House Financial Services Committee


Policy

State of Crypto: Congress Is Holding 3 Hearings Today, Here's What to Expect

Congress is holding three simultaneous hearings around cryptocurrencies today – and they're all on different types of use cases.

Congress is holding so many hearings that touch on crypto today.

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Fed's Powell Says Stablecoins Need Stricter Regulation

CoinDesk's Nikhilesh De reacts to Fed Chair Jerome Powell's comments to the House Financial Services Committee on the need to regulate stablecoins like bank deposits and money market funds. "The big question now is whether that will lead to any actual concrete regulations beyond just conversation," De said.

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UK Binance Users Locked Out From Faster Payments System

In a letter to its U.K. customers, Binance said Monday that any pound sterling withdrawals or transactions on the platform via the Faster Payments network would not be processed. CoinDesk’s Nikhilesh De weighs in on what this means for Binance and its users.

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Policy

State of Crypto: Yes, We're Still Talking About Regulatory Clarity

An expressed desire for regulatory clarity in the U.S. isn’t new. But there’s increasing pressure for lawmakers and regulators to define just what sorts of digital asset activities are all right.

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Videos

Key Takeaways From House Financial Services Committee's Crypto Hearing

CoinDesk's Nikhilesh De has the key takeaways from Wednesday's hearing hosted by a subcommittee of the U.S. House Committee on Financial Services regarding crypto trading. "All the witnesses circle around the idea that we need more regulatory clarity in the U.S.," De said.

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‘Crypto Frenzy’: What to Expect From Wednesday’s House Financial Services Committee Hearing

A subcommittee of the House Committee on Financial Services will host a hearing on Wednesday titled, “America on FIRE: Will the Crypto Frenzy Lead to Financial Independence and Early Retirement or Financial Ruin?” CoinDesk's Nikhilesh De sheds light on what to expect. Plus, Binance facing regulatory warnings in several countries and whether this is indicative of a larger global policy shift around regulating crypto exchanges.

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Markets

House Democrats Form Cryptocurrency Working Group

The announcement came in a hearing about central bank digital currencies.

Rep. Maxine Waters, (D-Calif.) is creating a working group to evaluate cryptocurrencies.

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House Financial Services Committee to Hold Hearing on Central Bank Digital Currency

Several crypto-related hearings are scheduled in the U.S. Congress this month. The first is being held Tuesday by the House of Financial Services Committee regarding central bank digital currencies (CBDCs). The White House is also reportedly unveiling a national strategy for countering domestic terrorism.

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Videos

Capitol Hill Hearings in June: Central Bank Digital Currencies (CBDCs), Ransomware Attacks and More

CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De on what to expect from the upcoming house financial services committee hearings this month.

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Policy

SEC Chair Gary Gensler Recommends Congress Regulate Crypto Exchanges

“There’s really no protection around fraud or manipulation,” Gensler said in his first public hearing since taking the reins at the agency.

SEC Chair Gary Gensler appeared before Congress for the first time since being confirmed to his role running the federal securities regulator.