House Financial Services Committee


Policy

State of Crypto: The US Government Keeps Mentioning Terrorism

Congress is holding a hearing on financing for domestic terrorism this week. What role will bitcoin play?

Treasury Secretary Janet Yellen has brought up crypto's use in terrorism on three different occasions since Jan. 6, 2021.

Policy

Robinhood CEO May Testify Before US House Committee Over GameStop Allegations

Vlad Tenev will likely appear before a U.S. virtual hearing as lawmakers investigate the firm's recent trading restrictions, a Politico report says.

U.S. Capitol, Washington, D.C.

Policy

US Congress Plans Hearings on GameStop Market Pumps

While Congress is planning multiple hearings, it's less clear what financial regulators might do.

GameStop's share price rose to nearly $500 on Thursday.

Policy

Waters Tells Biden to Rescind OCC Crypto Guidance; May Be Part of Anti-Trump, Anti-Crypto Offensive

The head of the House Financial Services Committee wants President-elect Biden to to rescind guidance by the OCC that national banks may hold stablecoin reserves as a service to bank customers.

U.S. Representative Maxine Waters, who chairs the House Financial Services Committee

Policy

Infosec Exec Urges US Lawmakers to Tighten Crypto Regs Over Pandemic-Driven Scams

Cryptocurrencies should be regulated more stringently, a VMWare security executive told U.S. lawmakers, citing a rise in cybercrime during the pandemic.

Tom Kellermann, head of cybersecurity strategy at VMWare, addresses a virtual hearing of the House Financial Services Subcommittee on National Security. (Sandali Handagama/CoinDesk)

Policy

US Fed Chair Says Private Entities Should Not Help Design Central Bank Digital Currencies

Federal Reserve Chairman Jerome Powell said central banks should design and implement CBDCs, not private entities.

Federal Reserve Chairman Jerome Powell

Policy

Digital Dollar? Get Real, Financial Inclusion Advocates Tell Congress

Currently just a flashy idea, the digital dollar is competing with duller but proven methods for the job of getting stimulus funds to every U.S. resident.

(Shutterstock, modified using Photomosh)

Policy

WATCH: US Lawmakers Talk Digital Dollar, FedAccounts in Thursday Hearing

The “digital dollar” concept takes the spotlight Thursday as House Financial Services Committee members discuss how best to issue stimulus funds.

Credit: Shutterstock (modified using PhotoMosh)

Markets

Zuckerberg: Facebook Would Quit Libra if the Association Launched Prematurely

Facebook's CEO told lawmakers the company would pull out of the Libra Association if the consortium launched its cryptocurrency without regulatory approvals.

Rep. Brad Sherman (D-Calif.) created a "Zuck Buck" graphic to describe his view of Libra. (House Financial Services Committee)

Markets

How to Watch Mark Zuckerberg's Grilling in Congress Today

Facebook's Mark Zuckerberg will be testifying before lawmakers on Libra and more later today. Watch the livestream here.

(Image via Shutterstock)