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“Apparently, we'll have options for both banks and non banks,” Himes told CryptoX in an interview. He said Chairwoman Maxine Waters (D-Calif.) and the ranking Republican on the committee, Rep. Patrick McHenry (R-N.C.), have been working together on a narrow, stablecoins-only bill, and it’s expected to establish “standards for reserves”
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North Carolina Representative Ted Budd submitted an amendment to the omnibus America COMPETES Act of 2022, specifically targeting the provision that would allow the Treasury Department to impose “special measures,” including surveillance and outright prohibitions, against “certain transmittals of funds.”As Cryptox reported, executives of crypto advocacy group Coin Center had
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In a letter to the leadership of the United States House Financial Services Committee, ranking member Patrick McHenry took a jab at “inconsistent treatment and jurisdictional uncertainty” inherent in U.S. crypto regulation and called for the committee to take on its critical issues.McHenry, a Republican representing North Carolina, opened by
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Gensler has indicated in several hearings and interviews that the SEC already has the authority it needs to regulate crypto exchanges and stablecoins. In a September interview with the Washington Post, Gensler said that most cryptocurrencies have the attributes of securities, and he urged crypto exchanges to register with the
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Supporters can now send the congressman crypto donations via BitPay for his 2020 reelection campaign. Source
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Coinspeaker ‘Ripple’s XRP Is Not a Security’, Says U.S. CongressmanOn August 20, the American delegate from Minnesota Tom Emmer hosted the first “Cryptocurrency Town Hall”. That event was organized together with the PAC of the Chamber of Digital Commerce. Most of the attendees were the innovators in the crypto industry.
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Minnesota Representative Tom Emmer will accept crypto donations for his campaign. The Chairman of the National Republican Congressional Committee (NRCC) and member of the Congressional Blockchain Caucus opened his first cryptocurrency town hall on Thursday with the announcement, telling CryptoX that BitPay will process all donations. The town hall, announced last week,
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While many in Washington D.C. are hesitant to give Bitcoin their support, a Congressman recently took to Twitter to support this nascent space.Related Reading: Crypto Tidbits: Bitcoin Holds $9k, Ethereum DeFi Gains Traction, Trump Talked BTC in 2018Congressman Throws Weight Behind Bitcoin, Calls It “Sound Money”On June 22nd, the Congressman
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US Democrat Congressman Stephen F. Lynch, a ‘Southie’ from South Boston with nine succeeding Congresses since 2001 under his belt, introduced a bill in late April
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United States Congressman Bill Foster (D-IL) has questioned the Chair of the Federal Reserve Jerome H. Powell on U.S’s central bank digital currency (CBDC) progress at a hearing on monetary policy earlier today. Foster hopes for a digital dollarFoster began his questioning by asking Powell:“Do you think that establishing a
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