Congress Financial News
04.01 / 08:13
regulation
Congress
Senate
policies
100 crypto lobbyists prepare for the fight of their lives as Congress resumes
Cryptocurrencies will be a hot topic as the United States Congress resumes and the battle lines are drawn between lawmakers for and against the fledgling financial industry.
02.01 / 23:21
Law
stocks
Congress
lawmakers
US lawmakers
US lawmakers could consider stock trading ban in next session of Congress
Many United States lawmakers from both sides of the aisle have at one point expressed support for legislation banning members from investing in stocks or crypto — an initiative the 118th Congress could address following a shift in leadership.
31.12 / 21:01
regulation
FTX
Congress
lawmakers
US lawmakers
US lawmakers under pressure following FTX collapse: Report
Legislators in the United States seem to be reevaluating the crypto industry and its regulatory needs in light of FTX's collapse. According to the Wall Street Journal, since the crypto exchange filed for bankruptcy in November, lawmakers have been under pressure to set a new regulatory framework for cryptocurrencies.
21.12 / 00:29
Law
SEC
Congress
4 legislative predictions for crypto in 2023
If you saw the returns in my crypto portfolio this year, you would take a pass on my predictions for the direction of the cryptocurrency market. So, I will stick to what I know and share some regulatory predictions for the crypto industry.
20.12 / 23:17
markets
Ethereum
VISA
Congress
Ethereum bounces above $1.2K, but derivatives metrics show traders fear a collapse
Ether (ETH) gained 5.6% on Dec. 20 after testing the $1,150 support the previous day. Still, a bearish trend prevails, forming a three-week-long descending channel, a price action attributed to expectations of further U.S. Federal Reserve interest rate hikes.
20.12 / 00:55
Law
regulation
Congress
committee
Next House committee chair reintroduces bill on crypto innovation
North Carolina Representative Patrick McHenry, the current ranking member of the House Financial Services Committee and chair starting in January, has reintroduced legislation aimed at creating innovation offices within government agencies dealing with financial services.
20.12 / 00:55
Government
Law
Congress
regulatory
Crypto’s regulatory fate will be decided in the year ahead
It would be ideal for the industry for Congress to weigh in on its fate rather than leaving it to unelected regulators at the Securities and Exchange Commission (SEC). To that end, representatives from both sides of the aisle have introduced bills designed to offer “regulatory clarity.” The moderate position seems to favor placing crypto mostly under the jurisdiction of the Commodity Futures Trading Commission (CFTC).
17.12 / 22:43
regulation
SEC
FTX
Congress
SEC was “asleep at the wheel” about FTX - US Rep. Sessions
The Securities and Exchange Commission (SEC) was "asleep at the wheel" regarding how FTX Group and its subsidiaries met financial and corporate control requirements, Representative Pete Sessions said in the Saturday Report on December 17.
17.12 / 00:05
Law
regulation
Congress
financial stability
Financial
US Financial Stability Oversight Council urges congressional action on crypto
Officials with the United States Financial Stability Oversight Council, or FSOC, have recommended U.S. lawmakers pass legislation aimed at addressing regulatory gaps for crypto-related activities.
15.12 / 00:03
Law
regulation
Congress
hearing
Senate FTX hearing: calls for regulation and crypto criticisms aplenty
United States lawmakers with the Senate Banking Committee had their share of crypto proponents and skeptics in a hearing exploring the collapse of the FTX exchange.
14.12 / 12:29
Adoption
Congress
Senate
Senators
Crypto blame game back on US Senators' menu following SBF arrest
The arrest of the former FTX CEO Sam Bankman-Fried (SBF) by the Bahamian authorities served as a cue for anti-crypto proponents to reignite discussions around the dangers of cryptocurrencies. While some political leaders blame the crypto ecosystem for SBF’s frauds, others find no point in blaming an entire industry for one man’s action.
13.12 / 20:51
regulation
FTX
Congress
lawmakers
hearing
US lawmakers
FTX hearing: US lawmakers criticize use of Quickbooks, creepy dough, and 'conscientious stupidity'
Though Sam Bankman-Fried could not attend the congressional hearing virtually due to his recent arrest in the Bahamas, United States lawmakers held no punches criticizing the former FTX CEO and business practices at the firm.
13.12 / 14:57
regulation
Congress
Bankruptcy
SBF planned to blame everyone but himself, shows leaked Congress testimony
Former FTX CEO Sam Bankman-Fried, also known as SBF, was arrested on Dec 12, a day before he was set to testify before Congress remotely. A copy of his testimony, obtained by Forbes, highlights that the disgraced CEO planned to blame the spectral downfall of his $32 billion empire on everyone but himself.
13.12 / 09:15
business
Fraud
FTX
Congress
Hours before his arrest, SBF denied being part of ‘Wirefraud’ chat group
Merely hours before news of his arrest by Bahamian police, Sam Bankman-Fried took to Twitter denying his involvement or knowledge of a secret group chat named “Wirefraud” — which allegedly involved former FTX and Alameda ranking executives.
13.12 / 01:31
regulation
FTX
Congress
Bankruptcy
FTX was an 'utter failure of corporate controls at every level of an organization', says CEO
John Ray, who took over as CEO of crypto exchange FTX amid bankruptcy proceedings, has written detailed testimony in preparation for his appearance before the United States House Financial Services Committee.
12.12 / 23:47
12.12 / 19:47
business
Blockchain
defi
Congress
Fried
Sam
us house
services
committee
Financial
Sam Bankman-Fried says he will testify before the US House Financial Services Committee remotely
Continuing his so-called apology tour, Sam Bankman-Fried appeared on a Twitter Spaces chat with Unusual Whales and told nearly 60,000 listeners that he intends to testify at the United States House of Representatives Financial Services Committee remotely on Dec. 13. He was previously confirmed to appear in person.
12.12 / 09:13
Blockchain
SEC
Congress
regulatory
US senator calls on SEC's Gensler to answer for 'regulatory failures'
Minnesota Senator Tom Emmer has slammed United States Securities Exchange Commission (SEC) Chairman Gary Gensler for his flawed “crypto information-gathering efforts” and insisted Gensler should appear before Congress to explain the cost of his “regulatory failures.”
12.12 / 06:07
10.12 / 01:07
Law
regulation
FTX
Congress
Who’s expected to testify before Congressional hearings on FTX?
United States lawmakers have been pushing for certain witnesses — including Sam Bankman-Fried — to appear before committee hearings scheduled in December. Who should the crypto space expect to see testifying on the events leading to the downfall of FTX?
09.12 / 16:55
business
Congress
Senate
investigation
hearing
SBF 'willing' to testify at Senate hearing on the FTX collapse
Former FTX CEO Sam Bankman-Fried has indicated that he’s willing to testify at a United States Senate hearing into the collapse of cryptocurrency exchange FTX.
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