New Crypto-Friendly Bill Approved by House Financial Services Committee

2023-7-27 13:39

New bill aimed at setting clearer regulations for ever-growing cryptocurrency industry has gained approval from US House Financial Services Committee

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US House Financial Services Committee passes bill for clear crypto regulation

A vital US House meeting has passed a bipartisan bill that might finally ensure the sought-after regulatory clarity for cryptocurrency businesses. On Wednesday, 26 July, most United States watchdogs voted to advance two cryptocurrency regulation bills, approving the 21st Century Act to safeguard customers and ensure decisive rules for the digital asset sector.

2023-7-27 07:32


Prometheum, a SEC-registered broker-dealer, sets Twitter ablaze with speculation: here’s what you need to know

Crypto firm Prometheum’s co-founder and co-CEO Aaron Kaplan testified before the U. S. Financial Services House Committee on June 13 The “full-service market” crypto brokerage gained the spotlight after Kaplan took a pro-SEC stance in his testimony, in stark contrast to the majority of industry leaders.

2023-6-16 20:34


New Era For Crypto: Bipartisan Stablecoin Bill Emerges In US House Committee

As the digital asset industry continues to evolve, so too do the regulations designed to govern it. In a recent development, the US House Financial Services Committee has unveiled a revised draft of a stablecoin bill, a product of bipartisan collaboration, and a potential harbinger of comprehensive US crypto regulation. The bill is the result […]

2023-6-9 14:00


US house financial committee gives SEC Chair Gensler ultimatum to respond to inquiries

The U.S. House Committee on Financial Services issued a May 19 ultimatum to the Securities and Exchange Commission (SEC) chair Gary Gensler to respond to its inquiries. In a May 9 letter, the lawmakers demanded that the SEC deliver the requested internal non-public documents of its activities, including its charges against bankrupt FTX founder Sam Bankman-Fried, crypto […] The post US house financial committee gives SEC Chair Gensler ultimatum to respond to inquiries appeared first on CryptoSlate.

2023-5-12 20:31


Elizabeth Warren calls crypto ‘method of choice’ for sanction evasion

Senator Elizabeth Warren testified before the Senate Armed Services Committee on May 4, where she emphasized crypto’s use in crime and sanctions evasion. Russia, North Korea’s crypto use in 2022 During her testimony, Warren said: “Cryptocurrency is now the method of choice for countries to evade sanctions so that they can fund weapons programs support […] The post Elizabeth Warren calls crypto ‘method of choice’ for sanction evasion appeared first on CryptoSlate.

2023-5-6 23:14


According to McHenry, the U.S. House is expected to introduce a crypto bill within the next two months.

Rep. Patrick McHenry, the chair of the House Financial Services Committee, has announced that the committee will collaborate with the House Agriculture Committee to draft crypto legislation. The joint public hearings will begin in May, and the goal is to produce legislation that oversees the crypto industry within the next two months.

2023-4-29 17:27