U.S. Lawmakers Urge Treasury to Revise Proposed Crypto Tax Rules
[Nov 16, 2023 12:56 AM] A letter by a bipartisan group of U.S. lawmakers has urged the U.S. Treasury to revise its proposed digital-assets taxation regime.
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Lesser-known Johnson Wins Speaker Job as Crypto-focused Lawmakers Return to Old Roles
[Oct 25, 2023 4:47 PM] After several failed attempts, Republicans in the U.S. House of Representatives dug deep into their roster to elevate a less prominent and less controversial lawmaker, Rep. Mike Johnson (R-La.), as the new Speaker of the House.
Crypto-friendly Rep. Tom Emmer pursues nomination for House speaker
[Oct 21, 2023 12:07 AM] Tom Emmer has been "making calls" to secure a nomination for the Speaker role, and it could be a boon for the crypto sector if he were to be voted in.
Crypto-friendly Patrick McHenry takes interim House Speaker position
[Oct 3, 2023 9:25 PM] Eight Republicans voted against Republican Representative McCarthy, making it the first time in U.S. history that the House Speaker has been ousted by Congress.
Crypto-Friendly Congressman McHenry Temporarily Takes Over U.S. House
[Oct 3, 2023 5:03 PM] Crypto-friendly Rep. Patrick McHenry (R-N.C.) has landed in the driver’s seat of the U.S. House of Representatives just as legislation to establish digital-asset regulations nears a finish line there.
5 lowlights of Gary Gensler's evasive testimony before Congress
[Sep 27, 2023 11:26 PM] The United States Securities and Exchange Commission chief was asked whether the purchase of Pokemon trading cards is a security transaction and whether Bitcoin is a commodity.
Biden’s Regulators Urged to Work With Congress on Crypto Regulation
US Congress Members Clash on the Potential Effect of Proposed Tax Rules on the Crypto Industry
[Aug 29, 2023 4:30 PM] Members of the U.S. Congress have expressed concerns about the possible problems that implementing the newly proposed crypto tax reporting requirements could create in the entire industry. Patrick McHenry, Cynthia Lummis, and others reacted…
Republican Lawmakers Demand Gensler Tell Them How Prometheum Got SEC Approval
[Aug 15, 2023 1:06 PM] Republicans on the U.S. congressional committee that oversees the Securities and Exchange Commission (SEC) are demanding agency Chair Gary Gensler explain how Prometheum Inc. won its unique approval as a broker-dealer for crypto.
Former US OCC Officials: ‘Stablecoins Can Keep the Dollar the World’s Reserve Currency’
[Aug 11, 2023 11:30 PM] Brian Brooks and Charles Calomiris, former officials at the U.S. Office of the Comptroller of the Currency (OCC), have stated stablecoins can be tools that might help the U.S. dollar maintain its status as a reserve currency. In a recent article…
US Representative Patrick McHenry: Stablecoins ‘Hold Promise as a Pillar of Our 21st-Century Payments System’
[Aug 8, 2023 5:30 AM] Representative Patrick McHenry, chairman of the House Financial Services Committee, weighed in positively on the launch of PYUSD, a dollar-pegged stablecoin issued by Paypal, a U.S.-based payments company. McHenry stated that if properly regulated…
US House Financial Services Committee Passes Stablecoin Legislation ‘After a Few Fireworks’
[Jul 28, 2023 8:00 AM] The U.S. House Financial Services Committee has passed Chairman Patrick McHenry’s Clarity for Payment Stablecoins Act with bipartisan support. McHenry said committee members, unlike the White House, understood the urgency and importance of…
US Lawmakers Call on Congress to Pass Crypto Law Following SEC v Ripple Ruling on XRP
House Financial Services Republicans Blast SEC’s Proposed Rule, State Gensler Is Pushing ‘His Own Personal Views Regarding Digital Assets’
[Jun 15, 2023 3:30 PM] Republicans of the House Financial Services Committee have criticized U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler, stating he is using Rule 3b-16 amendments to impose his views on cryptocurrency assets. In a letter sent to the…
Republican Congressman Seeks to Oust SEC Chair Gensler With SEC Stabilization Act
[Jun 12, 2023 8:30 PM] Warren Davidson, the Republican congressman who first introduced the legislation in mid-April, has filed the SEC Stabilization Act to remove Gary Gensler, the current chair of the U.S. Securities and Exchange Commission (SEC). Davidson insists the…
Fear of blockchain will have 'disastrous consequences' — Ava Labs CEO testimony
[Jun 12, 2023 8:00 PM] Gün Sirer says the U.S. “won the first wave of the internet revolution” because it enabled responsible innovation. Now, it must do the same with blockchain.
The Need for Clarity in Washington – Not Just on Crypto
[May 5, 2023 10:31 AM] The recent ambiguous messaging from the Federal Open Market Committee's meeting, which left markets struggling to interpret signals from the FOMC statement and Chair Jerome Powell's comments, is typical of the abstruse signals that can be found in…
Congressman McHenry announces joint hearings to address market structure around digital assets
[Apr 28, 2023 8:05 PM] Patrick McHenry suggested that the hearings will look to add to the regulatory efforts being done on the bipartisan bill led by Senator Cynthia Lummis and Senator Kirsten Gillibrand.
U.S. House Will Have Crypto Bill in 2 Months: McHenry
[Apr 28, 2023 4:32 PM] AUSTIN, Texas – The U.S. House Financial Services Committee and House Agriculture Committee will put together legislation to oversee the crypto sector in the "next two months" after holding joint public hearings starting May, said Patrick McHenry…
Why the Politics of Crypto Feels Different This Time
[Apr 26, 2023 9:04 AM] 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
[Apr 25, 2023 9:00 AM] Patrick McHenry is seeking to push his own stablecoin bill through Congress but faces Democrat skepticism
Ether’s Security Status Remains Unclear as SEC Chair Gensler Fails to Answer Lawmaker’s Question
[Apr 19, 2023 7:30 PM] The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, would not answer a direct question in a congressional hearing about whether ether is a security. While the SEC chair insisted that the law is clear on crypto…
U.S. lawmakers argue SEC accounting policy places crypto customers at risk
[Mar 2, 2023 11:56 PM] While the bulletin was intended to provide clarity regarding the accounting treatment for digital assets, it has been criticized by both lawmakers and regulators.
House Republicans Demand Answers From SEC Over FTX Co-Founder’s Arrest
[Feb 12, 2023 11:00 AM] On Feb. 10, 2023, Republicans Patrick McHenry of North Carolina and Bill Huizenga of Michigan, both members of the U.S. House of Representatives, sent a letter to Securities and Exchange Commission (SEC) chairman Gary Gensler seeking answers about…
New House Financial Services Committee chair wants to delay crypto tax changes
[Dec 15, 2022 11:47 PM] U.S. Republican Representative Patrick McHenry called for clarification on a “poorly” written digital asset tax provision in a letter to the Treasury.
FTX Execs Gave $70 Million to Both Democrats and Republicans Heading Into the 2022 US Midterms
[Nov 18, 2022 3:30 PM] After the collapse of FTX, a number of journalists reported on the fact that FTX executives deployed significant donations to political leaders in the United States. During the most recent election cycle leading up to the U.S. midterms in 2022…