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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
What’s in the House Financial Services Committee’s Stablecoin Bill?
19.4.2023
The House Financial Services Committee has finally unveiled its stablecoin legislation, proposing a framework for stablecoin issuers such as Circle and Tether to define how their offerings can be regulated by state and federal entities, while calling for a temporary ban on algorithmic stablecoins
Speakers prepare to tell US House Financial Services Committee about stablecoins
18.4.2023
Five experts will testify at a hearing titled “Understanding Stablecoins’ Role in Payments and the Need for Legislation,” with two of them releasing their scripts in advance
Congressional Republicans Criticize SEC Chair Gary Gensler's Crypto Approach Ahead of Hearing
18.4.2023
Republicans on the House Financial Services Committee sent a letter criticizing Securities and Exchange Commission Chair Gary Gensler and his repeated entreaties to crypto companies to "come in and register" moments before a congressional hearing on his agency
SEC Lays Its Cards on the Table With Assertion That DeFi Falls Under Securities Rules
17.4.2023
The U.S. Securities and Exchange Commission's (SEC) warning shot last week that decentralized finance (DeFi) could be thrown into its expanding definition of what makes a securities exchange is the latest move to formalize what Chairman Gary Gensler has been saying: Crypto belongs in the securities...
Fed Chair Powell Provides Update on US Central Bank Digital Currency
10.3.2023
Federal Reserve Chairman Jerome Powell has provided an update on the Fed’s central bank digital currency (CBDC) work in a hearing before the House Financial Services Committee. While stating that the Fed is “making progress on technological issues,” Powell stressed that...
House Digital Assets Panel Chair Ready to Work With Ag Committee on Crypto Framework
2.3.2023
Representative French Hill (R-Ark.) is the chairman of the newly-formed Financial Services Subcommittee on Digital Assets
US Lawmakers Create ‘Congress’ First Ever’ Digital Assets Subcommittee
15.1.2023
U.S. Congress’ “first ever” subcommittee on digital assets has been created as part of the House Financial Services Committee. “We want to create a regulatory legal framework for digital assets … that makes America a leader from an innovation point of view but also protects...
Bahamas regulator denies asking crypto exchange FTX to mint new tokens
3.1.2023
Bahamas regulator fights back against being ‘publicly challenged’ by FTX against incorrect calculations of digital assets transferred under its control
New House Financial Services Committee chair wants to delay crypto tax changes
16.12.2022
U.S. Republican Representative Patrick McHenry called for clarification on a “poorly” written digital asset tax provision in a letter to the Treasury
Incoming House Financial Services Committee Chair Asks Secretary Yellen to Delay Crypto Tax Provision
15.12.2022
Rep. Patrick McHenry, the soon-to-be chair of the House Financial Services Committee, wrote a public letter to Treasury Secretary Janet Yellen asking her to delay the implementation of the tax provision in last year's infrastructure law
Sam Bankman-Fried says he will testify before the US House Financial Services Committee remotely
12.12.2022
The former CEO previously missed the deadline to confirm his appearance before the Senate Banking Committee, despite the threat of a subpoena
US House Committee to Investigate and Hold Bipartisan Hearing on FTX Collapse
16.11.2022
The U.S. House Financial Services Committee is planning to investigate the FTX collapse, according to a joint press release published by the committee’s chair Maxine Waters and representative Patrick McHenry. Furthermore, a congressional hearing is scheduled to take place in December, according...
Congressmen tell SEC redefining long-standing concepts would be bad for digital ecosystem
18.4.2022
Republican House Financial Services Committee members are resisting proposed changes to the 1934 Exchange Act in a letter to the Securities Exchange Commission
Federal Reserve Chairman Powell Says No Intention to Ban or Limit Use of Cryptocurrencies
2.10.2021
Federal Reserve Chairman Jerome Powell confirmed during a hearing before the House Financial Services Committee that he has no intention to ban or limit the use of cryptocurrencies. He also commented on the regulation of stablecoins. Powell Says ‘No Intention to Ban’ Crypto...
AOC, Pressley, Tlaib ‘Urge’ Biden to Replace Fed Chair With Someone Willing to Address ‘Climate Change’
1.9.2021
All the recent money creation from the Federal Reserve wasn’t enough, according to a few American bureaucrats, as three politicians from the House Financial Services Committee are urging U.S. president Biden to replace Fed chairman Jerome Powell with someone who will address “climate...
State of Crypto: Congress Is Holding 3 Hearings Today, Here’s What to Expect
27.7.2021
Congress is holding three simultaneous hearings around cryptocurrencies today – and they're all on different types of use cases