The House of Representatives Financial Services Committee held its annual hearing of the Treasury's FinCEN and the Office of Terrorism and Financial Intelligence, looking at terrorism-related financing with some talks on digital assets.
US Treasury plans to release its 2024 National Strategy for Combatting Terrorist and Other Illicit Finance, which will be based on the 2024 National Risk Assessments.
Rep. Maxine Waters wrote to Mark Zuckerberg asking what the Meta plans to do with five digital asset and blockchain-related trademark filings lodged with the U.S. Patent and Trademark Office in 2022.
House Financial Services Chair McHenry reiterates commitment to stablecoin regulation amid shutdown threat, highlighting bipartisan support for 2023's Clarity for Payment Stablecoins Act.
SEC Chair Gary Gensler attended a House hearing, where he was slammed for "choking off" the digital asset sector, quizzed about BTC, spot ETPs, and ongoing court cases against exchanges.
The U.S. House Financial Services Committee has approved the CBDC Anti-Surveillance State Act, which will now be put before the House of Representatives.
The U.S. Fed warned any state banks dealing with digital asset “Dollar Tokens,” or stablecoins, to obtain a written “supervisory nonobjection” before issuing, holding, or transacting in them.
The U.S. bipartisan bills would give the Commodity Futures Trading Commission power over digital commodities and clarify the Securities and Exchange Commission's jurisdiction.
The Government Accountability Office says these gaps create risks for investors as no regulator has the authority to oversee tokens that aren’t securities—it wants interagency cooperation.
The U.S. House of Representatives Financial Services Committee advanced two bills that could now be sent to the House floor for a full vote: the HR4766 and HR4841.
Gary Gensler took a jab from Rep. Patrick McHenry after claiming that the 'crypto' market is noncompliant with the law, with the latter saying that the SEC hasn't even clarified the statute of digital assets.
The bill has undergone several amendments, and the latest would protect Americans from a Terra-like collapse by banning "endogenously collateralized" tokens.
