Patrick Machenry News

04.10 / 04:11

business regulation us government white house Senate Crypto-friendly Patrick McHenry takes interim House Speaker position

United States Representative and crypto-friendly lawmaker Patrick McHenry has been appointed as interim House Speaker after the high-profile ousting of U.S. House speaker Kevin McCarthy.

04.10 / 03:25

UPS Bill President show us house Kevin McCarthy ousted as Speaker: What’s next for leaderless US House?

Kevin McCarthy has left the chamber in a state of paralysis until a new speaker is found. That raises the chances of a US government shutdown next month and a delay in further Ukraine assistance. Here are the next steps the House faces: Patrick McHenry, Republican of North Carolina, is now the speaker pro-tem.

02.10 / 18:39

Stablecoin regulation Circle Despite Government Shutdown Worries, Stablecoin Legislation Pushed by McHenry

The US House of Representatives’ Financial Services Committee Chair Patrick McHenry on Friday reaffirmed his commitment to regulating stablecoins, despite a potential government shutdown looming at the time.

28.09 / 08:01

crypto regulation us sec us house committee US House Committee Grills SEC Chair Gary Gensler Over Crypto, Dubbed 'Tonya Harding of Regulation'

In a congressional hearing on September 27, the chair of the United States Securities and Exchange Commission (SEC) Gary Gensler, faced a barrage of questions and criticisms regarding the oversight of crypto markets.

27.09 / 20:33

business regulation SEC NOT SEC’s Gensler is loyal to banks, not an impartial regulator — Rep. Tom Emmer

United States Representative Tom Emmer spoke out against Securities and Exchange Commission Chair Gary Gensler during a hearing at the House Financial Services Committee on Sept. 27. According to the lawmaker, Gensler has been loyal to Wall Street “at the clear expense of innovation, competition, and everyday Americans.”

27.09 / 16:01

Government regulation FTX us house committee US House committee leadership threatens to subpoena SEC over FTX docs

Rep. Patrick McHenry, who chairs the United States House Financial Services Committee, has suggested that he may try to subpoena the Securities and Exchange Commission (SEC) over documents related to former FTX CEO Sam Bankman-Fried, or SBF.

18.09 / 05:47

CBDC Digital Dollar us house services committee Financial US House Financial Services Committee Advances Bill to Block Digital Dollar Launch

The United States House Financial Services Committee is going forward with the legislative measures aimed at controlling the issuance of a digital dollar.

17.09 / 16:59

CBDC regulation Digital Dollar lawmakers US lawmakers US lawmakers advance legislation blocking the digital dollar

The United States House Financial Services Committee is moving forward with legislation aimed at preventing the issuance of a central bank digital currency.

09.09 / 07:39

Digital voice Chairman McHenry Sharply Criticizes U.S. Treasury and IRS Over Digital Asset Reporting Proposals

Chairman of the House Financial Services Committee, Patrick McHenry, has publicly voiced his concerns over the Notice of Proposed Rulemaking on digital asset reporting requirements issued by the U.S. Department of the Treasury and the Internal Revenue Service (IRS). The proposed regulations, which were announced on August 25, 2023, are part of the Infrastructure Investment and Jobs Act.

31.08 / 15:53

Blockchain Digital SEC Software Align lawmakers FINRA Prometheum Prometheum's License Approval: Republican Lawmakers Challenge SEC and FINRA Decisions

A digital asset company called Prometheum Ember Capital LLC has recently gained attention for being named the first Special Purpose Broker-Dealer (SPBD) for digital assets. Republican members of the House Financial Services Committee have expressed reservations about this decision, leading them to ask the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) for explanation.

30.08 / 19:29

Sec Chair SEC Chair Gary Gensler Set for Back-to-Back Hearings Before Congress

Securities and Exchange Commission (SEC) Chairman Gary Gensler is scheduled to appear before Congress twice in September, first testifying to the Senate Banking Committee on September 12 and later to the House Financial Services Committee on September 27.

30.08 / 06:07

Grayscale crypto regulation us sec Sec Chair US Congressman Calls to Dismiss Gensler as SEC Chair Following Grayscale Ruling

US Congressman Warren Davidson of Ohio has called for the removal of Gary Gensler as Securities and Exchange Commission (SEC) chair following the Grayscale ruling on Tuesday.

28.08 / 21:33

regulation SEC security Gemini IRS Taxes New tax rules for crypto in the US: Law Decoded

The United States Internal Revenue Service (IRS), which is responsible for tax collection in the United States, has released proposed regulations on the sale and exchange of digital assets by brokers. Under the rules, brokers would be required to use a new form to simplify tax filings and cut down on tax cheating. According to the U.S. Treasury, the regulations bring digital asset reporting into line with reporting on other types of assets.

28.08 / 20:17

regulation Congress Financial Services legislation us house services Stablecoin Bill Financial US House Financial Services members scold Fed’s Powell for stablecoin bill obstruction

The Federal Reserve is seemingly running interference with congressional efforts to regulate stablecoins, according to a letter recently sent to Fed Chairman Jerome Powell. The letter came from Chairman of the U.S. House of Representatives Financial Services Committee Patrick McHenry and subcommittee chairs French Hill and Bill Huizenga.

15.08 / 20:07

Government regulation SEC policies lawmakers US lawmakers FINRA Prometheum Broker US lawmakers press SEC and FINRA on Prometheum's broker-dealer approval

United States lawmakers on the House Financial Services Committee have demanded answers from the heads of the Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) regarding under what circumstances Prometheum obtained a special purpose broker-dealer license (SPBD).

10.08 / 16:19

business Stablecoin regulation economy Reserve Stablecoins could be key to upholding US dollar’s global reserve status: WSJ op-ed

Stablecoins are at the heart of a dollar-based revolution and could be a pivotal factor in keeping the U.S. dollar the dominant global currency, according to an Aug. 9 opinion piece published in The Wall Street Journal.

09.08 / 19:47

Government Stablecoin regulation PayPal us house services committee Financial US House Financial Services Committee leadership takes opposing sides on the PayPal stablecoin

PayPal’s launch of a U.S. dollar-pegged stablecoin has prompted questions from Democratic members of the House Financial Services Committee, while Republican leadership said the coin showed the potential of regulatory clarity.

08.08 / 02:21

business Ethereum Stablecoin CBDC PayPal us government transactions PayPal USD NOT Paypal USD: Boon for Ethereum but not decentralization, says community

Paypal’s new Ethereum-based stablecoin, PYUSD has been seen as bittersweet news for the crypto community.

03.08 / 15:47

Stablecoin FIVE Cooper regulation cover Stablecoin Bill Stablecoin Bill's Failure Reflects Deepening Political Divide in Crypto

The passing of a much-discussed stablecoin bill last week in the House Financial Services Committee revealed just how deep the political divide in Washington has become, a recent Fortune Crypto newsletter said.

29.07 / 10:09

UPS BTC Lowe's Digital Bitcoin show Weekend Bitcoin Price Prediction as Weekend Trading Volume Falls to $10 Billion – Is a Big Move on the Way?

Bitcoin is currently trading at $29,436, experiencing a slight increase of nearly 0.50% on Saturday.

28.07 / 21:13

cryptocurrency Altcoins ETC ICP Bitcoin Ethereum Classic ImmutableX Best Crypto to Buy Now 28 July – ImmutableX, Internet Computer, Ethereum Classic

On July 27, Grayscale presented an argument on the approval of Bitcoin ETFs to the SEC, amid growing pressure for their approval from a growing user base.

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