Tagged: maxine waters

August 29, 2019 @ 1:33 am By Cali Haan  |  

After kicking up an unprecedented uproar from global regulators, Facebook appears to be pressing on full steam with development of Libra, the company’s proposed global cryptocurrency network. Facebook has now announced a “bug bounty” program that “reflects the Libra Association’s principles of openness, transparency, and global… Read More

August 25, 2019 @ 11:39 am By JD Alois  |  

Congresswoman Maxine Waters, the Chairwoman of the influential House Financial Services Committee, has issued a statement on her Bipartisan trip to Switzerland to learn more about Facebook’s plan to launch a stablecoin dubbed Libra. Facebook has incorporated Libra in the crypto-friendly jurisdiction of Switzerland like… Read More

July 20, 2019 @ 12:10 pm By JD Alois  |  

This past week much of the Fintech news was dominated by hearings in Congress addressing Facebook’s plan to launch a global, blockchain-based, payments platform using a stablecoin, of sorts, as a foundation. This global currency, which may be able to challenge sovereign currency, is said… Read More

July 10, 2019 @ 3:19 pm By JD Alois  |  

The House Financial Services Committee welcomed Fed Chair Jerome Powell today to share his perspective on the state of the US economy and his opinion on the effectiveness of monetary policy. While Powell’s prepared remarks kicked off a bit of a rally on Wall Street… Read More

July 9, 2019 @ 10:59 pm By JD Alois  |  

Tomorrow, the Federal Reserve Chair Jerome Powell will spend a good amount of time in front of the House Financial Services Committee. The following day, Powell will experience a similar round of questions at the Senate Banking Committee. Powell is certain to endure a standard… Read More

July 9, 2019 @ 5:18 pm By Cali Haan  |  

The CEO of Facebook’s cryptocurrency project, David Marcus, has written to assure the powerful US House Financial Services Committee that Facebook is proceeding with caution as it works to launch Libra. Five members of the Committee, including its Chair, Maxine Waters, sent a letter to… Read More

July 3, 2019 @ 9:04 pm By Cali Haan  |  

Five US House Representatives have submitted a letter to Facebook asking the company to, “immediately agree to a moratorium on any movement forward on Libra- its proposed cryptocurrency and Calibra- its proposed digital wallet.” The letter was forwarded by the powerful House Financial Services Committee… Read More

June 18, 2019 @ 10:47 pm By JD Alois  |  

Representative Maxine Waters, Chairwoman of the powerful House Financial Services Committee issued the following statement in the wake of Facebook’s cryptocurrency announcement today. Facebook’s “Libra” is a stablecoin created from a basket of assets but the ecosystem also has the ability to create smart contracts… Read More

June 18, 2019 @ 5:45 pm By JD Alois  |  

Several US politicians have issued statements critical of Facebook’s new cryptocurrency – Libra. Officially announced today, Libra is first a payment platform but Facebook has much bigger ambitions with the crypto. Facebook views it as a step in the direction of redefining financial services. US… Read More

May 9, 2019 @ 11:45 am By JD Alois  |  

The House Financial Services Committee under the leadership of Congresswoman Maxine Waters, Chairwoman of the Committee, has announced the creation of a Task Force on Financial Technology or Fintech and a Task Force on Artificial Intelligence (AI). These two specific topics have emerged in importance… Read More

March 23, 2019 @ 1:30 pm By JD Alois  |  

This week, the House Financial Services Committee issued a note on upcoming hearings scheduled to take place in early April. Amongst the group are several interesting topics for the realm of Fintech. On Tuesday, April 9 at 10AM the Subcommittee on Consumer Protection and Financial… Read More

February 7, 2019 @ 12:26 pm By JD Alois  |  

The House Financial Services Committee is one of the most powerful Congressional committees on the Hill. The Committee oversees not only the entire financial services industry but its policy portfolio also includes other overlapping responsibilities such as Housing, entrepreneurship and international financial organizations. Last election… Read More

January 15, 2019 @ 8:25 am By JD Alois  |  

The definition of traditional banking continues to crumble as SoFi continues to extend invitations to their new bank-like service. Finally, I have received an email saying the wait is over. SoFi, a Fintech that started out as a student loan provider, has since morphed and… Read More

July 17, 2018 @ 7:43 pm By JD Alois  |  

The JOBS and Investor Confidence Act (HR 6380), also called JOBS Act 3.0, is a grouping of 32 business friendly bills put together in a bipartisan effort to actually get something done. House Financial Services Committee Chair Jeb Hensarling stated; “Without a steady stream of small… Read More

July 17, 2018 @ 4:50 pm By JD Alois  |  

In a profound act of bipartisanship, Representative Jeb Hensarling, Chairman of the powerful House Financial Services Committee, and Representative Maxine Waters, ranking member on the Committee, have joined together on a series of bills that are designed to “help America’s small businesses and entrepreneurs and to… Read More

August 28, 2017 @ 3:21 pm By JD Alois  |  

Congresswoman Maxine Waters, the ranking Democrat on the powerful House Financial Services Committee, published a letter last week directed toward thes Chairman of the Federal Deposit Insurance Corporation (FDIC). Representative Waters asked the Chairman to hold at least one public hearing on the application by… Read More

June 16, 2016 @ 9:12 pm By JD Alois  |  

HR 4855, or the Fix Crowdfunding Act, was approved by the House Financial Services Committee on a solidly bipartisan vote of 57-2.  The bill, sponsored by Congressman Patrick McHenry, was created in response to multiple shortcomings intrinsic to existing Title III or Reg CF investment… Read More

June 10, 2016 @ 2:00 pm By JD Alois  |  

Wefunder, one of the active participants in the Reg CF crowdfunding space, has published a comment letter directed towards Representatives Jeb Hensarling and Maxine Waters in support of the Fix Crowdfunding Act (HR 4855).  The two are powerful legislators in the House of Representatives. Hensarling… Read More

March 3, 2016 @ 10:00 pm By JD Alois  |  

OTC Markets Questions Monopoly Model for Venture Exchange. The House Financial Services Committee has been busy once again with a slew of proposed laws designed to improve the environment for smaller companies.  One of the bills on the list for the Committee yesterday (March 2,… Read More

January 18, 2016 @ 11:12 am By JD Alois  |  

A bill has been weaving its way through the Congressional process and it is one that is due in large part to Crowdfund Insider Senior Contributor Sam Guzik.  HR 3784 was introduced into the House Financial Services Committee in October of last year. It received… Read More