4 / 13 Relevant items tagged with #Congress

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Public blockchains too ‘fragile’ for tokenization: Professor tells Congress

[Jun 5, 2024 5:57 PM] Allen argued that public blockchains “can’t process large volumes of transactions” — though on-chain data suggests otherwise.

FIT21 bill a ‘watershed moment’ for crypto despite CFTC-SEC friction

[Jun 3, 2024 7:15 AM] FIT21 is the first bipartisan legislation of its kind to pass in either chamber of Congress, but is its dual-agency model workable?

Flood of Cash from Coinbase Gives Crypto One of the Biggest Campaign War Chests

[Jun 3, 2024 3:30 AM] The crypto industry has – with the addition of another $25 million from Coinbase Inc. on Monday – amassed one of the largest stockpiles of campaign cash in U.S. politics.

Wall Street Asks Biden Not to Veto Congress' Rejection of SEC Crypto Policy

[May 31, 2024 3:26 PM] In a rare lobbying overlap with crypto world, Wall Street banks and members of Congress are asking President Joe Biden to reverse course on his vow to veto the U.S. congressional resolution to overturn the U.S. Securities and Exchange Commission's…

McHenry urges Senate to pass FIT21 crypto bill before election

[May 30, 2024 11:58 PM] The United States House’s widely positive vote on the crypto-regulating FIT21 bill should be “a wake-up call” to the Senate to quickly pass it, says Rep. Patrick McHenry.

U.S. Lawmaker at Center of Crypto Negotiation Predicts Digital Assets Law by Next Year

[May 29, 2024 4:55 PM] Rep. Patrick McHenry (R-N.C.) vowed the crypto industry won't have long to wait to get U.S. regulations, now that the U.S. House of Representatives has shown the way.

Coinbase Seeks Immediate Appellate Review in SEC Lawsuit, Citing Recent Legislation

[May 25, 2024 8:34 AM] As Coinbase seeks an interlocutory appeal in its legal dispute with the U.S. Securities and Exchange Commission (SEC), recent legislative developments have highlighted a growing discord between U.S. Congress and the SEC over digital asset…

Resolution overturning SEC crypto rule is on Biden’s desk — Now what?

[May 23, 2024 4:17 PM] President Joe Biden has ten days, excluding Sundays, to decide whether he wants to follow through on his threat to veto H.J.Res.109.

US Congress Building Pro-Crypto Army, Lawmaker Says

[May 23, 2024 3:50 PM] Crypto is gaining momentum among U.S. lawmakers. Senator Cynthia Lummis stated: “We are building a pro-crypto army in Congress.” This declaration came shortly after the House of Representatives passed the landmark Financial Innovation and…

Is the House’s FIT21 Bill Really the Legislation That Crypto Needs?

[May 23, 2024 1:48 PM] While many in the industry cheered the passing of the Financial Innovation and Technology for the 21st Century Act yesterday, many other raised criticisms and concerns.

U.S. House Passes Bill Banning Federal Reserve From Issuing a CBDC

[May 23, 2024 12:37 PM]

US House approves FIT21 crypto bill with bipartisan support

[May 22, 2024 3:50 PM] Democratic and Republican lawmakers in the U.S. House of Representatives voted to pass the Financial Innovation and Technology for the 21st Century Act.

The Financial Innovation and Technology for the 21st Century Act Is a Watershed Moment for Our Industry

[May 22, 2024 3:45 PM]

U.S. House Approves Crypto FIT21 Bill With Wave of Democratic Support

[May 22, 2024 3:42 PM] The crypto industry recorded its biggest-ever U.S. policy win on Wednesday when the House of Representatives approved a wide-reaching bill to establish regulations for digital assets markets, recording a 279-136 vote that saw Democrats crossing…

US lawmakers demand SEC-FINRA records on Prometheum ETH custody

[May 22, 2024 3:07 PM] Prometheum’s willingness to play along with the SEC’s ambitions for crypto regulation has stirred disapproval in many quarters.

White House and SEC chair oppose FIT21 bill ahead of House vote

[May 22, 2024 9:06 AM] The House of Representatives is set to vote on H.R. 4763, but U.S. President Joe Biden and SEC Chair Gary Gensler oppose the crypto-focused legislation.

