Former FTX CEO Sam Bankman-Fried won’t appear before Congress on Tuesday after all, considering his arrest, disappointing the head of the House Financial Services Committee and piquing curiosities acr...
Tag: Maxine Waters
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&...
Maxine Waters Is Prepared To Subpoena Sam Bankman-Fried
Maxine Waters, chair of the House Financial Services Committee, tweeted on Thursday that plans to subpoena fallen crypto celebrity Sam Bankman-Fried to testify at the FTX hearing on Dec. 13 are still ...
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 ...
Bankman-Fried Puts Off House Testimony on FTX
Former FTX CEO and founder Sam Bankman-Fried (SBF) said Sunday he would be willing to testify before congress, but would need to finish learning about the implosion of his crypto empire before he comm...
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...
Rep. Davidson says ‘outside chance’ of stablecoin bill this year, likely next year with GOP majority
Congress has a shot at finalizing stablecoin legislation this year, says Congressman Warren Davidson, despite midterm elections in November breaking up the legislative calendar. “There’s an outside ch...
Draft stablecoin bill in Congress to require Fed, state regulator approval
Draft legislation to create a U.S. federal framework around stablecoins would temporarily ban the types of payment coins that are not backed by outside assets — similar to TerraUSD, an algorithmic sta...
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...
‘We need legislation’ on stablecoins
Stablecoins should be “appropriately regulated” to play a role in the financial system, Federal Reserve Board Chair Jerome Powell said on Thursday. “We need legislation on this,” Powell said. “There i...
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...
Lawmakers race to release draft of stablecoin bill ahead of August recess
US House of Representatives lawmakers could introduce draft text of a stablecoin bill as early as this week, a last-ditch effort to keep regulation front-of-mind ahead of the August recess. Lawmakers...
Maryland House primary winner promises ‘even-handed’ crypto regulation
The crypto industry is one step closer to landing a new potential ally in Congress after Maryland Democrat Glenn Ivey won a congressional primary on Tuesday night. Ivey defeated former Rep. Donna Edwa...