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...
At a House Financial Services Committee hearing, Gary Gensler, chairperson of the Securities Exchange Commission, was criticized by lawmakers and members of his agency for his handling of U.S. cryptocurrency regulation. U.S. Congressman Tom Emmer slammed SEC Chairperson Gary Gensler as the most "disruptive" and "lawless" in the regulator's 90-year history.
At a House Financial Services Committee hearing, Gary Gensler, chairperson of the Securities Exchange Commission, was criticized by lawmakers and members of his agency for his handling of U.S. cryptocurrency regulation. U.S. Congressman Tom Emmer slammed SEC Chairperson Gary Gensler as the most "disruptive" and "lawless" in the regulator's 90-year history.
Maxine Waters, the top Democrat on the House financial services committee, said she hoped to reach a "significant agreement" on stablecoin legislation by the end of the year. Waters stressed that the new bill should prioritize consumer protection and strong federal regulation, while allowing multiple avenues for the creation of stablecoins, with the Federal Reserve playing a leading role.
U.S. House Financial Services Committee Chairperson Patrick McHenry, Senator Cynthia Lummis, and 40 other politicians wrote to SEC Chairperson Gary Gensler on September 23, claiming that SAB 121 subverts cryptocurrency custody rules, weakens consumer protections, and stifles financial innovation. The 42 politicians also claimed that...
House Financial Services Committee Chairperson Patrick McHenry and House Majority Whip Tom Emmer of Minnesota sent a letter to Securities and Exchange Commission Chairperson Gary Gensler on Tuesday accusing the SEC of "meddling in internal affairs" and urging the agency to clarify how it treats cryptocurrency airdrops. "By barring Americans from participating in airdrops, the SEC is preventing cryptocurrency users from fully realizing the benefits of blockchain technology," wrote Emmer and McHen...
U.S. House Financial Services Committee Chairperson Patrick McHenry, a Republican who will retire in January, said during a panel discussion at the Georgetown University Financial Marekt Quality Conference on Tuesday that he expects the crypto market structure bill to gain support by the end of the year.
The House Financial Services Committee is expected to discuss issues such as DeFi, US enforcement and "pig slaughter" in a series of hearings next month. The person familiar with the matter said that the congressional committee responsible for regulating U.S. securities and most financial products will schedule a series of cryptocurrency-related hearings in September. The first hearing on September 10 will be the long-awaited DeFi subcommittee review. On the morning of September 18, the SEC's en...
The U.S. House Financial Services Committee plans to hold multiple hearings in September focusing on cryptocurrency-related issues, including decentralized finance (DeFi), regulation of the Securities Exchange Commission (SEC), and the impact of "romance scam" scams. The first hearing on September 10 will focus on DeFi, a hearing on SEC enforcement and "romance scam" scams will be held on September 18, and a full committee hearing on September 23 will involve testimony from the SEC. It is expect...
French Hill, the vice chairperson of the House Financial Services Committee, is spearheading a push to repatriate Tigran Gambaryan, a Binance executive detained in Nigeria. Tigran Gambaryan, a US citizen and former IRS agent who works as a compliance officer for Binance, flew to Nigeria in February to meet with government officials on behalf of Binance, but has been held in a Nigerian prison for nearly four months on "trumped-up" charges including money laundering and tax evasion. French Hill sa...