Patrick Machenry News

24.03 / 21:55

Waters CEO Landmark Strategy Remark SVB AIM boost lawmakers Key lawmakers say upcoming hearings on bank failures aim to boost U.S. confidence in banking sector

WASHINGTON — A bipartisan group of lawmakers overseeing the recent turmoil in the banking sector said Wednesday that they aim to increase Americans' confidence in the banking industry after Silicon Valley Bank and Signature Bank collapsed over the last two weeks.

18.03 / 01:53

regulation Banks Congress Silicon Valley Signature Bank hearing Congress announces March 29 hearing into failures of SVB and Signature Bank

Representatives from the Federal Deposit Insurance Corporation and Federal Reserve will be testifying before the United States House Financial Services Commission in a newly announced hearing investigating the collapse of two major banks.

09.03 / 22:05

regulation Congress House Republicans House Republicans directly criticize Biden administration for digital asset policies

Statements from Republican lawmakers ahead of the inaugural hearing of the United States House of Representatives subcommittee focused on digital assets, financial technology and inclusion suggest partisan divides on crypto regulation.

07.03 / 20:39

Government Law regulation Congress lawmakers US lawmakers US lawmakers planning to reintroduce bill aimed at fixing crypto reporting requirements: Report

A group of United States lawmakers is reportedly planning to reintroduce legislation to change the reporting requirements for certain taxpayers involved in crypto transactions.

03.03 / 15:57

FIVE Digital SEC accounting lawmakers safe U.S. lawmakers argue SEC accounting policy undermines safe crypto custody

Two Republican lawmakers who have been central to the United States Congress’ continuing efforts to regulate cryptocurrency are questioning policies governing how financial firms handle crypto accounting in the country.

03.03 / 09:35

business regulation SEC coinbase Banks banking Digital Asset accounting lawmakers Customers U.S. lawmakers argue SEC accounting policy places crypto customers at risk

Two United States lawmakers have criticized crypto accounting guidelines outlined by the securities regulator, arguing it places crypto customers at greater risk of loss.

23.02 / 00:49

Law regulation Congress US regulators Rep. Maxine Waters says all US regulators 'better get together on crypto'

California Representative Maxine Waters, ranking member of the United States House Financial Services Committee, has called for coordination and cooperation between government agencies and lawmakers to address crypto regulation.

10.02 / 22:51

regulation SEC Congress Sec Chair lawmakers Fried Sam US lawmakers US lawmakers question SEC chair on timing of Sam Bankman-Fried's arrest

Two members of the United States House Financial Services Committee are calling on Securities and Exchange Commission chair Gary Gensler “regarding the timing of the charges filed against FTX founder Sam Bankman-Fried” based on his scheduled appearance at a hearing.

02.02 / 18:33

Law regulation Congress committee Senate Banking Committee's priorities for new Congress include crypto: Report

South Carolina Senator Tim Scott, the Republican ranking member on the United States Senate Banking Committee, reportedly plans to develop “a bipartisan regulatory framework" for cryptocurrencies.

15.01 / 18:41

Blockchain Digital Action House Republicans House Republicans to Set New Subcommittee on Crypto, Will Have Key Role in Developing Bills

The House Republicans have announced the formation of a new subcommittee dedicated to cryptocurrencies and blockchain technology. This subcommittee will have a key role in developing legislation and regulations that will govern the use of these technologies.

04.01 / 15:23

Dash Ripple XRP CEO XRP Price Prediction as Ripple CEO Says He's 'Optimistic' for 2023 – Here's What it Means for XRP

XRP price beams with optimism mid-through this week's trading. The cross-border money transfer token has sustained a bullish outlook following the most recent dip under $0.30. XRP must hold above its immediate support at $0.35 to affirm a bullish grip on the northbound trend.

20.12 / 23:17

business Binance Chamber of Digital Commerce Binance joins lobbying group as criticism of the exchange ramps up

Binance has joined the Chamber of Digital Commerce, a United States crypto industry lobbying group, according to a Dec. 20 press release from the exchange. The move comes after Binance has been criticized for allegedly being unregulated.

16.12 / 09:07

Government Blockchain Bitcoin services committee Financial New House Financial Services Committee chair wants to delay crypto tax changes

The incoming United States House Financial Services Committee chair Patrick McHenry wants the Treasury to delay the implementation of a section of the Infrastructure Investment and Jobs Act that deals with digital assets and tax collection.

06.12 / 01:49

regulation FTX Congress us house committee US House committee chair pushes back against SBF's excuse to potentially delay testimony

Maxine Waters, chair of the United States House Financial Services Committee, has called out former FTX CEO Sam Bankman-Fried for announcing on social media he intended to testify after “learning and reviewing what happened” at the exchange.

04.12 / 12:11

business Fraud Donations Media Elections elon Elon Musk alleges SBF donated over $1B to Democrats: "Where did it go?"

The attempts of mainstream media to water down the frauds committed by FTX CEO Sam Bankman-Fried (SBF) did not fare well in convincing the crypto community and entrepreneurs. Instead, the misinformation campaign collided with Tesla CEO Elon Musk’s drive to position Twitter as "the most accurate source of information."

03.12 / 00:05

regulation FTX Congress Dems and Reps join forces to pressure SBF to testify before Congress

The leadership with the United States House Financial Services Committee have separately called on former FTX CEO Sam Bankman-Fried to appear in an investigative hearing scheduled for Dec. 13.

17.11 / 13:03

Binance regulation FTX hearing us house committee US House Committee to Hold Hearing on FTX Collapse – Regulation Incoming?

The US House Financial Services Committee plans to investigate the collapse of FTX and hold a hearing on the matter next month.

16.11 / 21:55

Ethereum ETH Ethereum 2.0 Ether PUMP Ethereum Price Prediction as Bulls Target 30% Move – Pump Incoming?

The Ethereum price is currently in the red, along with the wider crypto markets, as the market continues to deal with the knock-on effects of the FTX collapse. However, recent price action suggests that bulls are looking for a 30% move to the upside.

16.11 / 19:47

regulation Congress investigation lawmaker hearing FTX collapse was a ‘dumpster fire,’ says US lawmaker announcing investigative hearing

Members of the United States House Financial Services Committee have scheduled a December hearing aimed at exploring the collapse of crypto exchange FTX and “broader consequences for the digital asset ecosystem.”

16.11 / 18:43

Binance Platform hearing committee House Committee to Hold Hearing on FTX Collapse

The ranking members of the House Financial Services Committee, Rep. Maxine Waters (D., Calif.), and Rep. Patrick McHenry (R., N.C.), said Wednesday they would hold a hearing in December to investigate the collapse of cryptocurrency exchange FTX.

18.10 / 23:00

UPS Progressive lawmakers U.S. Commissioner pushes lawmakers to speed up with crypto regulations

While the European Union moves swiftly through the legislative stages with the Markets in Crypto-Assets (MiCA) framework, a groundbreaking framework for cryptocurrencies, its financial services chief implores its American counterparts to keep up to ensure that the upcoming regulations will be global, not local.

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