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.
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.
Trump has nominated Billy Long, a former member of the U.S. House of Representatives, to be the director of the Internal Revenue Service. In addition, Trump nominated former Senator Kelly Loeffler to head the U.S. Small Business Administration.
On November 27 local time, US House Speaker Mike Johnson said that US entrepreneur Elon Musk and former Republican presidential candidate Vivek Ramaswamy will travel to Capitol Hill on December 5 to discuss with House and Senate Republicans "to achieve regulatory repeal, administrative cuts and cost savings". Previously, US President-elect Trump announced on November 12 that Musk and Ramaswamy will jointly lead the proposed "government...
"Despite widespread opposition, SAB 121 has functioned effectively as a statute, even though it has never gone through the normal Administrative Procedure Act process," the House of Representatives will tell Representative Mike Flood this week. Flood said: "I look forward to working with the next SEC chairperson to revoke SAB 121. Whether Chairperson Gary Gensler leaves on his own or President Trump will fulfill his [Gensler's] dismissal...
According to Quiver Quantitative, US Congressman Mike Collins has revealed that he has purchased $80,000 worth of Ethereum.
U.S. Rep. French Hill said he remains optimistic that the crypto market structure bill and stablecoin legislation will be considered before the end of 2024. Hill pointed out during the discussion at Fintech Week in Washington DC that the two bills may be advanced in the "lame duck period" after the November election. In addition, he also stressed that if they cannot be passed this year, these bills will be a priority issue in 2025. At present, the House of Representatives has passed the FIT 21 b...
US Congressman Byron Donalds spoke at the investor day of crypto venture capital firm BlockTower on Wednesday and said Trump could lift the "crypto regulatory impasse". Donalds revealed that he shared a plane ride from Atlanta to Florida with former President Trump on Tuesday night. Donalds said the two discussed how to dismantle what he described as a regulatory "gridlock," the challenge President Biden and Vice President Kamala Harris, Trump's November opponent, have brought to the $2 trillion...
U.S. Rep. Tom Emmer has said that the crypto industry will not benefit from an overturned legal doctrine that forced courts to use federal agencies' interpretations of ambiguous laws unless Congress passes legislation limiting the scope of regulation by relevant agencies. Emmer acknowledged that crypto-related bills have recently gained more bipartisan support, noting that in May, 71 House Democrats joined Republicans in voting for the 21st Century Financial Innovation and Technology Act. Howeve...
According to market news, the US House of Representatives has enough votes to pass a resolution to increase the protection of the US Secret Service for presidential and vice presidential candidates, and the vote is still ongoing.
US Rep. Mike Lawler asked Powell at a hearing on Wednesday: "Would a September rate cut, which investors currently see as about a 70% chance, be seen as a political move to try to change the campaign landscape ahead of the November 5 election?" Powell countered the claims, saying the Fed would make a rate decision "as necessary". "Our commitment is based on data, upcoming data, the changing outlook and winds...
On July 4th, according to US media reports, a senior US Democratic official revealed that dozens of Democratic members of the US House of Representatives are considering signing a letter to President Biden asking him to withdraw from the race, because they are increasingly worried that he will cause control of Congress to be handed over. According to reports, Biden is rapidly losing the support of Democratic congressmen and candidates, who are worried that the 81-year-old Biden's insistence on r...