house financial services committee – DIGIT INFO

Gensler grilled as most ‘destructive’ SEC chair before congressional hearing

DIGIT — Wed, 25 Sep 2024 02:26:49 +0000

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

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Public blockchains too ‘fragile’ for tokenization: Professor tells Congress

DIGIT — Wed, 05 Jun 2024 23:57:58 +0000

Allen argued that public blockchains “can’t process large volumes of transactions” — though on-chain data suggests otherwise.

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

DIGIT — Wed, 10 Apr 2024 23:25:51 +0000

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

DIGIT — Sat, 02 Mar 2024 05:00:39 +0000

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

DIGIT — Sun, 12 Feb 2023 17:00:53 +0000

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

DIGIT — Wed, 01 Sep 2021 18:00:16 +0000

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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Regulations Round-Up: Holland Targets Electricity Theft, MI Republican Wants More Oversight

DIGIT — Tue, 31 Jul 2018 15:35:50 +0000

In recent regulatory news, Dutch police have reported an increase in electricity fraud associated with crypto mining, a Michigan Republican member of the House Financial Services Committee has urged Congress to make the development of clear guidelines overseeing the cryptocurrency industry a top priority, and digital currency advocacy group, Chamber of Digital Commerce, has published […]

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