House Financial Services Committee

New House Financial Services Committee Chairman Says Clear Crypto Regulations Are Near the Top of His To-Do List

December 14, 2024 The Daily Hodl

crypto

Rep. French Hill says establishing a clear market structure for digital assets is one of his top three priorities as the newly elected House Financial Services Committee chairman. Hill (R-Arkansas), a staunch supporter of the crypto sector, secured the chairmanship earlier this week, taking over for retiring fellow GOP lawmaker Patrick McHenry (R-North Carolina). The […]

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Arkansas GOP Rep and Crypto Ally French Hill Secures House Financial Services Committee Chairmanship

December 13, 2024 The Daily Hodl

crypto

Rep. French Hill, a staunch supporter of the crypto sector, secured the House Financial Services Committee chairmanship on Thursday. Hill (R-Arkansas) will take the reins from fellow GOP lawmaker Patrick McHenry (R-North Carolina), who didn’t seek reelection this year. McHenry is also a vocal digital asset advocate. Hill has an “A” rating from Stand With […]

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Congressman criticizes Gensler as most ‘destructive’ SEC chair during hearing

September 25, 2024 Coin Telegraph

Coin Telegraph

SEC Chair Gary Gensler faced criticism from lawmakers and agency members during a House Financial Services Committee hearing over his handling of crypto regulation in the United States.

United States Congressman Tom Emmer slammed SEC Chair Gary Gensler during a congressional hearing, calling him the most “destructive” and “lawless” Chair in the regulator’s 90-year history.

“You’ve made up the term crypto asset security. This term is nowhere to be found in statute, you made it up [and] you never provided any interpretive guidance on how crypto asset security might be defined within the walls of your SEC,” Emmer told Gensler before a House Financial Services Committee hearing on Sept. 24.

Emmer said the term had served as the entire basis for Gensler’s “enforcement crusade” against the crypto industry for the last three years. This was up until last week when SEC lawyers retracted the term in a court footnote.

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Lawmaker Highlights 2 Bills to Make US a Crypto Leader — Says Bitcoin Is ‘Unstoppable’

April 10, 2024 Bitcoin.com

bitcoin.com

Congressman Patrick McHenry says bitcoin is unstoppable and every regime that’s tried to shut it down has failed. He emphasized that the U.S. must become a leader in digital assets, noting that two congressional bills offer a path toward clear regulations. Two Pieces of Legislation Could Provide Greater Clarity in Digital Assets Congressman Patrick McHenry […]

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House Financial Services Committee Advances Bill to Repeal SEC Bulletin Preventing Banks From Offering Crypto Custody Services

March 2, 2024 Bitcoin.com

Better Markets

The House Financial Services Committee of the U.S. Congress has advanced a resolution that seeks to disavow SEC SAB 121, a bulletin that leaves banks and financial institutions out of the cryptocurrency custody provider market. However, the resolution, advanced with bipartisan support, is unlikely to be passed at a vote on the House floor, according […]

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US Anti-CBDC Bill Passes Through House Financial Services Committee Along Party Lines

September 22, 2023 The Daily Hodl

CBDC

US legislators in the House Financial Services Committee have voted in favor of a proposed law that aims to stop the Federal Reserve from issuing a central bank digital currency (CBDC). According to the office of Congressman Tom Emmer (R-MN), the committee passed the CBDC Anti-Surveillance State Act during a markup session on Wednesday. Emmer, […]

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US Lawmakers To Consider Legislation That Would Clarify When Crypto Assets Are Securities: Report

July 27, 2023 The Daily Hodl

crypto assets

Members of a key congressional committee reportedly just voted to advance a proposed legislation that will establish when crypto assets should be treated as securities or commodities. According to Reuters, the House Financial Services Committee passed the proposed law on Wednesday and the House Agriculture Committee will consider the same bill on Thursday. If the […]

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SEC Chair Gary Gensler To Face Congress Over Strategy on Digital Assets

March 29, 2023 The Daily Hodl

congress

The Chairman of the U.S. Securities and Exchange Commission (SEC) is set to face Congress over his approach on crypto assets. In a recent interview with Punchbowl News, Republican Congressman Patrick McHenry, the current Chair of the House of Representatives Financial Services Committee, confirms that SEC Chair Gary Gensler will face Congress on April 18th […]

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House Republicans Demand Answers From SEC Over FTX Co-Founder’s Arrest

February 12, 2023 Bitcoin.com

American people

On Feb. 10, 2023, Republicans Patrick McHenry of North Carolina and Bill Huizenga of Michigan, both members of the U.S. House of Representatives, sent a letter to Securities and Exchange Commission (SEC) chairman Gary Gensler seeking answers about the arrest of FTX co-founder Sam Bankman-Fried prior to his scheduled testimony before the House Financial Services […]

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Republican Lawmakers Pen Open Letter to SEC Criticizing Two New Proposals

April 20, 2022 The Daily Hodl

Daily Hodl

Two high-ranking US lawmakers are attacking the U.S. Securities and Exchange Commission (SEC) for proposing new rules that could “stifle innovation” in the crypto ecosystem. Republicans Patrick McHenry, a representative from North Carolina, and Bill Huizenga, a representative from Michigan, sent a letter to SEC Chair Gary Gensler on Monday expressing concerns over two proposed […]

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