The US House of Representatives committee will hold a hearing on the digital payments ecosystem on March 11.
On February 16th, during a hearing of the US House Financial Services Committee, Rep. Ayanna Pressley expressed strong concerns about the growing prevalence of cryptocurrency scams and urged stronger consumer protections. She emphasized that the Consumer Financial Protection Bureau (CFPB) played an important role in fighting fraud, but was disbanded under the influence of Trump and Musk, particularly through...
The US House Financial Services Committee held a hearing on digital assets on February 11. Republican Congressman Tom Emmer said that crypto technology transfers economic power from central institutions back into the hands of the people. Democratic lawmakers expressed concerns about Trump's Meme coin, which Sean Casten said lacked real value. In terms of stablecoin regulation, committee chair French Hill and Democratic leader Maxine Waters respectively proposed a regulatory framework. Investment...
According to Forbes business reporter Eleanor Terrett, the U.S. House Financial Services Committee will hold a hearing on February 12 at 3:30 PM on the topic "The Golden Age of Digital Assets: Charting the Way Forward." Jonathan Jachym, Deputy General Counsel and Head of Global Policy and Government Relations at Kraken Trading Platforms, will appear as a witness at the hearing, which will be broadcast live on YouTube.
Johnson, the speaker of the US House of Representatives, has said that Republicans will find funding sources to cover Trump's tax cuts.
U.S. Representatives French Hill and Brian Steele have released a discussion draft of a bill that would establish a regulatory framework for U.S. dollar-pegged payment stablecoins. The legislation would impose a two-year ban on the issuance of "endogenous collateralised stablecoins", meaning issuers would be prohibited from creating stablecoins backed by self-issued digital assets. In addition, it would require the US Treasury to promote research on stablecoins. Before the draft bill was release...
According to Forbes reporter Eleanor Terrett, Republican members of the U.S. House Financial Services Committee have announced the list of witnesses for next Tuesday's hearing on the topic "The Golden Age of Digital Assets: Charting the Way Forward." Participants: Jonathan Jachym, Deputy General Counsel and Head of Global Policy and Government Affairs at Kraken Ji Kim, President and Acting CEO of the Crypto Innovation Council Coy Garrison, Partner at SteptoeLLP and former SEC advisor Jose Fernan...
The chairperson of the U.S. House Financial Services Committee, FrenchHill, said that both houses of Congress will establish a cryptocurrency working group.
U.S. Rep. Gerald Connolly, Democrat of Virginia, has called on the U.S. House Oversight and Government Reform Committee to investigate whether President Trump's cryptocurrency enterprise conflicts with his presidential duties. Connolly said in a Jan. 21 letter to committee Republican Chairperson James Comer that Trump may have been removed from his W...
The Democratic leader of the U.S. House Financial Services Committee, California Rep. Maxine Waters, echoed the concerns of many cryptocurrency users and lawmakers who have accused Trump of harming legitimate projects in the cryptocurrency industry with the launch of Meme. Waters said in a statement on Jan. 20 that Official Trump (TRUMP) represents "the worst of Crypto" and...
According to Fox reporter Eleanor Terrett, the US House Financial Services Committee has officially announced the new leadership structure. Among them, Bryan Steil (WI-01) will serve as the chairperson of the digital assets, financial technology and artificial intelligence subcommittee, Bill Huizenga (MI-04) will serve as the vice chairperson of the committee, and Mike Haridopolos (FL-08) will serve as the committee whip. Among other key appointments, Ann Wagner (MO-02) will lead the capital mar...
In a financial disclosure report filed with the U.S. House of Representatives on January 1, Rep. Mike Collins revealed that he purchased Ski Mask Dog (SKI), a token launched in May 2024, worth between $1,001 and $15,000. The report shows that between December 1 and December 3 (approximately one month after the U.S. election), Mike Collins made three purchases of the token, each for up to $15,000. It is not clear whether his investment is related to his election victory in Georgia's 10th congress...
According to Fox News, House Republicans have reached an agreement to implement a "Plan C" to avoid a government shutdown.
House Republicans in the United States are looking for ways to avoid a government shutdown after their second appropriations proposal was defeated Thursday night. It is now hours away from the Friday deadline. House Speaker Johnson said earlier Friday that Republicans have reached a Plan C to avoid a government shutdown and plan to vote soon. Senate Republicans have called two proposals they witnessed in the House to fund the government through Christmas a "mess...
The US House of Representatives failed to pass the stopgap funding and debt ceiling bills supported by Trump, and 22 Republican lawmakers have voted against it. (Jin Ten)