The Republican chair of the House Financial Services Committee has released a new draft of the leading U.S. legislative proposal for overseeing stablecoins, and it includes some of the positions of Democratic lawmakers.
U.S. House Republicans Push for Crypto Oversight With Bill to Make SEC Play Ball
Crypto exchanges would gain a path to registering with the U.S. Securities and Exchange Commission (SEC) and would be able to trade digital securities, commodities and stablecoins all in one place under a proposal from the Republican chairs of the two House of Representatives committees trying to hash out a bill.
A House Bill Would Make It Harder for the SEC to Argue Crypto Tokens Are Securities
The five-page, bipartisan Securities Clarity Act by Representatives Tom Emmer and Darren Soto would significantly reduce uncertainty for both crypto investors and issuers, write Bain Capital Crypto’s Tuongvy Le and Khurram Dara.
U.S. Hearing Highlights Stablecoin Rift in Competing House Bills
U.S. lawmakers aren’t yet able to reach across the chasm between Republicans and Democrats’ very different ideas for how to oversee stablecoins, despite notes of hope from both sides evident in a Thursday hearing of the House Financial Services Committee’s digital assets panel.
House Democrats Consider New Stablecoin Bill Proposal: Source
House Democrats on the Financial Services Committee are considering a new version of proposed stablecoin bill weeks after Republicans on the committee introduced their own discussion draft.
Previewing Congress’s Joint Crypto Regulation Hearing
Over the past several weeks, Congress – particularly the House Financial Services Committee – has held a number of hearings on crypto and its role in the world. Even a hearing supposedly focused on overseeing the U.S. Securities and Exchange Commission instead mostly saw questions on crypto and climate issues. Tomorrow, we’ll see another hearing, held with the House Agriculture Committee, specifically discussing crypto regulation.
Why the Politics of Crypto Feels Different This Time
Last week’s testimony by SEC Chair Gary Gensler before the House Financial Services Committee showed that the political divide towards crypto has never been clearer. Noelle Acheson dives into why this matters now.
Europe ‘Ahead of the Game’ in Web3 After MiCA Law, U.S. House Finance Chair Says
Patrick McHenry is seeking to push his own stablecoin bill through Congress but faces Democrat skepticism
House Republicans Make Case on Stablecoin Bill After Democrats Called for Do-Over
Republicans on the House Financial Services Committee are taking another swing at stablecoin legislation with a discussion draft revealed Monday afternoon, which may mark a new starting point for negotiations with Democrats.
Democrats Blast Draft Stablecoin Bill in First 2023 Hearing on Issue
Despite Republican House committee leaders publishing a draft bill and talking about progress, it hasn’t been on the bipartisan level required for an eventual law, lawmakers said in a hearing Wednesday.
SEC Chair Gensler Declines to Say if Ether Is a Security in Contentious Congressional Hearing
Securities and Exchange Commission Chair Gary Gensler refused to say whether ether, the second-largest cryptocurrency by market cap, was a security during a nearly five-hour hearing Tuesday.
What’s in the House Financial Services Committee’s Stablecoin Bill?
The House Financial Services Committee has finally unveiled its stablecoin legislation, proposing a framework for stablecoin issuers such as Circle and Tether to define how their offerings can be regulated by state and federal entities, while calling for a temporary ban on algorithmic stablecoins.
Congressional Republicans Criticize SEC Chair Gary Gensler’s Crypto Approach Ahead of Hearing
Republicans on the House Financial Services Committee sent a letter criticizing Securities and Exchange Commission Chair Gary Gensler and his repeated entreaties to crypto companies to “come in and register” moments before a congressional hearing on his agency.
SEC Lays Its Cards on the Table With Assertion That DeFi Falls Under Securities Rules
The U.S. Securities and Exchange Commission’s (SEC) warning shot last week that decentralized finance (DeFi) could be thrown into its expanding definition of what makes a securities exchange is the latest move to formalize what Chairman Gary Gensler has been saying: Crypto belongs in the securities world and will be regulated that way.
House Digital Assets Panel Chair Ready to Work With Ag Committee on Crypto Framework
Representative French Hill (R-Ark.) is the chairman of the newly-formed Financial Services Subcommittee on Digital Assets.
State of Crypto: Congress Is Holding 3 Hearings Today, Here’s What to Expect
Congress is holding three simultaneous hearings around cryptocurrencies today – and they’re all on different types of use cases.
Robinhood CEO May Testify Before US House Committee Over GameStop Allegations
Vlad Tenev will likely appear before a U.S. virtual hearing as lawmakers investigate the firm’s recent trading restrictions, a Politico report says.
US Congress Plans Hearings on GameStop Market Pumps
While Congress is planning multiple hearings, it’s less clear what financial regulators might do.
US House Financial Services Chair Waters Recommends Joe Biden Rescind OCC Crypto Guidance
House Financial Services Chair Maxine Waters told President-elect Joe Biden to undo the OCC’s crypto guidance after he takes office next year.
Infosec Exec Urges US Lawmakers to Tighten Crypto Regs Over Pandemic-Driven Scams
Cryptocurrencies should be regulated more stringently, a VMWare security executive told U.S. lawmakers, citing a rise in cybercrime during the pandemic.