ZEN INVESTING
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.
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.
Senate Banking Committee to Hold Second Hearing on Crypto Market Crash
The Senate Banking Committee's second hearing of the 118th Congress will discuss digital asset protection.
Senate Banking Committee to Develop Bipartisan Regulatory Framework for Cryptocurrencies
The Senate Banking Committee, led by Sherrod Brown and Tim Scott, may regulate crypto in the upcoming Congress.
US senators write to Silvergate Capital for answers on FTX collapse
Senators Elizabeth Warren, Roger Marshall, and John Kennedy stated Silvergate had not adequately addressed its improper management of FTX customer cash.