The head of the Commodity Futures Trading Commission views most stablecoins as commodities, barring new law that could change their classification. “Not withstanding that, they are a commo...
Tag: House Financial Services Committee
SEC’s targeting of Kraken staking program sends shockwaves through industry
The Securities and Exchange Commission’s move to charge crypto exchange Kraken with failing to register the offer and sale of its “crypto asset staking-as-a-service program” signals an aggressive new ...
Democrats split on Gensler’s crypto approach post-FTX
As Congress weighs the FTX collapse, Democrats appear split on how much more the Securities and Exchange Commission and its chair, Gary Gensler, could have done to stave off what the agency now calls ...
FTX execs had ‘free rein’ over exchange, Alameda, CEO Ray says
Sam Bankman-Fried and his top lieutenants had “free rein” over failed crypto exchange FTX and its sister trading firm, Alameda Research, the new FTX CEO said in a congressional hearing. Testify...
Waters ‘disappointed’ Bankman-Fried will no longer testify before Congress
House Financial Services Committee Chair Maxine Waters, D-Calif., says she’s “disappointed” and “surprised” at the timing of Sam Bankman-Fried’s arrest, due to his scheduled appearance before her comm...
Bankman-Fried ‘unwilling’ to accept subpoena, escalating Senate standoff
Senate lawmakers blasted former FTX CEO Sam Bankman-Fried for declining to appear at a hearing this week, calling his decision an “unprecedented abdication of accountability.” The Senate Banking...
‘Overbooked’ Sam Bankman-Fried to testify before Congress virtually
Former FTX CEO Sam Bankman-Fried will testify virtually before Congress on Tuesday, saying he can’t travel to Washington, D.C. due to his busy schedule and security concerns about paparazzi. “I&...
Congressional committee confirms SBF as FTX hearing witness
Disgraced FTX founder Sam Bankman-Fried is slated to testify in a congressional hearing on the collapse of the company, the U.S. House of Representatives Committee on Financial Services confirmed. &#...
Feds have contacted former FTX employees as part of investigation
Federal law enforcement is in touch with former FTX employees as part of a criminal investigation into the failed exchange and its sister hedge fund Alameda Research. Two former FTX employees h...
House committee weighing subpoena for Sam Bankman-Fried
Senior members of the House Financial Services Committee are weighing a subpoena to compel embattled former FTX CEO Sam Bankman-Fried to testify, though little time remains to enforce one during this ...
Gensler to brief House Democrats in run-up to FTX hearing: Exclusive
Democrats of the House Financial Services Committee will hear from Securities and Exchange Commission Chair Gary Gensler in the lead-up to a hearing on FTX next week. Gensler will speak at a Dem...
House lawmakers set first FTX hearing for Dec. 13
House lawmakers will begin their investigation into the collapse of crypto exchange FTX, and its broader impact on the digital asset industry, at a hearing scheduled next month. The House Financ...
SEC facing rising scrutiny after FTX’s epic implosion
After the high-profile implosion of FTX, crypto skeptics and digital currency advocates have both asked the question: Could the Securities and Exchange Commission have done more? Expect to hear ...
Lawmakers weigh what to do with Sam Bankman-Fried’s political cash after FTX’s collapse
FTX executives made a splash during the 2022 midterm cycle, spending millions on political donations and funding for their super PACs But after the exchange filed for bankruptcy protection, som...
Congress wants SBF to come to Washington — one more time
Members of Congress want to hear from Sam Bankman-Fried and other crypto executives about FTX’s sudden and complete collapse, including the impact it’s had on customers and the entire digital asset ec...
Binance role in FTX collapse under congressional scrutiny
Binance’s role in the sudden collapse of FTX, an event that sent reverberations around crypto markets, has come under congressional scrutiny, a senior House Republican confirmed to The Block. “T...
U.S. House committee to hold hearing on FTX collapse and crypto fall out
The House Financial Services Committee will hold a hearing next month on FTX’s collapse and the broader implications for the digital asset industry. The committee says it expects to hear from “t...
Crypto-friendly Emmer wins key House leadership post
An outspoken proponent of digital assets just won a high-ranking post in Congress. Rep. Tom Emmer, R-Minn., won the race for House GOP whip, according to multiple reports. The Minnesota congres...
Democrats hold Senate, House still too close to call
Democrats will keep control of the Senate after tight races in Arizona and Nevada were called for the party, but as vote counting continues in several races, control of the U.S. House of Representativ...
The House Stablecoin Bill Should Foster Innovation And Competition, Not Squash Them
House Financial Services Committee Chairwoman Maxine Waters, of Calif., right, speaks as ranking … [+] member Rep. Patrick McHenry, R-N.C., listens during a hearing of the House Financial Servic...
House Republicans press Fed on digital dollar
Republicans on the House Financial Services Committee want more information from the Federal Reserve System on a potential US Central Bank Digital Currency, ahead of a deadline set by President Joe Bi...
Fate of stablecoin bill in doubt as House Financial Services Committee misses key deadline
The much talked-about but never resolved stablecoin bill still is not ready to see the light. With this Congress coming to a close and August recess beginning in days, the bill’s odds of becomin...
House lawmakers prep bipartisan stablecoin bill to unveil next week
Members of the House of Representatives are working to get a stablecoin bill together for a markup meeting next Wednesday. Democrats of the House Financial Services Committee are holding a member cal...
Federal Housing Policies Make It Easier To Get A Loan But Not Be A Homeowner
Investment risk and uncertainty in the real estate housing market getty Last week I testified at the House Financial Services Committee hearing Boom and Bust: Inequality, Homeownership, and the Long-T...