2023-7-27 13:39 |
New bill aimed at setting clearer regulations for ever-growing cryptocurrency industry has gained approval from US House Financial Services Committee origin »
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Lawmakers in the United States have advanced a bill opposing the creation of a central bank digital currency. On April 2, the US House Financial Services Committee passed the CBDC Anti-Surveillance State Act (H.R. 1919) in a 27-22 vote. The…
2025-4-4 09:55 | |
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FTX’s implosion has set off a Congressional hearing to unravel the circumstances that led to the collapse of the exchange but a rival is expected to give an account of its role in the fiasco. The Financial Services Committee of the U.
2022-11-21 22:49 | |
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Sam Bankman-Fried and several other executives will be asked to testify at an upcoming House Financial Services Committee hearing on the collapse of the FTX cryptocurrency exchange. The exchange’s implosion has contributed to its native FTX token dumping by more than 90% in the past two weeks.
2022-11-16 20:32 | |
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The United States House Committee on Financial Services plans to hold a hearing into FTX collapse in December. The post US financial committee to hold hearing on FTX collapse in December appeared first on CryptoSlate.
2022-11-17 19:16 | |
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“There is no sugarcoating it: the FTX collapse has been a dumpster fire,” said House Financial Services Committee ranking member Patrick McHenry.
2022-11-17 19:00 | |
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The House Financial Services Committee will hold a hearing on FTX's collapse next month.
2022-11-16 18:06 | |
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The ranking member of the House Financial Services Committee praised the bipartisanship behind the coming bill, but says there are “complex conversations” ahead.
2022-10-14 00:00 | |
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A group of Republican lawmakers on the House Financial Services Committee have asked U.S. Attorney General Merrick Garland to share the Justice Department's assessment on whether the Federal Reserve has the necessary authority to issue a central bank digital currency (CBDC).
2022-10-6 19:36 | |
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Representative Patrick McHenry said regulatory clarity for digital assets would be one of his "top priorities" if he became the next chair of the House Financial Services Committee.
2022-9-30 22:15 | |
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The House of Representatives Financial Services Committee has proposed a bill that would put a two-year ban on algorithmic stablecoins such as TerraUSD Classic (USTC), which collapsed dramatically — making the entire ordeal one of the single-biggest capital destructive events in the history of crypto.
2022-9-22 17:40 | |
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Rep. Patrick McHenry and others from the House Financial Services Committee sent a letter demanding clarity from Fed Vice Chair Lael Brainard on the topic.
2022-9-8 18:29 | |
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One of Congress’ most serious efforts toward stablecoin oversight may have hit an insurmountable snag as negotiations in the House Financial Services Committee drag out further than the calendar is likely to allow.
2022-9-3 21:38 | |
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The desire to harness the potential of diversity and inclusion has remained a top priority and a critical strategic agenda for many organisations around the world. The same goes for the Committee on Financial Services in the United States House of Representatives, which has diversity and inclusion as a core pillar of the US financial […]
2022-8-10 20:53 | |
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Rep. Maxine Waters (D-Calif.), the chairwoman of the House Financial Services Committee, has asked 20 of the largest cryptocurrency firms doing business in the U.S. to explain their hiring practices as the panel adds the digital assets industry to the financial sectors it’s questioned about employment diversity.
2022-8-6 17:20 | |
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The bipartisan bill on stablecoin regulation in the United States has been pushed back by the House Financial Services Committee, according to a statement issued by committee Chairwoman Rep. Maxine Waters (D-CA).
2022-7-29 19:41 | |
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The legislation that could establish U.S. regulations for stablecoins has formally been delayed until after the August congressional break, according to Rep. Maxine Waters (D-Calif.), the chairwoman of the House Financial Services Committee.
2022-7-28 01:17 | |
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The legislation that could establish U.S. regulations for stablecoins has formally been delayed until after the August congressional break, according to Rep. Maxine Waters (D-Calif.), the chairwoman of the House Financial Services Committee.
2022-7-28 01:17 | |
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Companies that issue stablecoins would have to face bank-like regulations and back their tokens with conservative assets in the latest plan for U.S. legislation still being negotiated by leaders of the House Financial Services Committee, according to a source familiar with the talks.
