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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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