house financial services committee

The involvement of President Donald Trump’s family in the cryptocurrency industry was creating problems in the progression of a bill designed to regulate the sector, a senior Democratic legislator said on Wednesday. What Happened: The House Financial Services Committee hearing, focused...

Rep. Maxine Waters (D-Calif.), a key Democrat and ranking member of the House Financial Services Committee, reportedly plans to walk out of a joint hearing on cryptocurrency policy scheduled for Tuesday. What Happened: Waters intends to walk out with at least several Financial Services Democrats...

The House Financial Services Committee held a hearing Tuesday to discuss the need for stablecoin regulation and the harmful impacts of a U.S. Central Bank Digital Currency. What Happened: The hearing was led by Chairman Rep. French Hill (R-AR) and was titled “Examining...

Editor’s Note: The headline in this story has been updated to correct a spelling error. Strategy Inc. (NASDAQ:MSTR) co-founder Michael Saylor said Thursday that he met House Financial Services Committee Chair Rep. French Hill (R-AR) and discussed plans to make the U.S. the global leader in...

Federal Reserve Chair Jerome Powell painted a very clear picture of what needs to happen before the central bank lowers rates during the second day of testimony in front of Congress. What To Know: Powell kicked off his semiannual testimony before the Senate Banking Committee on Tuesday. He began...

During a House Financial Services Committee hearing, U.S. Treasury Secretary Janet Yellen urged Congress to introduce specific legislation aimed at the cryptocurrency market to address potential risks not covered by current financial laws. What Happened: Yellen stressed the need for regulatory...

Republican representatives from the House Financial Services Committee have expressed concerns over the Federal Reserve's recent interventions in the cryptocurrency sector. In a letter addressed to Fed Chair Jerome Powell, Committee Chair Patrick McHenry (R-NC) stated that the Fed...

Jerome Powell, Chair of the Federal Reserve, on Wednesday, acknowledged the enduring nature of cryptocurrencies as a category of assets. In a hearing with the House Financial Services Committee, he shared his perspective during a discussion that initially centered on the Federal Reserve's...

Securities and Exchange Commission (SEC) Chair Gary Gensler faces a potential subpoena if the regulator does not deliver information pertaining to the charges filed against Sam Bankman-Fried. House Financial Services Committee Chair Rep. Patrick McHenry (R-NC) and Rep....

U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler is set to appear before the House Financial Services Committee on April 18 to face questions regarding his approach to rule-making and digital assets. The SEC chairman’s stance on cryptocurrencies has been a topic of...

Federal Reserve Chair Jerome Powell came off hawkish in testimony to Congress this week, noting the Fed is aware that continued high inflation is causing significant hardships. What Happened: "We have covered a lot of ground, and the full effects of our tightening so far...

On Friday, the House Financial Services Committee released a report on the 2021 stock market drama surrounding Reddit’s WallStreetBets, the trading app Robinhood Markets Inc (NASDAQ: HOOD), trading firm Citadel Securities and high-flying stocks like GameStop Corp. (NYSE: GME). What...

The call for members of Congress to be banned from buying and selling stocks continues to heat up with a new report that seven members of the House of Representatives failed to disclose their stock trades. What Happened: An ethics group found that seven U.S. House of Representatives members...

On Thursday, Congress is taking its first crack at sorting through the stock market drama surrounding Reddit’s WallStreetBets, the trading app Robinhood, hedge fund Citadel Securities and high-flying stocks like GameStop Corp. (NYSE: GME). What Happened? The House Financial Services Committee...

The pro-company Trump administration and Republicans are moving full throttle to unfetter companies, held back by myriad rules and regulations. In one such move, Republican Sen. David Perdue introduced a resolution on February 1 to provide for Congressional disapproval for the rule submitted by...