2022-7-21 00:01 | |
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Congress may rebuff U.S. regulators who wanted stablecoins to be the exclusive territory of banks, according to a lawmaker familiar with a legislative effort now in motion. Democrats on the House Financial Services Committee have been working on requirements that may not be as restrictive as the Treasury Department and financial regulators had asked.
2022-7-18 16:38 | |
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The Fed vice chair told the House Financial Services Committee that a CBDC offers stability, interoperability in increasingly complex economic system.
2022-5-27 23:18 | |
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A well-designed central bank digital currency could complement stablecoins and cash, Brainard will say in front of the House Committee of Financial Services on Thursday.
2022-5-27 18:42 | |
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The ongoing crypto market turmoil and the de-pegging by two of the largest stablecoins earlier this week has caught the attention of regulators, particularly Treasury Secretary Janet Yellen. Testifying before the House of Representatives Financial Services Committee Thursday, Yellen brought up the issue of UST and USDT noting stablecoin issuers needed to be brought under […]
2022-5-13 13:39 | |
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Indian tax authorities are planning to put crypto activities in the category of services that attract the highest Goods and Services Tax (GST). According to media reports, the GST council has constituted a committee to study and map different crypto activities such as trading, staking, and wallets for tax purposes. As of now, crypto exchanges […]
2022-5-10 23:36 | |
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Republican House Financial Services Committee members are resisting proposed changes to the 1934 Exchange Act in a letter to the Securities Exchange Commission.
2022-4-19 00:15 | |
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The U.S. Treasury secretary emphasized the department’s crypto monitoring efforts at a House Financial Services Committee hearing Wednesday.
2022-4-7 00:15 | |
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Federal Reserve Chair Jerome Powell voiced his concerns about cryptocurrencies during a recent hearing held by the U.S. House Committee on Financial Services
2022-3-3 21:50 | |
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Jerome Powell, the U.S Fed Reserve Chairman, has said that private entities should not be part of the creation process of a digital dollar. Appearing before the House Financial Services Committee on June 17, the Fed Chair highlighted that monetary policy functions should be left to the central banks regardless of the operating ecosystems. On […]
2020-6-18 19:14 | |
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On June 11, 2020, the United States Congress Financial Services Committee held a remote hearing about the creation of a “digital dollar. ” A number of well known individuals participated including the former Chairman of the U.
2020-6-13 22:30 | |
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The “digital dollar” concept will take the spotlight Thursday as House Financial Services Committee members discuss how best to issue stimulus funds.
2020-6-11 02:20 | |
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The House Financial Services Committee’s Task Force on Financial Technology is scheduled to hold a meeting on Thursday, June 9, 2020, to brainstorm and come up with the best way to deliver stimulus money during times of pandemic like the COVID-19 and other emergency scenarios.
2020-6-11 23:00 | |
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As Neo is anticipating the launch of its newest iteration—Neo3—its founder and CEO Da Hongfei explained what the latest upgrade will bring to the ecosystem. The biggest change to Neo, aside from integrating various tokenization services, will come in the form of a new governance system, where 21 committee members will be voted in by […] The post 21 committee members to control Neo’s governance in version 3 appeared first on CryptoSlate.
2020-5-13 10:03 | |
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China is bringing together its tech giants to create a national blockchain committee with the primary goal of setting standards for the adoption of blockchain in the country. The national committee will include a few big names in China’s tech sector including Huawei Technologies, Tencent Holdings, Baidu, Ant Financial Services, and JD.
2020-4-18 16:10 | |
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The latest version of a U.S. House bill to stimulate the economy during the coronavirus pandemic no longer includes any language around a digital dollar, though a Financial Services Committee bill still does.
2020-3-25 17:15 | |
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Chairwoman Maxine Waters just released the March schedule for the US House Financial Services Committee with one interesting addition on March 24th. The Subcommittee on National Security, International Development, and Monetary Policy will meet to discuss digital currencies in a hearing called “A Review of Domestic and International Approaches to Digital Currencies.” It will start […]
2020-2-28 21:40 | |
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In his testimony before the House Financial Services Committee, Federal Reserve Chairman Jerome Powell answered a number of questions regarding digital currencies. While stating that “a ledger where you know everybody’s payments” is not a problem in China, he believes it is not attractive for the U.
