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Congress
Wall Street Bank CEOs Tell Congress They’re Unlikely to Finance Crypto Miners
The chief executives of Citigroup, Bank of America and Wells Fargo were questioned Wednesday at a congressional hearing.
US Stablecoin Bill Negotiations Wrestled Over Digital Dollar Approval: Source
The House’s stablecoin oversight legislation is poised for release, but won’t include a controversial CBDC request – just a new study.
Digital Dollar Likely Won't Be Part of Retail Banking World, US Lawmaker Says
White House reports on central bank digital currencies "point the way" but Congress still has to pass legislation on these issues, Congressman Jim Himes told CoinDesk.
Rep. Jim Himes on Future of Crypto Regulation
CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De speaks with Rep. Jim Himes (D-Conn.) about the White House’s latest framework for digital assets. The Congressman also weighs in on the future of a U.S. central bank digital currency (CBDC) and the potential timeline for crypto regulation legislation in Congress.
Rep Himes: ‘Notable Momentum’ in Washington on Crypto Regulation
CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses the key takeaways from his recent interview with Rep. Jim Himes (D-Conn.) about his reaction to the White House's framework for digital assets. Plus, why Meta CEO Mark Zuckerberg's introduction of his Libra crypto project to Congress was "catastrophic."
House Republicans Want Answers From Fed on Digital Dollar
Rep. Patrick McHenry and others from the House Financial Services Committee sent a letter demanding clarity from Fed Vice Chairwoman Lael Brainard on the topic.
House’s Stablecoin Bill May Face Fatal Delays for 2022 Progress
Internal plans to release a draft by this week were put off as the factions remain too far apart in negotiations, sources say.
US Congressman Wants Consumer-Protection Answers From Agencies, Crypto Firms
A subcommittee chairman from the House Oversight Committee sent letters to Binance, Coinbase and other firms questioning them on how they guard against fraud.
Crypto Advocate Michelle Bond Loses Primary Bid for Congress
Michelle Bond lost her primary bid to be the Republican congressional candidate for her New York district. CoinDesk's Global Policy & Regulation Managing Editor Nikhilesh De discusses what this means for crypto candidates across the country. Plus, what to expect from Voyager's bankruptcy hearing.
Rep Tom Emmer Asks Treasury Department to Explain Tornado Cash Sanctions
U.S. Congressman Tom Emmer (R-Minn.) asked the Treasury Department’s Office of Foreign Asset Control (OFAC) to explain its sanctioning of crypto mixer Tornado Cash in an open letter tweeted Tuesday. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses the details.