Tagged: french hill

The STABLE Act is Officially Introduced as House Aims to Create Regulated Environment for Stablecoin Issuance

While a draft version of the Stable Act has been in circulation for some time now, the House Financial Services Committee has officially introduced the legislation, which aims to enable a regulated environment for the issuance of stablecoins. While many global jurisdictions are pursuing CBDCs… Read More

Broker Rule That Impacted Digital Assets Overturned in House of Representatives as HJ Res 25 Approved

The House of Representatives has passed HJ Res 25, which seeks to rescind the Biden Administration’s ‘Broker Rule’, which undermined digital assets. The Senate is considering an identical document, SJ Res. 25. Introduced soon after President Trump took over the White House, the Resolution will… Read More

House Financial Services Committee Leaders Ask SEC to Move to Reverse Harmful Biden Era Rules Impacting Crypto

House Finacial Services Committee leaders have sent a letter to SEC Acting Chairman Mark Uyeda asking him to reverse harmful rules impacting crypto enacted during the Biden Administration. Chairman of the Committee French Hill, Chairman of the Subcommittee on Digital Assets, Financial Technology, and Artificial… Read More

House Financial Services Committee Chairman French Hill Comments on Bitcoin Reserve, Digital Asset Stockpile

Representative French Hill, Chairman of the House Financial Services Committee, has issued a statement on the creation of a Strategic Bitcoin Reserve and Digital Asset Stockpile. These two vehicles were announced yesterday in an Executive Order signed by President Donald Trump in the run up… Read More

House Financial Services Committee Reveals Leadership Roles

The House Financial Services Committee has released leadership positions for the Committee, including Subcommittee Chairs. Following the exit of the past Chair, Patrick McHenry, Representative French Hill has taken over the leadership of the powerful Committee, which is expected to pursue legislation that supports innovation… Read More

Representative French Hill Expected to Take Over Powerful House Financial Services Committee

Representative French Hill is slated to take over the powerful House Financial Services Committee following the exit of popular Chairman Patrick McHenry. Multiple news outlets are reporting the selection of Hill, who has edged out several others interested in the chairman position. The Digital Chamber… Read More

Tokenization: Digital Securities Topic of House Financial Services Digital Asset Subcommittee

Today, the Digital Assets, Financial Technology, and Inclusion Subcommittee, part of the House Financial Services Committee, held a hearing on the tokenization of real-world assets (RWAs) and the migration to digital securities. The hearing was entitled “Next Generation Infrastructure: How Tokenization of Real-World Assets Will… Read More

House Digital Asset Legislation, the Financial Innovation and Technology for the 21st Century Act, Takes Another Step Forward

The Financial Innovation and Technology for the 21st Century (FIT21) Act is taking another step forward in a process to provide new rules to oversee the emerging digital asset ecosystem. The House Rules Committee has agreed to a floor vote, which is expected to take place… Read More

U.S. Lawmakers Challenge FDIC Over Financial Innovation Engagement

Senior members of the House Financial Services Committee have formally questioned the Federal Deposit Insurance Corporation (FDIC) over its approach towards Fintech and innovation. Committee Chairman Patrick McHenry (NC-10), along with Subcommittee Chairmen Andy Barr (KY-06) and French Hill (AR-02), addressed their concerns in a… Read More

House Financial Services Committee Republicans Tell SEC to Explain X Breach in Bogus Bitcoin ETF Announcement

Representative Patrick McHenry,  Chairman of the House Financial Services Committee, has joined the Chairman of the Subcommittee on Oversight and Investigations, Bill Huizenga, the Chairman of the Subcommittee on Digital Assets, Financial Technology and Inclusion, French Hill, and the Chairman of the Subcommittee on Capital… Read More

Insiders Comment on the SEC’s Approval of Bitcoin ETFs

As was reported earlier today, after an extended deliberation, the Securities and Exchange Commission (SEC) has approved eleven Bitcoin ETFs. CI has received multiple comments on the approval which is a seminal event for the crypto industry. Rajeev Bamra, SVP of Digital Finance at Moody’s… Read More

The SEC Approves Bitcoin ETFs

After a false start yesterday, the Securities and Exchange Commission has filed an Order granting approval for eleven spot Bitcoin ETFs to trade on national exchanges. According to the document: “NYSE Arca proposes to list and trade shares of (1) the Grayscale Bitcoin Trust3 and… Read More

Crypto Proponent Senator Cynthia Lummis Sends Letter to DOJ Telling them to Consider Charges Against Binance, Tether Regarding AML/CFT Activity

Senator Cynthia Lummis, along with Representative French Hill, have sent a letter to the US Department of Justice asking them to make a determination regarding the ongoing investigation into Binance, the largest crypto exchange in the world, along with the world’s largest stablecoin issuer Tether…. Read More

House Financial Services Committee Leadership Tell US Federal Reserve to Stop Undermining Stablecoin Legislation

Representative Patrick McHenry, Chairman of the House Financial Services Committee, along with the Chairman of the Digital Assets, Fintech Subcommittee, French Hill, and the Chairman of the Oversight and Investigations Subcommittee, Bill Huizenga, have sent a letter to US Federal Reserve Chair Jerome Powell, criticizing… Read More

Digital Asset Legislation: House Committees Introduces Financial Innovation and Technology for the 21st Century Act

The Subcommittee on Digital Assets, Financial Technology and Inclusion, part of the House Financial Services Committee, and the Subcommittee on Commodity Markets, Digital Assets, and Rural Development, part of the House Agriculture Committee, have revealed the Financial Innovation and Technology for the 21st Century Act… Read More

House Committee: “If we fail to provide a functional framework for digital assets in this country, all we’re doing is forcing this activity to happen on offshore exchanges”

Last week a hearing took place that joined the House Subcommittee on Digital Assets, Financial Technology & Inclusion with the House Agriculture Committee’s Subcommittee on Commodity Markets, Digital Assets, and Rural Development entitled “The Future of Digital Assets: Measuring the Regulatory Gaps in the Digital Asset… Read More

Three Top House Republicans Send Letters to Federal Agencies Demanding Info on Push to De-Bank Digital Asset Firms

Representative Patrick McHenry, Chairman of the House Financial Services Committee, has joined with Representatives French Hill, Digital Assets, Financial Technology, and Inclusion Subcommittee Chairman, and Bill Huizenga, Oversight and Investigations Subcommittee Chairman, to send letters to federal agencies demanding information on the move to de-bank… Read More

House Subcommittee on Digital Assets and Fintech Schedules Hearing on Stablecoins

The House Subcommittee on Digital Assets, Financial Technology, and Inclusion & Capital Markets, has scheduled a hearing to address stablecoins – digital assets which are tied to another asset such as fiat currency. The Subcommittee is part of the House Financial Services Committee. Chaired by… Read More

Republican Chair of House Financial Services Committee: Ready to Deliver on Innovation, Economic Opportunity for All

The Chair of the House Financial Services Committee, Patrick McHenry, issued a statement today as he led its Organizational Meeting for the 118th Congress. McHenry said that under his leadership, the Committee is ready to boost innovation as well as pursue policy that fosters economic… Read More

Fintech Subcommittee Chair French Hill Chats About Objectives

Earlier this month, the House Financial Services Committee announced the chairs of each subcommittee. New to the mix is the Subcommittee on Digital Assets, Financial Technology, and Inclusion.  Committee Chairman Patrick McHenry selected French Hill of Arkansas to Chair this newly minted subcommittee. In a… Read More

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