2020-2-13 16:50 | |
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In a reversal of previous policy, Fed Chairman Jerome Powell has come out in favor of anonymous cryptocurrencies in his recent comments to the House of Representatives Committee on Financial Services.
2020-2-12 22:58 | |
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According to the US House Financial Services Committee, the nature of Bitcoin and other cryptocurrencies allows Nazis and domestic terrorists to fund their activities. US officials voice concerns over Bitcoin terrorist financing This Wednesday, a US House Financial Services Committee held a hearing during which its members addressed the topic of cryptocurrencies.
2020-1-17 03:00 | |
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U.S. Congress should not discount the future role of cryptocurrencies in funding acts of domestic extremism, the House Financial Services Committee warns
2020-1-16 22:19 | |
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India’s trade association for the information technology sector has criticized a proposal by a government committee to ban cryptocurrencies, Business Standard reports. According to the National Association of Software and Services Companies (Nasscom), regulations for the cryptocurrency sector are preferable to a ban.
2019-7-30 16:07 | |
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Facebook’s libra is under the scrutiny since pretty much everyone is freaking out that a company that’s run by a fun-sized Chucky doll is jumping in the cryptocurrency water. Watch the video to see the latest news on Facebook Libra hearings at House Financial Services Committee.
2019-7-20 21:57 | |
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Bitcoin Skeptic Bashes Libra On Wednesday, Libra was the primary topic of discussion for the House Committee on Financial Services. Unsurprisingly, there was a multitude of U. S. politicians that expressed disdain towards the corporate cryptocurrency.
2019-7-18 16:45 | |
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Facebook cryptocurrency Libra is an imitator of Bitcoin, Meltem Demirors of CoinShares testified before the US Congress on Wednesday. The chief strategy officer appeared before the House Financial Services Committee to explain the difference between Bitcoin and thousands of cryptocurrency projects that takes inspirations from it.
2019-7-18 16:00 | |
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With yesterday's Senate hearing centering on lawmakers' distrust of Facebook, the social media giant's House Financial Services Committee hearing focused much more on what exactly Libra is and saw regulators speaking in a surprisingly positive manner about Bitcoin.
2019-7-18 00:08 | |
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US congressman Patrick McHenry was a guest at CNBC’s Squawk Box where he weighed in on Facebook’s Libra and bitcoin following Libra’s hearing before the Senate at Capitol Hill. Patrick presently represents the 10th District of North Carolina and is also a ranking member of the Financial Services Committee.
2019-7-18 20:54 | |
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House Financial Services Committee Chairwoman Maxine Waters has been on a crusade against Facebook’s entry into cryptocurrency via the Libra project. Her rampage continued on Wednesday during a second day of congressional hearings devoted to Libra.
2019-7-18 20:40 | |
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Watch the live webcast of the House Financial Services Committee hearing on Facebook's Libra cryptocurrency project.
2019-7-17 16:50 | |
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The US Senate Committee on Banking, Housing, and Urban Affairs held a hearing on Facebook’s Libra project this morning, with Facebook crypto chief David Marcus in the hot seat. After a lengthy introduction by Idaho Senator Mike Crapo in which he called Facebook’s aims “commendable,” the committee discussed the potential ramifications of Facebook banking services.
2019-7-17 20:20 | |
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A recent bill, “Keep Big Tech Out Of Finance Act,” recommends prohibiting giant tech firms from serving as financial institutions or launching their own cryptocurrency. Likely geared toward Facebook, the bill was reviewed by Democrats that oversee the House Financial Services Committee.
2019-7-16 18:38 | |
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The House Financial Services Committee in the United States is set to discuss the future of Facebook’s upcoming cryptocurrency, Libra, on Tuesday. The head of the committee, Democratic Congresswoman Maxine Waters, last week proposed legislation which details rules that would ban Facebook and other technology firms from developing and launching financial services.
2019-7-16 15:00 | |
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A copy of draft legislation barring big tech from entering the banking industry and providing financial services has been doing the rounds. It is believed that this draft has been circulated amongst the House Financial Services Committee’s Democratic majority.
2019-7-16 11:00 | |
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