers aren’t yet able to reach across the chasm between Republicans and Democrats’ very different ideas for how to oversee stablecoins, despite notes of hope from both sides evident in a Thursday hearing of the House Financial Services Committee’s digital assets panel
House Democrats Consider New Stablecoin Bill Proposal: Source
12.5.2023
House Democrats on the Financial Services Committee are considering a new version of proposed stablecoin bill weeks after Republicans on the committee introduced their own discussion draft
US House Financial Services Committee Chair Rep. McHenry Accuses SEC Chair of Avoiding Answering Questions
11.5.2023
House Financial Services Committee Chair Patrick T. McHenry accused US Securities and Exchange Commission Chair Gary Gensler of avoiding requests for information about cryptocurrency-related matters, going so far as to threaten a hearing if they don’t hear back soon....
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Previewing Congress's Joint Crypto Regulation Hearing
10.5.2023
Over the past several weeks, Congress – particularly the House Financial Services Committee – has held a number of hearings on crypto and its role in the world. Even a hearing supposedly focused on overseeing the U.S. Securities and Exchange Commission instead mostly saw questions on crypto...
US House Financial Services Committee Says Crypto Bill Coming in "Next Two Months" – Here's What You Need to Know
29.4.2023
The US House Financial Services Committee and House Agriculture Committee are set to introduce comprehensive legislation to oversee the cryptocurrency sector in the next two months.
Before unveiling the new bill, the two committees will hold a joint public hearing, which is scheduled to start...
Why the Politics of Crypto Feels Different This Time
26.4.2023
Last week’s testimony by SEC Chair Gary Gensler before the House Financial Services Committee showed that the political divide towards crypto has never been clearer. Noelle Acheson dives into why this matters now
Europe ‘Ahead of the Game’ in Web3 After MiCA Law, U.S. House Finance Chair Says
25.4.2023
Patrick McHenry is seeking to push his own stablecoin bill through Congress but faces Democrat skepticism
House Republicans Make Case on Stablecoin Bill After Democrats Called for Do-Over
24.4.2023
Republicans on the House Financial Services Committee are taking another swing at stablecoin legislation with a discussion draft revealed Monday afternoon, which may mark a new starting point for negotiations with Democrats
Democrats Blast Draft Stablecoin Bill in First 2023 Hearing on Issue
19.4.2023
Despite Republican House committee leaders publishing a draft bill and talking about progress, it hasn't been on the bipartisan level required for an eventual law, lawmakers said in a hearing Wednesday
SEC Chair Gensler Declines to Say if Ether Is a Security in Contentious Congressional Hearing
19.4.2023
Securities and Exchange Commission Chair Gary Gensler refused to say whether ether, the second-largest cryptocurrency by market cap, was a security during a nearly five-hour hearing Tuesday