Tagged: senate banking committee

SEC Chairman Gensler Grilled by Republicans on Senate Banking Committee, Ranking Member Toomey Supports Regulatory Clarity for Crypto

SEC Chairman Gary Gensler marched up to Capitol Hill yesterday to testify in front of the Senate Banking Committee in a hearing entitled “Oversight of the U.S. Securities and Exchange Commission”.  Gensler outlined his ambitions at the SEC in his prepared remarks. While Gensler received… Read More

SEC Chairman Gensler on Crypto Asset Markets: It’s More Like the Wild West, “Rife with Fraud”

Tomorrow (September 14, 2021), SEC Chairman Gary Gensler will testify in front of the Senate Banking Committee. The hearing is a periodic meeting for the Committee and is entitled “Oversight of the U.S. Securities and Exchange Commission”. In prepared testimony, Gensler focuses much attention on investor… Read More

SEC Chairman Gary Gensler to Testify Before Senate Banking Committee, Expect a Lot of Discussion on Fintech, Digital Assets

Next week, Securities and Exchange Commission (SEC) Chairman Gary Gensler will testify before the US Senate Banking Committee. The routine hearing is about the “Oversight of the U.S. Securities Exchange Commission,” but you may anticipate a good amount of testimony on issues surround Fintech and,… Read More

Senate Banking Crypto Hearing: Senator Warren Says Crypto is Dangerous for Our Financial System

The Senate Banking Committee held a hearing today on cryptocurrency aptly titled Cryptocurrencies: What are they good for? And as one may anticipate, the questions and support of digital asset innovation largely fell along party lines. For the witnesses, there were representatives from Coin Center, Filecoin,… Read More

US Senate Banking Committee Holds Hearing on Crypto Today

The US Senate Banking Committee will hold a hearing later this morning entitled Cryptocurrencies: What are they good for? The individuals testifying in front of the Committee include: Professor Angela Walch, Professor of Law, St. Mary’s University School of Law, Research Associate, UCL Centre for… Read More

Senator Sherrod Brown, Chair of Senate Banking Committee, Presses OCC on Crypto Bank Charters Putting Fintech Innovation at Risk

Earlier today, US Senator Sherrod Brown, Chairman of the Senate Banking Committee,  issued a statement challenging the Office of the Comptroller of the Currency (OCC) to review federal bank charters approved for digital asset firms. In the last year of the Trump Administration, the OCC… Read More

Policy Proposal to Boost Economic Growth Includes Online Capital Formation, Digital Assets and More

US Capitol Hill Washington DC

Earlier this year, Senator Pat Toomey, the ranking member of the Senate Banking Committee, issued a call for policy proposals that could boost economic growth. Key policy moves designed to generate more jobs and improve prosperity are always needed – even more so on the… Read More

Gensler’s and Chopra’s Nominations to SEC and CFPB Move to Full Senate for Vote

Last week, the Senate Banking Committee voted to 14-10 to move forward with Gary Gensler’s nomination as the Chairman of the Securities and Exchange Commission. On the same day, the vote was taken on Rohit Chopra and his nomination as Director of the Consumer Financial… Read More

Senate Banking Committee Hearing: “Who Wins on Wall Street? GameStop, Robinhood, and the State of Retail Investing”

The Senate Banking Committee will hold a hearing today on the GameStop/Reddit/Robinhood saga entitled; “Who Wins on Wall Street? GameStop, Robinhood, and the State of Retail Investing.” The hearing is scheduled to commence at 10AM. The hearing will review the concerted effort by individuals chatting on… Read More

Nomination Hearing Today for Gary Gensler for SEC Chairman, in Prepared Remarks Gensler States: “Markets—and technology—are always changing. Our rules have to change along with them”

Gary Gensler, selected by President Joe Biden to become the Chairman of the Securities and Exchange Commission (SEC), is having his nomination hearing today in the Senate Banking Committee. If approved, Gensler will take the helm of the Commission and perhaps see it through a… Read More

Call to Action: Senate Banking Committee Member Requests Proposals to Boost Economic Growth, Capital Formation

Senate Banking Committee Ranking Member Pat Toomey has issued a request for proposals to help foster economic growth and capital formation. The proposal may end up as legislation that is designed to increase economic growth and job creation. Senator Toomey stated: “I am announcing this… Read More

Never Waste a Crisis: Incoming Chairman of Senate Banking Committee to Hold Hearing on GameStop – Reddit Phenomenon

  Senator Sherrod Brown, the incoming Chairman of the Senate Banking Committee, will be holding a hearing on the GameStop – Reddit phenomenon, according to a tweet. Senator Brown said it was time for the SEC and Congress to make the economy work for everyone… Read More

SEC Chairman Jay Clayton Testifies in Front of Senate Banking Committee

Securities and Exchange Commission (SEC) Chairman Jay Clayton spent his morning today (December 10, 2019) testifying in front of the Senate Committee on Banking, Housing, and Urban Affairs. In prepared testimony (embedded below), Chair Clayton addressed multiple issues including those that impacting regulatory modernization as… Read More

Strategic Consultant to US Senate: Crypto Miners and Issuers Should Abide by Bank Secrecy Act

The vice-president of the Financial Integrity Network, a strategic advisory firm to governments, global and regional banks and other institutions, has advised that all entities in the cryptocurrency production and distribution chain be brought under the auspices of the Bank Secrecy Act. According to Search… Read More

Senate Hearing on Blockchain & Crypto: Still Questions but Less Hostility (as No Facebook Presence)

The US Senate Banking Committee held a hearing today entitled Examining Regulatory Frameworks for Digital Currencies and Blockchain. The Hearing is part of an ongoing process of education and understanding regarding the emerging digital asset ecosystem and the technology that supports it. Earlier this month,… Read More

Senate Banking Committee Schedules Hearing on Digital Currencies, Blockchain & Regulation: CEO of Circle Jeremy Allaire to Testify

Next Tuesday, the US Senate Committee on Banking will hold its next crypto-focused hearing. Earlier this month, the same Committee held a hearing on Facebook’s proposed stablecoin, Libra. The Committee struggled with the concept largely due to the lack of trust regarding Facebook’s profound abuse… Read More

US Senate Banking Committee Schedules Hearing on Cannabis and Banking

The US Senate Banking Committee will hold a hearing to discuss the emerging legal cannabis industry and the challenges with banking. In the US, legalization of Cannabis, whether it is for medical or recreational use, has been a slapdash state by state affair. Federal legalization… Read More

Senate Hearing: “I wish we could trust Facebook, it is pretty clear there is nobody on this committee that does.” David Marcus Hit with Skepticism Regarding Facebook’s Libra Cryptocurrency

The Senate Banking Committee held a hearing today where David Marcus, Head of Facebook’s cryptocurrency project Libra, took the stand to explain and defend the company’s intent for their payments and blockchain ecosystem. While some US Senators are keen on supporting Fintech innovation in the… Read More

Here is David Marcus’s Prepared Testimony Defending Facebook & Libra for Senate Banking Committee Hearing

Embedded below is David Marcus’s prepared testimony for the Senate Banking Committee hearing on Facebook’s Libra. “Facebook will not offer the Libra digital currency until we have fully addressed regulatory concerns and received appropriate approvals,” assured Marcus to the Senators in attendance. His testimony today… Read More

Inside the Beltway: July is a Busy Month for Fintech in DC

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

Send this to a friend