Tagged: house financial services committee

October 19, 2023 @ 11:45 am By JD Alois  |  

The House Financial Services Committee has added several new hearings to the October calendar. As was previously reported, the Committed has already scheduled several hearings, even while the House is missing a Speaker, and the Committee Chair, Patrick McHenry, may end up as Speaker Pro-Tem…. Read More

October 17, 2023 @ 9:48 pm By JD Alois  |  

The House Financial Services Committee has announced several upcoming hearings on various issues. On Tuesday, October 24, the Capital Markets Subcommittee will hold a hearing entitled: “Examining the SEC’s Agenda: Unintended Consequences for U.S. Capital Markets and Investors.” The same day, the Financial Institutions &… Read More

September 27, 2023 @ 10:14 am By JD Alois  |  

In the minutes before the testimony by SEC Gary Gensler in front of the House Financial Services Committee, the leadership has distributed a letter pounding Chair Gensler on the “cumulative impact” of the SEC’s rulemakings during his tenure. The Republican leadership demands that Gensler “ahalt… Read More

September 27, 2023 @ 9:55 am By JD Alois  |  

  Today, commencing shortly, SEC Chair Gary Gensler will testify in front of the House Financial Services Committee. You can expect a good grilling of Chair Gensler as the Republic-controlled Committee has pushed against his aggressive rule-making agenda that has propelled the SEC into the… Read More

September 25, 2023 @ 12:05 pm By JD Alois  |  

Securities and Exchange Commission Chair Gary Gensler will traverse up to Capitol Hill this week to testify in front of the House Financial Services Committee in what could be a fairly robust hearing. The hearing memo includes a litany of issues that Chair Gensler is… Read More

September 21, 2023 @ 8:47 am By JD Alois  |  

The House Financial Services Committee has approved multiple bills, which may now move to a floor vote. Included in the roster of legislation is the “CBDC Anti-Surveillance State Act” (HR 5402). Majority Whip Tom Emmer, a longtime digital asset supporter, sponsored this bill. The bill… Read More

September 12, 2023 @ 2:58 pm By JD Alois  |  

The House Financial Services Subcommittee on Digital Assets, Financial Technology, and Inclusion has posted the witnesses on its forthcoming hearing on a digital dollar. Entitled the Digital Dollar Dilemma: The Implications of a Central Bank Digital Currency and Private Sector Alternatives, the hearing is paired… Read More

September 7, 2023 @ 4:26 pm By JD Alois  |  

The House Financial Services Committee has announced a hearing on the digital dollar or Central Bank Digital Currency (CBDC), held by the Subcommittee on Digital Assets, Financial Technology (Fintech), and Inclusion. Scheduled to take place on Thursday, September 14 at 2PM ET, the hearing is… Read More

August 28, 2023 @ 12:52 pm By JD Alois  |  

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

August 16, 2023 @ 12:47 pm By JD Alois  |  

Yesterday, Republicans on the House Financial Services Committee revealed a letter sent to both the Chair of the SEC, Gary Gensler, and the President of FINRA, Robert Cook. The letter was addressing the relationship with Prometheum, a broker-dealer that aims to provide digital asset services…. Read More

August 15, 2023 @ 2:50 pm By JD Alois  |  

The Chair of the House Financial Services Committee, Representative Patrick McHenry, along with other Committee Republicans, have sent a letter to the Chair of the SEC, Gary Gensler, as well as the FINRA President Robert Cook, questioning the relationship with Prometheum and the approval for… Read More

August 7, 2023 @ 9:55 am By JD Alois  |  

PayPal (NASDAQ:PYPL), a top publicly traded Fintech, has announced the launch of a dollar-based stablecoin. According to a company statement, PayPal USD or PYUSD is a fully backed digital asset that holds cash, short-term US Treasuries, and similar assets issued in partnership with Paxos, a… Read More

July 26, 2023 @ 10:39 pm By JD Alois  |  

The Financial Innovation and Technology for the 21st Century Act (FIT Act), comprehensive legislation designed to create a new regulatory approach for digital assets, was approved by the House Financial Services Committee today. The legislation is now ready for a potential floor vote of the… Read More

July 26, 2023 @ 12:14 pm By JD Alois  |  

The House Financial Services Committee is holding a markup hearing today for several bills of interest. At the top of the list is the Financial Innovation and Technology for the 21st Century Act (FIT Act) – legislation that aims to define a regulatory approach for… Read More

July 25, 2023 @ 8:22 am By JD Alois  |  

The Clarity for Payment Stablecoins Act of 2023 (HR 4766) will be discussed in a markup hearing today of the House Financial Services Committee. During the hearing, the language of the bill will be reviewed, and additional amendments may or may not be added before… Read More

July 21, 2023 @ 10:21 am By JD Alois  |  

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

July 14, 2023 @ 6:34 pm By JD Alois  |  

Representative Patrick McHenry, Chairman of the House Financial Services Committee, and Representative GT Thompson, Chairman of the House Agriculture Committee, have jointly issued a statement on the court ruling this week regarding the SEC’s lawsuit against Ripple and its issuance of XRP. McHenry and Thompson… Read More

July 11, 2023 @ 4:52 pm By JD Alois  |  

The House Financial Services Committee has announced several new hearings for next week. The Capital Markets Subcommittee is holding a hearing Entitled: “Oversight of the SEC’s Division of Corporation Finance” Time: 10:00 AM ET Date: Tuesday, July 18, 2023 Place: 2128 Rayburn House Office Building… Read More

June 29, 2023 @ 11:43 am By JD Alois  |  

The House Financial Services Committee, under the leadership of Republicans, has sent another letter to SEC Chairman Gary Gensler – this time blasting Gensler for ignoring a previous missive. The Chairman of the Committee, Patrick McHenry, the Chairman of the House Judiciary Committee, Jim Jordan,… Read More

June 13, 2023 @ 7:56 pm By JD Alois  |  

DealMaker has emerged as a top online capital formation platform providing services to enable the primary issuance of securities across the full stack of crowdfunding exemptions. This includes Reg CF, Reg A+, and Reg D. At the same time, due to its base of operations… Read More