Congress Financial News

11.05 / 17:39

regulation Congress Silicon Valley GAO GAO cites exposure to digital assets in exploring collapse of Signature Bank

The United States Government Accountability Office, or GAO, has released its preliminary review of the failures of Silicon Valley Bank and Signature Bank — and included exposure to deposits from the cryptocurrency industry.

10.05 / 21:49

regulation Congress legislation lawmakers crypto legislation us house US House Lawmakers on Both Sides Seemingly Agree on Need for Crypto Legislation

Lawmakers on both sides of the aisle seem to be reaching some sort of agreement on the need for legislation to regulate cryptocurrency.

10.05 / 16:05

CFTC regulation SEC Congress hearing us house regulatory Crypto Self-Regulatory Organization Plan Floated in US House Hearing

US lawmakers drifted the idea of regulating cryptocurrency through a self-regulatory organization putting both the Securities and Exchange Commission and the Commodity Futures Trading Commission in charge.

09.05 / 19:49

regulation Kraken Congress House Financial Services House Agriculture hearing Kraken Chief Legal Officer and Former CFTC Chair To Testify at Joint House Congressional Hearing

Top legal officers and a former regulator are slated to testify in front of US congressional committees on Wednesday to unpack digital asset regulation following ongoing tension between the industry and federal agencies.

05.05 / 06:17

business Adoption SEC coinbase us government Congress Coinbase remains '100% committed' to US market: Armstrong

United States-founded cryptocurrency exchange Coinbase has no plans to move its operations out of the U.S., CEO Brian Armstrong told investors in an Q1 earnings call.

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.

03.05 / 17:35

regulation Investments stocks Congress lawmakers US lawmakers Financial US lawmakers introduce bipartisan bill proposing ban on members investing in 'financial instruments'

Lawmakers from both sides of the aisle in the United States House of Representatives have backed a bill prohibiting members of Congress and their spouses and dependents from trading or owning certain financial instruments — which could extend to investments in digital assets.

02.05 / 21:09

regulation SEC Congress Digital Asset advisers US congressmen chide presidential advisers over crypto stances in economic report

United States Congressmen Warren Davidson and Mike Flood have written a letter to the chair of the Council of Economic Advisers (CEA) demanding an explanation for a chapter the agency prepared for the Economic Report of the President that expressed “a hostile view towards the digital asset ecosystem.”

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 / 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 / 20:47

regulation Congress Digital Asset us house US House committees hear similar testimonies in simultaneous hearings on digital assets

The United States House of Representatives was abuzz with talk about crypto on April 27, as both the Financial Services Committee and the Agriculture Committee held hearings with nearly identical titles and covered nearly the same ground with many similar conclusions.

27.04 / 13:57

markets Bitcoin Futures Congress Derivatives Bitcoin Options Bitcoin National Debt Got liquidated with Bitcoin futures? Get 3.5x leverage using this options strategy

Bitcoin (BTC) bulls might be disappointed after the $31,000 resistance proved stronger than expected on April 14. However, looking at a broader time frame, Bitcoin has been the best-performing asset in 2023, gaining over 74% year-to-date at $29,000.

27.04 / 04:11

business Blockchain Stablecoin Adoption us government Congress Circle CEO warns of active and accelerating de-dollarization

The United States must implement stablecoin legislation and digitize the U.S. dollar (USD) to mitigate the “very active de-dollarization taking place” around the world right now, says Jeremy Allaire, the chief executive of stablecoin issuer Circle.

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.

26.04 / 21:35

Government Law privacy us government Congress Senate 2024 Elizabeth Warren wants the police at your door in 2024

In 2022, Massachusetts Senator Elizabeth Warren authored a bill that would require cryptocurrency wallet providers to comply with bank Anti-Money Laundering rules. No crypto exchanges, mind you, but the wallets themselves. Kansas Senator Roger Marshall joined her on the proposal as a co-sponsor.

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.

18.04 / 21:39

Stablecoin CFTC regulation SEC Congress us house services committee Financial Speakers prepare to tell US House Financial Services Committee about stablecoins

The United States House of Representatives Committee on Financial Services will hold a hearing on stablecoin regulation on April 19. The hearing follows the announcement of a new draft bill in the House to provide a framework for stablecoins regulation. Some of the speakers invited have released advance transcripts of their planned testimony.

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.

17.04 / 19:41

Stablecoin regulation SEC security Congress All eyes are on stablecoins: Law Decoded, April 10–17

Last week came in preparation for April 19, when the United States House Financial Services Committee will hold a hearing on stablecoins. The hearing will include information collected by various federal government agencies over the last year. Among the participants are Jake Chervinsky, the chief political officer at the Blockchain Association, and Dante Disparte, the chief strategy officer of Circle.

17.04 / 03:41

business regulation SEC Congress Bitcoin Rep. Davidson to introduce legislation to fire SEC boss Gensler for crypto overreach

Securities and Exchange Commission (SEC) chair Gary Gensler could be facing unemployment after United States Representative Warren Davidson declared he would introduce legislation to fire the SEC boss.

12.04 / 05:27

Stablecoin regulation Congress US needs to regulate stablecoins to keep a strong dollar: Stellar CEO

United States financial regulators are tightening their grip on the crypto industry and the U.S. dollar has also been under pressure with countries distancing themselves from dollar hegemony, but the chief of Stellar says stablecoin regulation may solve that.

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