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Rep. French Hill Eyes Financial Services Committee Leadership Amid Crypto Focus
Arkansas Rep. French Hill is poised to assume leadership of the House Financial Services Committee, bringing a crypto-savvy perspective to the role.
US Lawmaker Mike Collins' $65K Ethereum Investments: Navigating Ethics and Market Dynamics
Rep. Mike Collins discloses purchasing up to $65,000 in Ethereum in early 2024, amid market surges and political events. His actions, while legal under the STOCK Act, raise questions about ethical implications and the need for stricter regulations in lawmakers' digital asset investments.
Congressional Memo Challenges SEC's SAB 121
Congress members question the enforceability of the Securities and Exchange Commission's Staff Accounting Bulletin 121, arguing it deviates from standard accounting practices, misrepresents custodians' responsibilities, and increases consumer risk.
China to Strengthen Artificial Intelligence Development with New Legislation
China has included a draft AI law in its legislative agenda for the State Council in 2023, which will be reviewed by the National People's Congress.
US Congress needs to take control of crypto legislation
Blockchain Association CEO Kristin Smith said crypto regulation is occurring "behind closed doors" and asked for a more collaborative and "transparent approach."
US Representative Tom Emmer Introduces Legislation to Limit Fed
Representative Tom Emmer presented the "CBDC Anti-Surveillance State Act" to encourage financial privacy and CBDC transparency.
Alabama Senator Tommy Tuberville reintroduces legislation allowing United States 401k
Senator Tommy Tuberville proposed legislation to reverse Department of Labor regulation on 401(k) investments, including crypto.
What the U.S. Congress Decides on Crypto Will Ultimately Overstepping their authority
Jake Chervinsky, the Blockchain Association's chief policy officer, criticized the SEC's enforcement-based regulation and urged Congress to regulate the sector.
Many Lawmakers and Witnesses Call for hearing exploring the crash of the crypto market
At a Senate Banking Committee meeting dubbed "Crypto Fall," financial professionals and politicians discussed how to address the crypto market crash.
SEC Chair Gary Gensler Called Out by House Representatives Over FTX
Former FTX CEO Sam Bankman-Fried was supposed to appear before the House Financial Services Committee in December. Lawmakers are questioning his arrest.