US House hearing pumps CFTC, dumps SEC, achieves little
The new bill aims to carve out clearly defined roles for both the CFTC and the SEC and stop the fight between these two agencies on who takes the lead in regulating digital assets.
Latest Patrick McHenry News
New Republican digital asset framework introduces strict definitions for ‘decentralization’
Republican lawmakers have revealed a proposed digital asset bill that intends to clarify the responsibilities of the SEC and the CFTC in regulating the digital asset industry.
US House hearing on stablecoins highlights divided approach to regulation
The hearing is part of renewed attempts by lawmakers to reach a consensus on a bill that would address stablecoin regulation after earlier attempts broke down.
Republicans to SEC’s Gensler: Leave ‘crypto’ alone!
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.
SEC’s accounting policy puts digital asset investors at greater risk, US lawmakers say
Two Republican legislators wrote to the Fed, OCC, and FDIC, criticizing SAB 121 which was released a year ago; they say it places customers at greater risk.
US officials to meet with ‘crypto’ crooks to discuss European regulations
Apart from the planned meeting with EU officials on the MiCA regulations, U.S. authorities will also hold talks with controversial digital asset firms, including Binance, Ripple, and Coinbase.
House Financial Services Committee announces key subcommittee Chairs
Patrick McHenry, Chairman of the House Financial Services Committee, announced his appointments for Chairs of the committee's subcommittees.
The CoinGeek Pulse Episode 74: Biden to release Executive Order on digital assets, Ethereum says no to ETH 2.0, MusicArt NFT Marketplace launches
Three music industry executives have come together to launch a ground-breaking NFT marketplace platform, MusicArt, boosting exclusive pieces from art rock icons and new artists alike.
New bill calls for joint SEC and CFTC digital assets working group
The group would be formed of representatives from both regulators, as well as a number of non-government stakeholders, including from firms that work with and research new emerging technologies.
US Rep. Patrick McHenry joins Jimmy Nguyen in Blockchain Policy Matters premiere episode
In Bitcoin Association’s new show, Blockchain Policy Matters, Founding President Jimmy Nguyen will be talking to senior lawmakers about how they view blockchain technology.