Congress

Stablecoin Debate Divides Along Party Lines During House Hearing
Stablecoin Debate Divides Along Party Lines During House Hearing
April 19, 2023  |  Cryptocurrency

The political parties are reportedly divided over potential congressional action on stablecoin regulations. During a Wednesday (April 19) hearing in the House, Republicans favored reviving...

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Stablecoin Bill Enters Congress as US Lawmakers Eye Currency’s Future
Stablecoin Bill Enters Congress as US Lawmakers Eye Currency’s Future
April 17, 2023  |  Regulation

The U.S. Congress is looking to bring stablecoins deeper into the regulatory fold. And potentially the broader global financial system. A new 73-page draft bill,...

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SVB Hearing: Lawmakers Allege Top Banking Regulators Asleep at the Wheel
SVB Hearing: Lawmakers Allege Top Banking Regulators Asleep at the Wheel
March 29, 2023  |  Bank Regulation

House lawmakers showed that their teeth can just bite as tough as their Senate counterparts during the second day of congressional hearings about how Silicon...

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What a Ban on TikTok in the US Could Mean for Brands and Retailers
What a Ban on TikTok in the US Could Mean for Brands and Retailers
March 24, 2023  |  Retail

TikTok CEO Shou Zi Chew testified before the House Committee on Energy and Commerce for about five hours on Thursday (March 23). Throughout the hearing,...

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HFSC Chairman Patrick McHenry Welcomes Banks’ Support of First Republic
HFSC Chairman Patrick McHenry Welcomes Banks’ Support of First Republic
March 17, 2023  |  Banking

House Financial Services Committee Chairman Patrick McHenry is among those welcoming banks’ support of First Republic Bank. The congressman said in a Thursday (March 16)...

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Silvergate’s Crisis Gives Regulators Ammunition to Keep Crypto from Mainstream Banking 
Silvergate’s Crisis Gives Regulators Ammunition to Keep Crypto from Mainstream Banking 
March 02, 2023  |  Cryptocurrency

Silvergate’s existential crisis may give regulators the ammunition they need to keep crypto and mainstream banking separate. As reported here, Silvergate Capital said in a U.S. Securities...

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Congressmen Ask SEC About Timing of Arrest of Bankman-Fried
Congressmen Ask SEC About Timing of Arrest of Bankman-Fried
February 10, 2023  |  Regulation

Two congressmen want to know more about the timing of the arrest of Sam Bankman-Fried. In a Friday (Feb. 10) letter to Securities and Exchange...

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Sen. Booker Sees Hope for Reform Around Banks and Cannabis
Sen. Booker Sees Hope for Reform Around Banks and Cannabis
January 30, 2023  |  Politics

Cannabis — an industry around which many digital tools have arisen — may benefit from new legislation. Seeking Alpha reported Monday (Jan. 30) that Sen....

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White House Says Congress Needs to Step Up Crypto Efforts
White House Says Congress Needs to Step Up Crypto Efforts
January 30, 2023  |  Cryptocurrency

The Biden administration published a roadmap urging Congress to accelerate its crypto enforcement efforts. “At President Biden’s direction, we have spent the past year identifying...

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