Tagged: senate banking committee

July 30, 2019 @ 1:28 pm By JD Alois  |  

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

July 27, 2019 @ 2:10 pm By JD Alois  |  

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

July 19, 2019 @ 10:58 am By JD Alois  |  

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

July 16, 2019 @ 2:10 pm By JD Alois  |  

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

July 16, 2019 @ 10:20 am By JD Alois  |  

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

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

May 11, 2019 @ 4:20 pm By Cali Haan  |  

US Senators Mike Crapo and Sherrod Brown have sent an open letter to Facebook CEO Mark Zuckerberg asking him to provide information on the company’s much-anticipated and highly-secretive “Libra” cryptocurrency project. So far, little is known publicly about the project, although reporting at Bloomberg indicates… Read More

December 17, 2018 @ 10:54 am By JD Alois  |  

Last week, the Securities and Exchange Commission (SEC) Chair Jay Clayton addressed the Senate Banking Committee. His testimony was a routine trip to Capitol Hill when Chair Clayton is expected to update Congress on their regulatory initiatives and any challenges. Topics included the declining IPO… Read More

February 4, 2018 @ 6:38 pm By JD Alois  |  

The Senate Committee on Banking, Housing and Urban Affairs will be holding a hearing on cryptocurrencies this Tuesday. Entitled, Virtual Currencies: The Oversight Role of the U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission, this will be a Hearing to watch as both… Read More

April 14, 2017 @ 8:05 am By JD Alois  |  

Financial Innovation Now (FIN) has submitted their recommendations to Senators Crapo and Brown, the Chair and Ranking Member on the Senate Banking Committee, as to how best to improve Economic Growth. The proposals follow a public request by the two Senators asking members of the public… Read More

March 23, 2017 @ 9:54 am By JD Alois  |  

THE COMMITTEE ON BANKING, HOUSING, AND URBAN AFFAIRS will meet in OPEN SESSION to conduct a hearing entitled, “Fostering Economic Growth: The Role of Financial Companies.” The witnesses will be: The Honorable Robert Heller, Former Governor, Board of Governors of the Federal Reserve System; The… Read More

March 23, 2017 @ 9:24 am By JD Alois  |  

  The Senate Banking Committee, Chaired by Senator Mike Crapo, is set to hold the nomination hearing this morning regarding the appointment of Jay Clayton as SEC Chair.  The hearing will be live-streamed on the Committee’s website beginning at 930AM. Clayton, a longtime corporate attorney,… Read More

February 9, 2014 @ 6:47 am By JD Alois  |  

Securities and Exchange Commission (SEC) Chair Mary Jo White testified before the Senate Banking, Housing & Urban Affairs Committee this past week.  In her prepared comments, entitled “Oversight of Financial Stability and Data Security“, she addressed a litany of challenges and initiatives presently being addressed… Read More