House Financial Services Committee

Will Specter of Public Runs and More Regulation Blunt Stablecoins’ Use in Commerce?
Will Specter of Public Runs and More Regulation Blunt Stablecoins’ Use in Commerce?
February 07, 2024  |  Cryptocurrency

Stablecoins need more regulation. Stablecoins might, in some cases, cause runs. And as government officials and financial institutions (through the Bank for International Settlements) sound...

READ MORE >
This Week in AI: The Future of Work and Home 
This Week in AI: The Future of Work and Home 
January 12, 2024  |  artificial intelligence

Generative artificial intelligence (AI), like most programming languages, uses Epoch Time to standardize its operations. Epoch Time is the number of seconds that have elapsed...

READ MORE >
Congressional Working Group to Study AI’s Impact on Financial Services 
Congressional Working Group to Study AI’s Impact on Financial Services 
January 11, 2024  |  Artificial Intelligence

A bipartisan congressional working group will explore the impact of artificial intelligence (AI) on the financial services and housing industries.  The formation of the Working...

READ MORE >
Federal Reserve Sets Guidelines for Banks’ Use of Stablecoins
Federal Reserve Sets Guidelines for Banks’ Use of Stablecoins
August 28, 2023  |  Regulation

A new Federal Reserve supervisory letter on the process for state member banks using dollar tokens, such as stablecoins, to facilitate payments has drawn the...

READ MORE >
Crypto Company Circle Prepares for New Products and Global Expansion
Crypto Company Circle Prepares for New Products and Global Expansion
August 10, 2023  |  Cryptocurrency

Crypto company Circle Internet Financial is counting on its $1 billion cash cushion to weather fresh competition from non-crypto companies such as PayPal Holdings. Stablecoins are a...

READ MORE >
US Lawmakers Prepare to Tackle Landmark Crypto Bill
US Lawmakers Prepare to Tackle Landmark Crypto Bill
July 26, 2023  |  Cryptocurrency

The cryptocurrency industry has long been asking Washington for more regulatory clarity. This week could finally put the sector on the road to that goal,...

READ MORE >
132 Members of Congress Say CFPB Funding Structure Unconstitutional
132 Members of Congress Say CFPB Funding Structure Unconstitutional
July 11, 2023  |  CFPB

A group of 132 members of Congress favor challenging the funding structure of the Consumer Financial Protection Bureau (CFPB). The group filed an amicus curiae brief to the...

READ MORE >
HFSC Chairman Patrick McHenry Opposes Biden Administration Mortgage Plan
HFSC Chairman Patrick McHenry Opposes Biden Administration Mortgage Plan
June 23, 2023  |  Politics

The chairman of the House Financial Services Committee aims to reverse a Biden Administration mortgage plan. Rep. Patrick McHenry (R-North Carolina) said Friday (June 23)...

READ MORE >
Lawmakers Introduce Legislation to Reform FinCEN and Protect Small Business Data
Lawmakers Introduce Legislation to Reform FinCEN and Protect Small Business Data
June 12, 2023  |  Regulation

In today’s fast-paced world, financial crimes are becoming increasingly common, and it’s crucial to safeguard consumers and businesses.  Lawmakers are moving to reform the Financial...

READ MORE >