US lawmaker addresses House before FIT21 vote: Bill ‘will stop another FTX’

[May 21, 2024 12:51 PM] Representative Wiley Nickel called on Democrats and Republicans to support the bill to stop the SEC from “turning cryptocurrency regulation into a political football.”

Does the SAB 121 Vote Mean Anything for Future Crypto Legislation?

[May 17, 2024 1:17 PM]

Senate Urged to Swiftly Overturn SEC’s ‘Misguided’ Crypto Rules

[May 10, 2024 5:16 PM] Following the U.S. House of Representatives passing a resolution to overturn the SEC’s Staff Accounting Bulletin 121 (SAB 121), Senator Cynthia Lummis has urged the Senate to do the same. The resolution aims to prevent regulatory overreach that…

House Votes to Erase SEC Crypto Policy While President Biden Vows Veto

[May 8, 2024 2:17 PM] The U.S. House of Representatives is poised to vote on a resolution Wednesday to reject the Securities and Exchange Commission (SEC) cryptocurrency accounting guidance that the industry said has deterred banks from handling crypto customers, but…

CFTC Commissioner wants to create AI Fraud Task Force

[May 3, 2024 10:38 AM] Commissioner Kristin Johnson’s remarks came just a day after the CFTC appointed its first chief AI officer.

US Lawmaker Slams SEC’s Investigation of Ethereum — Says Chair Gensler Intentionally Misled Congress

[Apr 30, 2024 5:16 PM] U.S. House Financial Services Committee Chairman Patrick McHenry has slammed both the U.S. Securities and Exchange Commission (SEC) and Chair Gary Gensler regarding the SEC’s investigation into ethereum, suggesting that ether might be…

House's McHenry Accuses SEC Chief Gensler of Misleading Congress on Ethereum

[Apr 30, 2024 3:40 PM] U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler has been accused of misleading Congress by Rep. Patrick McHenry, the chairman of the House Financial Services Committee, who said Gensler's agency already knew it considered…

Stablecoin Bill Unlikely to Get Pinned to FAA Reauthorization, Putting Effort On Hold Again

[Apr 30, 2024 1:49 PM] Advocates for long-awaited U.S. stablecoin legislation tried to tie it onto an unrelated must-move reauthorization bill, but leaders in the Senate and House of Representatives are seeking to keep that effort clear of such attachments, according to…

House committee ranking member says a stablecoin bill could be coming soon

[Apr 25, 2024 10:19 AM] House Financial Services Committee Ranking Member Maxine Waters said a stablecoin bill “in the short run” was coming amid negotiations with Republican lawmakers and the Senate.

Stablecoin Bill Could Be Ready for the U.S. House Soon Says Top Democrat Maxine Waters: Bloomberg

[Apr 25, 2024 1:31 AM] U.S. House Representative Maxine Waters (D-California), the top Democrat on the House Financial Services Committee, told Bloomberg Wednesday "We are on our way to getting a stablecoin bill in the short run.”

What’s at Stake for Crypto in India As the World’s Largest Democracy Is in the Midst of Its National Election?

[Apr 24, 2024 1:51 AM] India’s general election in 2024 is not expected to immediately affect crypto policy, and its current – restrictive – rules are expected to continue on through the upcoming Parliamentary term.

Crypto PAC Spent Millions to Get Alabama Candidate on Path Toward Congress

[Apr 17, 2024 10:21 AM] Shomari Figures, a Washington insider with a lengthy progressive resume, didn't pull in the most money in direct contributions as he sought one of Alabama's seats in the U.S. House of Representatives. Still, the crypto-friendly candidate dominated…

Crypto-Skeptic Sen. Sherrod Brown Is Open to Advancing Stablecoin Legislation, Bloomberg Reports

[Apr 16, 2024 2:32 PM]

Lawmaker Highlights 2 Bills to Make US a Crypto Leader — Says Bitcoin Is ‘Unstoppable’

[Apr 10, 2024 5:25 PM] Congressman Patrick McHenry says bitcoin is unstoppable and every regime that’s tried to shut it down has failed. He emphasized that the U.S. must become a leader in digital assets, noting that two congressional bills offer a path toward…