Congress

A US Regulatory Agency Just for AI? It Could Happen
A US Regulatory Agency Just for AI? It Could Happen
May 22, 2023  |  artificial intelligence

Artificial intelligence (AI) technology’s dramatic surge in the private marketplace has caught lawmakers’ attention. This, as leaders of the G7 nations — the U.S., U.K.,...

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US Lawmakers Debate Dueling Stablecoin Bill Drafts
US Lawmakers Debate Dueling Stablecoin Bill Drafts
May 18, 2023  |  Regulation

U.S. lawmakers faced off Thursday (May 18) over two proposed stablecoin bills. Both bills under consideration would allow both banks and non-banks to issue stablecoins. It was...

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McHenry: Biden Created ‘Perfect Storm’ for Banking Crisis
McHenry: Biden Created ‘Perfect Storm’ for Banking Crisis
May 17, 2023  |  Bank Regulation

A top House Republican says White House “mismanagement” helped trigger the recent banking crisis. Rep. Patrick McHenry (R-N.C.) chairs the House Financial Services Committee, which...

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OpenAI CEO: If AI Goes Wrong, ‘It Can Go Quite Wrong’
OpenAI CEO: If AI Goes Wrong, ‘It Can Go Quite Wrong’
May 16, 2023  |  artificial intelligence

The head of ChatGPT parent OpenAI is pleading with Congress to regulate his company’s technology. Testifying before a Senate subcommittee Tuesday (May 16), Sam Altman likened artificial intelligence’s...

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Rep. McHenry: House Crypto Legislation Is Weeks Away
Rep. McHenry: House Crypto Legislation Is Weeks Away
April 30, 2023  |  Cryptocurrency

The head of the House Financial Services Committee expects to soon put forth cryptocurrency legislation. Rep. Patrick McHenry, R-N.C., told an audience at CoinDesk’s Consensus...

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Hearings on Crypto’s Regulatory Gaps Do Little to Fill Them
Hearings on Crypto’s Regulatory Gaps Do Little to Fill Them
April 27, 2023  |  Cryptocurrency

Congress has rebranded cryptocurrency to “digital assets,” but still can’t chart a go-ahead future. As evidenced by two hearings held in tandem Thursday (April 27)...

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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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