House Financial Services Committee

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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House Financial Services Chair to Probe ‘Supervisory Failures’ at SVB
House Financial Services Chair to Probe ‘Supervisory Failures’ at SVB
March 14, 2023  |  Banking

A top House Republican says Americans should be confident in the country’s financial system in spite of recent banking failures. “The Fed is doing what...

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Rep. McHenry Creates House Digital Assets/FinTech Subcommittee
Rep. McHenry Creates House Digital Assets/FinTech Subcommittee
January 15, 2023  |  Politics

House Republicans are set to take a closer look at FinTechs and digital assets. Rep. Patrick McHenry, the new chair of the House Financial Services...

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Key Takeaways From House Hearing on FTX Crypto Collapse
Key Takeaways From House Hearing on FTX Crypto Collapse
December 13, 2022  |  Cryptocurrency

Hearings into the FTX crypto collapse kicked off without input from now-jailed founder Sam Bankman-Fried. As reported by PYMNTS, the failed FTX founder faces eight...

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Crypto Exchange Binance Sees Spike in Withdrawals From Spooked Investors
Crypto Exchange Binance Sees Spike in Withdrawals From Spooked Investors
December 13, 2022  |  Cryptocurrency

Crypto exchange FTX has been criminally charged with being shot through with fraud from inception. The news, revealed in a federal indictment unsealed Tuesday morning...

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FTX Bankruptcy CEO Says Record-Keeping Had Been ‘Near-Zero’
FTX Bankruptcy CEO Says Record-Keeping Had Been ‘Near-Zero’
December 12, 2022  |  Cryptocurrency

The CEO of FTX said the firm’s corporate infrastructure and record-keeping had been “near-zero.”  In prepared testimony that is to be delivered to the House...

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Tweet It to Believe It: SBF Speaking at House Hearing
Tweet It to Believe It: SBF Speaking at House Hearing
December 09, 2022  |  Cryptocurrency

The one-time billionaire founder of failed Crypto exchange FTX, Sam Bankman-Fried, is heading to Washington. This, as the fallen king of crypto tweeted to Congresswoman and...

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FTX Founder Will Testify Before Congress After ‘Learning and Reviewing’
FTX Founder Will Testify Before Congress After ‘Learning and Reviewing’
December 05, 2022  |  Cryptocurrency

FTX’s founder has indicated he’ll eventually appear before a congressional committee investigating his company. On Twitter Sunday (Dec. 4), Sam Bankman-Fried responded to Rep. Maxine...

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House Financial Services Committee Announces December Hearing on FTX Collapse
House Financial Services Committee Announces December Hearing on FTX Collapse
November 16, 2022  |  Regulation

The downfall of crypto trading platform FTX has triggered a worldwide regulatory investigation, and now the U.S. House Financial Services Committee is undertaking a bipartisan...

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