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House Financial Services Committee
Lawmaker Wants Treasury Secretary Yellen to Delay Crypto Tax Provision
Rep. Patrick McHenry (R-N.C.), a top Republican on the House Financial Services Committee, wants the U.S. Treasury Department to delay implementing the crypto tax provisions in last year's Infrastructure Investment and Jobs Act until there is further clarity on who's covered by the bill. "The Hash" panel discusses the latest in the world of crypto regulation.
Hiniling ng Incoming House Financial Services Committee Chair kay Secretary Yellen na Iantala ang Crypto Tax Provision
REP. Patrick McHenry. na namumuno sa komite noong Enero, ay nagpahayag ng kanyang mga alalahanin sa isang liham kay Treasury Secretary Janet Yellen.
U.S. Attorney for SDNY Announces Charges Against Sam Bankman-Fried
Damian Williams, the United States Attorney for the Southern District of New York, announced that former FTX CEO Sam Bankman-Fried was charged in an 8 count indictment that includes allegations of fraud, money laundering, and campaign finance offenses. Plus, in testimony before the U.S. House Financial Services Committee, new FTX CEO John J. Ray III said FTX embezzled customer funds.
FTX's New CEO: 'This Is Really Old-Fashioned Embezzlement'
John J. Ray III, FTX's replacement CEO said in testimony before the U.S. House Financial Services Committee, "This is really old-fashioned embezzlement ... This is just taking money from customers and using it for your own purpose." Freshfields Bruckhaus Deringer Partner Timothy Howard breaks down the latest legal developments, citing his experience working at the United States Attorney’s Office for the Southern District of New York.
Sam Bankman-Fried's Leaked Testimony Shows What the Former CEO Planned on Telling Lawmakers: Report
In Sam Bankman-Fried's prepared testimony he planned to deliver to the U.S. House Financial Services Committee Tuesday morning, he said "I would like to start by formally stating, under oath: I f---ed up," according to multiple published reports. "The Hash" panel discusses what to make of Bankman-Fried's remarks.
Sam Bankman-Fried Agrees to Testify Before Lawmakers
Sam Bankman-Fried, former CEO of bankrupt crypto exchange FTX, has said in a tweet that he'll testify before the House Financial Services Committee at a Dec. 13 hearing. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses what to expect from the meeting and insights on SEC's letter that urges companies to disclose crypto damage to investors.
Siniguro ng mga Republican ang US House Majority, Lilipat ng Path para sa Crypto Bills
Ang mga resulta mula sa halalan sa US noong Nob. 8 ay nakita sa wakas na ang mga Republican WIN ng hindi bababa sa 218 na puwesto, na hinahati ang kontrol sa Kongreso dahil ang pangangailangan para sa batas ng Crypto ay tumataas.
Temasek to Write Off up to $300M Invested in FTX; House Committee to Hold Hearing on FTX Collapse
Genesis Global Trading's lending arm is temporarily suspending redemptions and new loan originations. Singapore's state investment fund Temasek is preparing to write off between $200 million and $300 million invested in FTX. The House Financial Services Committee will hold a hearing into FTX next month. Sam Bankman-Fried, Tom Brady and other FTX promoters have been sued. Genesis and CoinDesk both operate under Digital Currency Group.
House Financial Services Committee Seeking Crypto Industry’s Diversity and Inclusion Data
Congresswoman Maxine Waters (D-Calif.), chairwoman of the House Committee on Financial Services, alongside several other House democrats on the committee, wrote to the 20 largest crypto companies operating in the U.S. requesting details on their diversity and inclusion practices. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses the details.