Tagged: patrick mchenry

October 5, 2022 @ 12:30 pm By JD Alois  |  

Representative Patrick McHenry, ranking Republican on the House Financial Services Committee, along with Representative French Hill and members of the Republican Digital Asset Working Group, have sent a letter to the US Department of Justice requesting an assessment on whether or not legislation is needed… Read More

September 28, 2022 @ 7:57 am By JD Alois  |  

Congressman Patrick McHenry, the ranking Republican on the House Financial Services Committee, has announced a “capital formation agenda.” McHenry said that Republicans want to bring the issue “back to the forefront” helping small businesses and entrepreneurs. McHenry said that capital formation is a vital to… Read More

September 22, 2022 @ 4:38 pm By JD Alois  |  

Several House Republicans have sent a letter to SEC Chairman Gary Gensler challenging his authority to demand climate disclosure reports from firms as well as other proposed rules, including ESG ambitions and areas like SPACs. Republican members of the House, including the top Republican on… Read More

June 21, 2022 @ 4:01 pm By JD Alois  |  

Senator Cynthia Lummis and Representative Patrick McHenry, along with several other elected representatives, have sent a letter to Michael Regan,  the Administrator ot the Environmental Protection Agency (EPA), telling the official to consider the benefits of crypto mining before considering any regulation that could impact… Read More

April 15, 2022 @ 4:26 pm By JD Alois  |  

Former Ripple advisor, Michael Barr has been nominated by President Joe Bident to become the Vice-Chair for Supervision of the Federal Reserve. The selection was announced by the White House earlier today. According to the administration, Barr is currently the Joan and Sanford Weill Dean… Read More

April 5, 2022 @ 10:38 am By JD Alois  |  

Today, at 2:30 PM ET, Congressman Patrick McHenry, the ranking Republican on the House Financial Services Committee, will be hosting a roundtable to mark the 10th anniversary of the Jumpstart Our Business Startups (JOBS) Act of 2012. The JOBS Act legalized securities crowdfunding including, Reg CF,… Read More

March 21, 2022 @ 5:00 pm By JD Alois  |  

Today the Securities and Exchange Commission (SEC) proposed new rules to compel publicly traded firms to disclose climate-related information. The policy shift has long been anticipated and messaged by the Commission under the leadership of Chairman Gary Gensler. According to the SEC, new rules would… Read More

March 9, 2022 @ 7:58 am By JD Alois  |  

As was widely anticipated, the White House has posted an Executive Order targeting digital assets and cryptocurrencies. In a statement the White House explained their goal: “The rise in digital assets creates an opportunity to reinforce American leadership in the global financial system and at… Read More

February 10, 2022 @ 5:44 pm By JD Alois  |  

Earlier this week, the House Committee on Financial Services held a hearing on stablecoins or digital assets tied to fiat currency. The Hearing was driven by the recent report by the President’s Working Group (PWG) on Financial Markets. While stablecoins are not (yet) systemically worrisome,… Read More

January 27, 2022 @ 10:57 am By JD Alois  |  

Representative Patrick McHenry has joined with Representative Tim Ryan demanding that Secretary of the Treasury Janet Yellen clarify digital asset reporting requirements. McHenry is the ranking member on the House Committee on Financial Services and Ryan is a Democrat. The two are the original co-sponsors… Read More

January 25, 2022 @ 8:54 pm By JD Alois  |  

The House Committee on Financial Services has posted the February hearing schedule and digital assets are on the list. According to an email from the Committee on February 8, 10 AM ET, a hearing will be held entitled “Digital Assets and the Future of Finance:… Read More

January 24, 2022 @ 6:02 pm By JD Alois  |  

Congressman Patrick McHenry, the ranking member on the House Financial Services Committee, has sent a public letter to Congresswoman Maxine Waters, Chair of the House Financial Services Committee, requesting they work together to allow digital assets to “flourish.” Both Representatives have recently issued public statements… Read More

January 20, 2022 @ 8:56 pm By JD Alois  |  

Earlier today the US Federal Reserve announced a discussion paper seeking feedback on the possibility of a digital dollar. Central bank digital currencies, or CBDCs, are being reviewed by central banks around the world as policymakers aim to uncover if digital currency issued by governments… Read More

January 10, 2022 @ 10:25 am By JD Alois  |  

Senator Pat Toomey and Representative Patrick McHenry have sent a letter to SEC Chairman Gary Gensler criticizing his decision to limit comment periods on proposed rulemaking. McHenry is the Ranking Member on the House Committee on Financial Services and Toomey is the Ranking Member on… Read More

December 8, 2021 @ 10:07 pm By JD Alois  |  

Earlier today (December 8, 2021), the House Financial Services Committee held a hearing on digital assets. As was previously reported, the witnesses included top crypto executives and thus provided the opportunity for a unique discussion between House members and crypto entrepreneurs. Chairwoman of the Committee,… Read More

November 17, 2021 @ 5:35 pm By JD Alois  |  

The Office of the Comptroller of the Currency (OCC), an independent bureau under the US Department of Treasury, is the lead bank regulator in the US. Managed by the Comptroller of the Currency, it is a key federal agency in approving or denying national bank… Read More

November 15, 2021 @ 4:08 pm By JD Alois  |  

Central Bank Digital Currency (CBDC) is a hot policy topic in the US as well as the rest of the world. Many developed countries are reviewing the potential as well as the potential pitfalls for a CBDC. China is already testing a digital yuan live… Read More

November 6, 2021 @ 2:18 pm By JD Alois  |  

The infrastructure bill (H.R.3684) is on its way to becoming law. After a circuitous legislative path that saw extreme left legislative vote against the bill while several Republicans helped to push it across the finish line, a pinnacle of the Biden Administration’s legislative ambitions is… Read More

November 1, 2021 @ 8:22 pm By JD Alois  |  

Congressman Patrick McHenry, the ranking member on the House Financial Services Committee, has issued a statement regarding President’s Working Group on Financial Markets (PWG) report on stablecoins. McHenry has long been supportive of innovation in financial services and recently he, along with Congressmen Tom Emmer… Read More

October 27, 2021 @ 5:49 pm By JD Alois  |  

Representatives Patrick McHenry and James Comer have sent a letter to the Postmaster General slamming the US Postal Service’s “hidden” financial service pilot program. McHenry is the ranking Republican on the House Committee on Financial Services. Comer is the ranking Republican on the House Committee… Read More