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...
Gerry Connolly, the top Democrat on the House oversight committee, wrote to the committee's Republican chairperson a day after the start of Mr. Trump's new term demanding an investigation into the president's business ties. "The committee must take immediate action to investigate the serious conflicts of interest that Donald Trump has brought into the office of the president," he said in the letter.
According to official documents, U.S. Rep. Jordan Teuscher of Utah proposed strategic bitcoin reserve legislation, which aims to authorize the state treasurer to invest in specific digital assets, including virtual currencies, cryptocurrencies and stablecoins with a market value greater than $500 million, and establish relevant requirements and regulations for the management and investment of these assets. The investment ratio shall not exceed 10% of the total funds in the account.
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...
U.S. Rep. Jordan Teuscher of Utah has proposed legislation for strategic bitcoin reserves.
Phillip Chen, a Republican member of the California House of Representatives, will draft a bill to support bitcoin, and Phillip Chen's office has appointed Proof of Workforce to oversee various bitcoin-related initiatives and assist in drafting formal bills for the upcoming legislative session. It is reported that Workforce Proof is a non-profit organization based in Santa Monica, California, that aims to assist workers, unions, pensions, and municipalities with education-based bitcoin adoption.
According to Bitcoin Magazine, Oklahoma Rep. Cody Maynard has introduced a bill to establish a strategic bitcoin reserve in the state.
Forbes reporter Eleanor Terrett said in an article on X that French Hill, chairperson of the US House Financial Services Committee, has appointed Tom Emmer as vice chairperson of the digital assets, financial technology and artificial intelligence subcommittee. He also nominated other Republican members of the committee.
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...
On January 4th, Johnson, the speaker of the US House of Representatives, did not receive a majority of votes in the first round of the speaker election, but then two House Republicans changed their voting positions and supported Johnson as speaker. Johnson now has enough votes to continue as speaker of the House of Representatives.
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...
On December 25th, according to Yonhap News Agency, according to data submitted by Lim Kwong-hyun, a member of the Democratic Party of Korea and a member of the National Assembly Planning and Finance Committee, as of the end of November, the number of digital asset investors in South Korea was 15.59 million, an increase of 610,000 from the end of October, more than 30% of the Korean population. The total amount of digital assets held is 102.60 trillion won (about 70 billion US dollars), and the d...
On December 21st, local time on December 20th, the US House of Representatives passed the emergency funding bill to prevent the government from "shutting down" with 366 votes in favor and 34 votes against. The new bill will continue to provide operating funds for the US government until March next year, thus avoiding the "shutdown" of some federal government agencies after midnight EST on the 21st. The next step of the bill will be submitted to the Senate for a vote. If passed, it will be submit...
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...