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Capitol Hill
Fed Chair Powell Says Stablecoin Regulations Need Central Bank Oversight
Federal Reserve Chair Jerome Powell testified on Capitol Hill Wednesday, saying "we do see payment stablecoins as a form of money." Powell further underscored the significance of central banks as the "ultimate source of credibility in money" in all advanced economies. He also argued for the need for strong central bank oversight in stablecoin regulations being crafted by lawmakers in the House Financial Services Committee.
Key Takeaways From Senate Hearing on AI Oversight
Artificial intelligence (AI) took center stage on Capitol Hill on Tuesday, as industry leaders testified before lawmakers about the potential risks and opportunities at a Senate subcommittee hearing. Gary Marcus, professor emeritus at New York University, who was also one of three witnesses to testify, discusses the key takeaways from the hearing and the future of AI regulation.
Custodia Bank CEO on Washington’s 'Misguided' Crypto Crackdown
In a recent blog post, Custodia Bank Founder and CEO Caitlin Long shares her concerns about the politics of digital assets on Capitol Hill. Long wrote in part, "Washington’s misguided crackdown will only push risks into the shadows, leaving regulators to play whack-a-mole as the risks continuously pop up in unexpected places."
Sen. Ted Cruz Proposes Capitol Hill Vending Machines Accept Crypto
Sen. Ted Cruz (R-Texas) has proposed requiring vendors on Capitol Hill to accept cryptocurrency as payment. "The Hash" panel discusses Cruz's latest pro-crypto advocacy and the implications for crypto on Capitol Hill.
O senador Ted Cruz quer que as máquinas de venda automática do Capitólio aceitem Cripto
Se a resolução do senador do Texas for aprovada, seus colegas do Congresso e visitantes do Capitólio poderão comprar algumas Pringles com Bitcoin enquanto trabalham até tarde.
Crypto Regulation Around the Globe
Bitwise Asset Management General Counsel and Chief Compliance Officer Katherine Dowling shares insights on crypto regulation and how new rules coming from Capitol Hill could potentially impact other parts of the globe.
How House Speaker Drama May Impact Crypto Regulation This Year
The U.S. House of Representatives still has yet to elect a speaker after failing on six attempts in the past two days of voting. Blockchain Association Director Of Government Relations Ron Hammond discusses the potential outcome and what that could mean for this year's crypto agenda on Capitol Hill. Plus, his take on the regulatory impact of FTX's fallout and Binance.US reportedly ramping up lobbying efforts in Washington, D.C.
Rep. Jim Himes Reacts to FTX Fallout
Newly re-elected Congressman Jim Himes reacts to the possible Binance takeover of FTX, given Sam Bankman-Fried's role as a large donor in this election cycle. "He spent a lot of time on Capitol Hill in a really important role ... educating the Congress," Himes says of Bankman-Fried. Plus, Himes compares the FTX fallout to the "ultimate meltdown" of the internet in the early 2000s.
What the Proposed FTX-Binance Deal Means on Capitol Hill
Crypto exchange Binance agreed to buy FTX after its rival suffered a liquidity crisis. Kristin Smith of the Blockchain Association, a Washington, D.C.-based lobbying group, discusses the impact of the potential sale on Capitol Hill and how it could shape the future crypto regulation.
Rep. Warren Davidson on Crypto's Role in Politics, Future of Regulation
Ahead of Tuesday's U.S. midterm elections, Rep. Warren Davidson (R-Ohio) discusses the role of blockchain technology on Capitol Hill, also breaking down key crypto legislation to watch. Where is the future of the U.S. crypto regulatory landscape headed? Plus, the outlook for stablecoins and why they would be a "much better alternative than a central bank digital currency (CBDC)."