Tagged: house financial services committee

House Subcommittee on Financial Institutions and Consumer Credit to Hold Hearing on Fintech and Financial Markets

US Capitol Hill Washington DC

The House Subcommittee on Financial Institutions and Consumer Credit, part of the Financial Services Committee, has announced a hearing  entitled “Examining Opportunities for Financial Markets in the Digital Era.” Of course finance + digital equals Fintech. The hearing is in response to a report issued… Read More

The ‘‘Financial Technology Protection Act’’ to be Discussed during House Committee Meeting on July 24th

On July 24th, the House Financial Services Committee will consider legislation entitled the ‘‘Financial Technology Protection Act’’ (HR 5036). This bill, along with several others, will be discussed in front of the full Committee. The Act is described as seeking: “To establish an Independent Financial Technology… Read More

Congressional Hearing on The Future of Money & Crypto: “These Innovations Should be Fostered Not Smothered”

The Monetary Policy Subcommittee, part of the House Financial Services Committee, held a hearing today addressing the emerging world of cryptocurrencies. Over the past several months, several Congressional committees have held similar hearings as policy makers seek to better understand crypto and perhaps hinder, or… Read More

Congressional Hearing Entitled “The Future of Money: Digital Currency” Updates on Witnesses

The Subcommittee on Monetary Policy and Trade, part of the House Financial Services Committee, has updated the information on the forthcoming hearing entitled “The Future of Money: Digital Currency.” The Hearing, which will be live streamed on the Committee web site, will include the following… Read More

Monetary Policy and Trade Subcommittee Schedules Hearing on “The Future of Money: Digital Currency” 

The House Financial Services Committee, Subcommittee on Monetary Policy and Trade has scheduled a hearing entitled “The Future of Money: Digital Currency”. The hearing will take place on Wednesday, July 18, 2018 2:00 PM. There is no additional information at this time as to who… Read More

Secretary of the Treasury Steven Mnuchin to Testify Before House Financial Services Committee

Steven Mnuchin, the US Secretary of the Treasury, will testify before the House Financial Services Committee tomorrow (July 12) at 10AM ET. According to the Committee memo, Mnuchin may be expected to discuss: any progress made in reforming the International Monetary Fund (IMF) the status… Read More

House Financial Services Subcommittee Hearing on “Countering the Financial Networks of Weapons Proliferation”

The House Financial Services Subcommittee on Terrorism and Illicit Finance has updated on witnesses for the hearing entitled “Countering the Financial Networks of Weapons Proliferation.” The hearing will take place this Thursday, July 12, 2018, at 2:00 p.m. According to the Subcommittee, the following witnesses… Read More

House Financial Services Committee Schedules Hearing: Countering the Financial Networks of Weapons Proliferation

The House Financial Services Committee has scheduled a hearing entitled “Countering the Financial Networks of Weapons Proliferation.” The Hearing will take place on July 12th at 2PM ET and will be live streamed on the Committee’s website. While the Hearing memo is yet to be released… Read More

Testimony Provided by SEC Chair Jay Clayton Appears to Indicate Ethereum Not Being a Security is Commission Policy, Not Opinion

Earlier this month, the crypto markets quivered with repressed joy and moved higher when Securities and Exchange Commission (SEC) Director of Corporate Finance, William Hinman, declared that Ethereum is not a security. ETH advocates breathed a sigh of relief. Hinman stated; “And putting aside the… Read More

House Financial Services Subcommittee Schedules Hearing on Illicit Use of Cryptocurrencies

The House Financial Services Subcommittee on Terrorism and Illicit Finance, has scheduled a hearing on June 20th on the topic of “Illicit Use of Virtual Currency and the Law Enforcement Response.” This is an important topic that impacts all cryptocurrencies so expect wide viewership from… Read More

House Financial Services Committee Schedules Hearing with OCC Chief Joseph Otting to Discuss Financial Industry Regulation

The House Financial Services Committee has scheduled a hearing entitled “Financial Industry Regulation: the Office of the Comptroller of the Currency.” The hearing, which will involve the Comptroller of the OCC Joseph Otting, will take place on Wednesday, June 13 at 10AM ET at the Rayburn… Read More

SEC Chair Jay Clayton & CFTC Chair J. Christopher Giancarlo to Testify Before Senate Committee On Appropriations Subcommittee on Budget Requests

CFTC Chair J. Christopher Giancarlo and SEC Chair Jay Clayton will be visiting Capitol Hill together once again to testify before a Senate Subcommittee. This time, Clayton and Giancarlo will be testifying before the Senate Committee On Appropriations Subcommittee on Budget Requests, tomorrow (June 5, 2018)… Read More

House Financial Services Committee Updates on March 14th Hearing on Cryptocurrencies and Initial Coin Offerings

As Crowdfund Insider shared last week, the House Financial Services Committee, Subcommittee on Capital Markets, Securities, and Investment will hold a hearing entitled “Examining Cryptocurrencies and ICO Markets.” The Hearing will take place at Rayburn House Office Building in Washington, DC but the proceedings will… Read More

House Financial Services Committee Schedules Hearing on Cryptocurrencies and ICOs

The House Financial Services Committee has scheduled a Hearing on “Examining the Cryptocurrencies and ICO Markets.” The Hearing will take place on March 14th at 10AM and  should be live streamed on the Committee website. Details are thin for the moment but as soon as we… Read More

Reg A+ May Soon Allow Companies to Raise Up to $75 Million

The House Financial Services Committee has been rather busy of late. The powerful Committee led by Chair Jeb Hensarling has been pushing through legislation at a brisk pace. Next Tuesday (November 14th), the Committee has over 20 bills to consider. One of the bills, HR… Read More

House Financial Services Committee Schedules Hearing on Access to Capital

The House Financial Services Committee, Subcommittee on Capital Markets, Securities, and Investment, has scheduled a hearing to discuss, “Legislative Proposals to Improve Small Businesses’ and Communities’ Access to Capital”. This hearing, which will be live streamed on the HFSC site, is scheduled to take place… Read More

House Financial Committee to Consider Over 20 Bills Next Week

The House Financial Services Committee has scheduled a hearing for next Wednesday, October 11 with an entire battalion of bills to consider. The more than twenty bills include several interesting acts of legislation.  Included on the list is a fix to the onerous definition of… Read More

SEC Chairman Jay Clayton says ICOs Have Some Good But Also New Avenue for Fraud

The Chairman of the Securities and Exchange Commission, Jay Clayton, visited with the House Financial Services Committee today. In his prepared remarks and along with subsequent questioning, Clayton aptly defended the importance of capital formation and the need to have a robust Initial Public Offering… Read More

House Committee Mentions Cryptocurrency Use by Terrorists

The House Financial Services Committee, Terrorism and Illicit Finance Subcommittee, held a hearing yesterday to analyze strategies to combat financial backing of lone-wolf and small-scale terrorist attacks. As part of the discussion the usage of using cryptocurrencies as a method for transferring funds was addressed…. Read More

Point of View: Regulating The Fintech Revolution

What was previously a relatively innocuous industry sector, the financial technology (or “Fintech”) industry has exploded over the past few years. With the litany of new Fintech startups and existing Fintech businesses, and even Fintech specific incubators and accelerators popping up, the Fintech revolution is… Read More

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