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The government should recognize blockchain as an emerging industry with "significant" long-term economic and job creation opportunities, a lawmaker committee on industry and tech said. Source
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Michigan Rep. Bill Huizenga pointed out that the documents shared by the SEC contained minimal information, mainly consisting of public briefings on the collaborative efforts between the SEC and the Justice Department in the case of SBF. The Chairman of the United States House Oversight and Investigations Subcommittee, Bill Huizenga, has
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Democrats with the United States House Financial Services Committee have introduced several bills in what they described as the “first wave” of legislation aimed at addressing failures at major banks.In a June 21 announcement, committee ranking member Maxine Waters said House Democrats had backed 11 bills drafted in response to
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The proposed bill covers the possible risks associated with creating and using AI. It intends to protect users from potential harm arising from using them freely without regulations. Some lawmakers from the Democratic and Republican groups are proposing a bill to form a commission that will oversee the country’s approach to
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Patrick McHenry intends to hold a committee vote on a detailed crypto regulatory structure. Reactions about the use of crypto still make it unclear how things will turn out. Patrick McHenry, a House Republican lawmaker, plans to introduce legislation around crypto regulations after lawmakers return to work on July 11. The
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“There have been some suggestions by fellow parliamentarians that crypto assets are more akin to gambling I refute that, that is not the government's position," Griffith said. "The right regulator[s] [are] the financial regulators with their deep expertise and understanding of issues like how to ensure markets are fair, how
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Davidson was joined by another crypto-friendly congressman Tom Emmer in creating the legislation. Crypto-friendly congressman Warren Davidson has filed a new bill called the “SEC Stabilization Act”. According to Davidson, the bill seeks to reform the SEC and rid it of its “tyrannical Chairman” Gary Gensler. His Twitter announcement reads: “Today I
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Members of the United States House of Representatives are pushing for ways to remove Securities and Exchange Commission (SEC) Chair Gary Gensler from his position, but the legality may be more complicated than a single piece of legislation.On June 12, Ohio Rep. Warren Davidson introduced the SEC Stabilization Act with
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United States Congressman Warren Davidson has introduced the "SEC Stabilization Act" into the House of Representatives, announced June 12. One of the bill's main provisions is to fire Securities and Exchange Commission (SEC) chair Gary Gensler. Davidson said in a statement:"U.S. capital markets must be protected from a tyrannical Chairman, including
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Binance may have misled lawmakers in the United States about its business dealings and relationship with its local unit in a letter sent in March, Bloomberg reported on June 8. In a letter sent to United States Attorney General Merrick, senators Elizabeth Warren and Chris Van Hollen asked the Justice Department to
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