Patrick Machenry News

02.06 / 19:17

Provident Digital SEC Platform Action coinbase Gemini Crypto bill from Republicans lays out clear roles for SEC and CFTC

Republican lawmakers released a draft bill on Friday that would provide crypto assets and exchanges a clearer regulatory plan, allowing digital assets to be traded on more conventional trading platforms and introducing a division of authority between the top two U.S. financial regulators.

18.05 / 17:57

Stablecoin regulation House Financial Services lawmakers hearing Lawmakers Reveal Differences on Stablecoin Bills in House Hearing — Will They Find Consensus?

House Democrats and Republicans are seemingly divided on how to regulate stablecoins but are finding consensus that some form of legislation is needed.

18.05 / 14:31

Digital Platform lawmakers ABA calls on lawmakers to regulate stablecoin issuers like banks

On Thursday, the House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion debated two bills on stablecoin regulation, one brought by committee chairman Patrick McHenry and the other by ranking member Maxine Waters. The ABA says that while it supports parts of both bills, they fall short in several areas.

15.05 / 14:49

regulation SEC coinbase Terra SEC under fire for its custody rule: Law Decoded, May 8–15

Last week was harsh for the United States Securities Exchange Commission (SEC), with industry figures and officials publicly criticizing the regulator.

12.05 / 19:21

regulation coinbase legislation lawmakers Former Lawmakers Join Coinbase’s New Global Advisory Council

Former US lawmakers Patrick Toomey, R-Pa., Tim Ryan, D-Ohio., and Patrick Maloney, D-N.Y will join Coinbase’s newly launched Global Advisory Council to guide its leadership team.

12.05 / 17:59

regulation Federal Reserve white house policies Reserve President Biden announces nominations for key positions at Federal Reserve

United States President Joe Biden has announced his nomination of two people for key positions on the Federal Reserve, including a new Fed governor and economist Philip Jefferson as vice chair.

11.05 / 23:33

regulation SEC banking Digital Asset us house committee Financial US House financial committee tells SEC they don’t like custody proposal

The chair of the United States House of Representatives Financial Services Committee and six subcommittee chairs have sent a letter to U.S. Securities and Exchange Commission (SEC) Secretary Vanessa Countryman voicing their concerns over the agency’s proposed advisory clients custody rule. They join a string of crypto industry figures in expressing their objections.

04.05 / 19:37

Stablecoin Congress Digital Asset hearing services Financial House Financial Services and Agriculture Subcommitees To Hold Digital Assets Hearing

A House Financial Services Committee panel together with a House Agriculture subcommittee plan to unpack digital asset regulation during a hearing next week.

01.05 / 16:49

Provident Digital Williams SEC Action Bitcoin us house committee US House Committee Chair Criticizes SEC on Digital Assets

Patrick McHenry, the Chair of the United States House Financial Services Committee, has criticized the Securities and Exchange Commission (SEC) over its approach to digital assets. During an oversight hearing on April 18, McHenry used his opening statement to accuse the SEC of “punishing” digital asset firms through regulation by enforcement without a clear path to compliance. McHenry reiterated his calls for clear legislation on crypto and pressed SEC Chair Gary Gensler for a definitive answer on whether Ether (ETH) qualified as a security or a commodity.

01.05 / 16:05

Government Law Adoption SEC Congress Us Crypto Regulation hearing What the Gensler hearing means for US crypto regulation and policy

Gary Gensler, the United States Securities Exchange Commission (SEC) chair, recently appeared before the U.S. House of Representatives Financial Services Committee for a hearing regarding his leadership of the regulatory agency.

29.04 / 12:41

Law regulation crypto regulation us house services committee Financial US House Financial Services Committee Says Crypto Bill Coming in "Next Two Months" – Here's What You Need to Know

The US House Financial Services Committee and House Agriculture Committee are set to introduce comprehensive legislation to oversee the cryptocurrency sector in the next two months.

29.04 / 03:31

regulation us government Congress Senate bills Congressman McHenry announces joint hearings to address market structure around digital assets

Patrick McHenry, the Chairman of the House Financial Services Committee, has announced a series of joint hearings in May that will focus on addressing the market structure around digital assets in the U.S.

27.04 / 02:29

regulation Congress banking us house committee Financial US House Financial Committee Republicans look for records to show crypto debanking

Three Republican members of the United States House of Representatives Financial Services Committee have sent letters to the heads of U.S. banking regulatory agencies seeking information on possible coordinated efforts taken against digital asset firms. The letters follow up on ones sent to the same addresses by the lawmakers earlier.

21.04 / 01:33

BTC Target Binance Digital SEC Bitcoin Time Support Bitcoin Price Prediction as BTC Tumbles to $28,000 Support – Time to Buy the Dip?

The BTC/USD has lost nearly 4.50% of its value in 24 hours, trading at $28,200. The leading cryptocurrency experienced a significant drop following a massive sell order on Binance.

20.04 / 13:39

Stablecoin regulation Circle USDC stablecoin regulation lawmakers debate House Lawmakers Rekindle Stablecoin Regulation Debate, Revealing Partisan Rifts

Lawmakers in the US House of Representatives are again looking at regulations on stablecoins under new Republican leadership, but partisan differences and bickering between the two sides may delay the passing of any new law on the topic.

19.04 / 20:27

Law Stablecoin regulation Congress stablecoin regulation Lack of stablecoin regulation could push issuers out of US: Austin Campbell

United States lawmakers discussed the role of stablecoins in a committee hearing, but some experts expressed concern about the country’s regulatory environment.

19.04 / 18:53

Ethereum ETH Ether Sec Chair Ethereum Price Prediction as SEC Chair Gary Gensler Refuses to Say if ETH is a Security – Bullish for Ethereum?

A combination of rising US bond yields, concerns about what hotter-than-expected UK inflation might mean for the US inflation outlook and an aggressive liquidation of long positions has seen the price of Ether (ETH) drop sharply on Wednesday.

18.04 / 16:43

Law Ethereum regulation Congress Sec Chair us house committee US House committee chair repeatedly presses SEC chair: 'Is Ether a commodity or a security?'

Patrick McHenry, chair of the United States House Financial Services Committee, jumped right into criticism of the Securities and Exchange Commission and its leadership over digital assets at an oversight hearing.

18.04 / 14:01

ETF SEC CEO Merit Action Bitcoin SEC's Gensler in congressional hot seat today over climate change and crypto

The House Financial Services Committee will hold a hearing on oversight of the Securities and Exchange Commission this morning. Oversight hearings are normally a snoozefest but this one has the potential for fireworks.

13.04 / 22:09

regulation SEC Financial Services services Financial Financial Services chair McHenry sends SEC 2nd request for records related to SBF arrest

Leadership in the United States House of Representatives Financial Services Committee was not satisfied with Securities and Exchange Commission head Gary Gensler’s response to their request for documents. They have reached out to the SEC chairman again in a sharply worded letter.

29.03 / 10:47

Blockchain CFTC regulation SEC Crypto Policy SEC chief Gary Gensler to face Congress grueling over crypto policy

The United States Securites and Exchange Commission chief Gary Gensler is set to testify before the the House Financial Services Committee for the first time.

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