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.
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.
In the letter sent to SEC Chair Gary Gensler, four U.S. lawmakers urged the commission to end its alleged discriminatory stance against spot ETPs and call for the immediate approval of the listing.
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.
Stablecoins were front and center in the House of Representatives' Financial Services Committee hearing last Wednesday, and some of the opinions voiced were more than a little unstable.
