News list for "Service committee"
Tomorrow at 10 a.m. ET, the U.S. House Financial Services Committee will hold a hearing on how U.S. securities laws can accommodate digital assets.
French Hill, chairperson of the House Financial Services Committee, outlined a blueprint for digital assets in the United States, proposing six principles: 1. Legislation must promote innovation. 2. Legislation must clarify the classification of assets. 3. Legislation must codify the framework for issuing new digital assets. 4. Legislation must establish supervision of cash market exchanges and intermediaries; 5. Legislation must establish best practices for protecting customer assets. 6. Legisl...
The U.S. House Financial Services Committee on Wednesday passed the Anti-CBDC Surveillance State Act (H.R. 1919) by 27 votes to 22. The bill, introduced by Republican House Majority Whip Tom Eimer, seeks to prevent central bank digital currencies from being used for monetary policy and to prohibit the Federal Reserve from providing financial services directly to individuals. Eimer said the bill ensures that U.S. digital currency policy is in the hands of the American people, not the executive. T...
The US House Financial Services Committee voted on Wednesday to move forward with an important bill to regulate stablecoins. The bill, called Stablecoin Transparency and Accountability for a Better Ledger Economy, passed the committee's resolution on Wednesday by a vote of 32 to 17. House Finance...
French Hill, chairperson of the US House Financial Services Committee, on Monday took a rare swipe at the cryptocurrency business activities of President Donald Trump and his family, saying they "complicate" efforts to write laws for the nascent digital asset industry. Hill singled out Trump's meme and stablecoin projects as a negative for lawmakers' work.
South Korea's Financial Services Commission: South Korea will resume full stock selling short trading as planned from March 31.
According to Fox Business reporter Eleanor Terrett, the chairperson of the US House Financial Services Committee, French Hill, plans to invite Binance executive Tigran Gambaryan as a guest to attend the State of the Union address. French Hill had previously actively campaigned for the release of Tigran Gambaryan from a Nigerian prison, where he served eight months on false charges of tax evasion and money laundering. He was released and returned to the United States in October last year.
Patrick McHenry, former chairperson of the House Financial Services Committee, will join Ondo as vice chairperson of the advisory board. His appointment underscores Ondo's commitment to driving US-led innovation in digital assets, while prioritizing compliance with evolving global regulations.
South Korea's Financial Services Commission plans to establish a new virtual asset unit under the Financial Innovation Planning Group and appoint managers by the end of June. The FSC is training virtual asset investigators and will take overall responsibility for the Virtual Asset User Protection Act, which takes effect on July 19.
The Republican Committee on Financial Services in the US House of Representatives posted on social media that it was very disappointing that President Biden vetoed SAB 121. This move ignores multiple bipartisan votes and sends a clear message to the administration that its approach to digital asset policy is wrong. Congress will continue to fight for clarity on digital asset regulation.
On May 31, McHenry, chairperson of the US House Financial Services Committee, said that a legislative tool is needed to advance a bill on stablecoin regulation.
Patrick McHenry, chairperson of the US House Financial Services Committee, has lashed out at the SEC and Gary Gensler, chairperson of the SEC, regarding the Securities Exchange Commission's (SEC) investigation into Ethereum, suggesting that Ethereum could be classified as a security. Additionally, the lawmaker emphasized that Gensler deliberately misled Congress on the issue. Patrick McHenry pointed out that this incident highlights the urgency for Congress to pass the bipartisan 21st Century FI...
Rep. Maxine Waters, the Democratic leader on the U.S. Financial Services Committee, predicted Wednesday that she and chair Patrick McHenry will soon reach an agreement on stablecoin regulation legislation. Waters said in an interview that we are working towards a stablecoin bill in the short term and have discussed stablecoins with Senate Majority Leader Chuck Schumer and Senate Banking Chairperson Sherrod Brown, adding that the Federal Reserve, the Treasury Department, and the White House have ...
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