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

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

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

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

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

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

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

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

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

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

Republican Lawmakers Pen Open Letter to SEC Criticizing Two New Proposals

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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AOC, Pressley, Tlaib ‘Urge’ Biden to Replace Fed Chair With Someone Willing to Address ‘Climate Change’

AOC, Pressley, Tlaib ‘Urge’ Biden to Replace Fed Chair With Someone Willing to Address ‘Climate Change’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 risk.” AOC, Tlaib, Pressley: ‘Climate Change Is a Warning of the Potential […]

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