Federal Regulations Remain Under Fire After Supreme Court’s CFPB Ruling

pymnts.com decision by the Supreme Court to uphold the funding mechanism of the Consumer Financial Protection Bureau (CFPB) has been hailed as a victory for supporters of robust…

Warren expresses support for SEC’s controversial SAB 121 bulletin

cryptoslate.com Senator Elizabeth Warren described support for the SEC’s Staff Accounting Bulletin (SAB) 121 during a senate hearing on May 16. Warren asserted that the bulletin, which…

Bill Raising Asset Thresholds for Banking Regulations Heads to House Vote

pymnts.com The House Financial Services Committee (HFSC) voted Thursday (May 16) to advance a bill that would raise the asset thresholds for several regulations covering banks from $10…

Crypto Industry Rallies Behind House Bill As it Heads Toward Final Vote

coindesk.com None A wide swath of the crypto industry signed a letter to the top lawmakers in the U.S. House of Represenatives, explaining why they should get behind the Financial…

US lawmakers vote in favor of repealing controversial SEC accounting rules for crypto

cryptoslate.com The US Senate voted in favor of repealing the SEC’s Staff Bulletin 121 (SAB 121) on May 16. In all, 60 Senators voted in favor of HJ Res. 109, a resolution to overturn the…

Supreme Court Ruling on CFPB Paves Path for Open Banking, Lending Rulemaking

pymnts.com Reading the Thursday (May 16) Supreme Court ruling upholding the constitutionality of the Consumer Financial Protection Bureau’s funding mechanisms — and ensuring the…

Representatives, Senators Urge Regulators to Make Financial Data More Accessible

pymnts.com Members of Congress from both houses and both parties sent a letter Tuesday (May 14) to the heads of eight federal financial regulatory agencies, urging them to implement…

Democrats cheer after Supreme Court rejects challenge to consumer bureau

thehill.com Democrats and financial industry critics celebrated Wednesday after the Supreme Court rejected a challenge to the Consumer Financial Protection Bureau's (CFPB) funding…

Top New York regulator Adrienne Harris optimistic about a federal stablecoin deal

fortune.com As Congress continues to debate the future of crypto regulation, one state regulator is waiting for the federal government to catch up. The New York Department of Financial…

Supreme Court Rules CFPB Funding Mechanism Constitutional

pymnts.com The Supreme Court ruled Thursday (May 16) that the Consumer Financial Protection Bureau’s (CFPB) funding mechanism is constitutional. This decision reversed a lower court…

The Morning Risk Report: More Workers Are Cheating on Drug Tests

createsend.com Good morning. Workers are cheating on drug tests at the highest rate in more than 30 years, according to one of the U.S.’s largest drug-testing labs. • Rising numbers: The…

Paul Ryan Advocates Stablecoin Regulation to Tackle U.S. Debt Crisis

coinpedia.org The post Paul Ryan Advocates Stablecoin Regulation to Tackle U.S. Debt Crisis appeared first on Coinpedia Fintech News Former U.S. House Speaker Paul Ryan supports…

Toxic Atmosphere At FDIC Spurs Calls For Chair's Resignation

zerohedge.com Toxic Atmosphere At FDIC Spurs Calls For Chair's Resignation Authored by Philip Wegmann via RealClearPolitics, The White House did not offer their full faith and credit to…

Ex-Speaker Paul Ryan Sees Stablecoin Legislation as Key to Economic Stability

coingape.com Former U.S. House Speaker Paul Ryan has expressed strong support for stablecoins, suggesting that their regulation could be pivotal in addressing the nation’s economic…

Former House Speaker Paul Ryan Says Stablecoins Could Be Worth “Trillions” Once Regulated

cryptonews.com Paul Ryan – the 54th speaker of the United States House of Representatives – has emerged as a major proponent of stablecoins, with a bright outlook on what regulation could…

U.S. House's McHenry Says Senate May Be Swayed if Many Democrats Back Crypto Bill

coindesk.com The result of next week's expected vote on U.S. legislation to regulate the cryptocurrency industry will strongly influence the odds the U.S. Senate gets on board, said Rep.…

FDIC's Gruenberg rebuffs bipartisan calls for his resignation as new banking rules loom

aol.com FDIC Chair Martin Gruenberg rebuffed bipartisan calls to resign during a heated House hearing Wednesday, as lawmakers pressured him about a report that revealed a toxic…

Senate predicted to overturn SAB 121 in vote Thursday, Hill sources say

blockworks.co The US Senate plans to vote on Joint Resolution 109 on Thursday, and sources on and around Capitol Hill say they believe the measure will draw enough Democrat support to…

McHenry bashes FDIC chief for ‘hubris’ attending hearing despite calls to resign

thehill.com Embattled Federal Deposit Insurance Corp. (FDIC) Chair Martin Gruenberg took the hot seat in front of the House Financial Services Committee on Wednesday morning following a…

House Republicans demand FDIC chairman resign after toxic workplace report

axios.com Rep. Patrick McHenry (R-N.C.), chair of the House Financial Services Committee, called on embattled FDIC chairman Martin Gruenberg to resign at a contentious hearing…

As a landmark crypto bill nears a floor vote, the House digital assets chair sees a path forward

aol.com Last July was a watershed moment for the crypto industry in D.C., as the House Financial Services Committee advanced two pieces of legislation—a stablecoin bill and a market…

Social media spurred the last banking crisis. Can it prevent the next one?

aol.com When Silicon Valley Bank teetered on the brink of collapse in March 2023, all eyes turned to social media. The California-based bank was a favorite of the tech industry,…

It’s time for Congress to protect the crypto henhouse

blockworks.co We find ourselves in a strange interregnum for crypto policy in the United States. On one side, Securities and Exchange Commission Chair Gary Gensler is ramping up an…

Crypto bill update: What legislation is making its way forward?

blockworks.co As the 2024 election looms, crypto-focused legislation is starting to make its way through the US House. But roadblocks in the Senate still loom. House members last week…

Crypto Faces 2 Crucial Weeks In US Congress: What You Need to Know

bitcoinist.com The next two weeks could be decisive for the crypto industry as it faces significant legislative developments in the US Congress. These developments may potentially reshape…

Big Week Ahead: US Consumer Price Index, Ethereum ETF, Crypto Regulation, SEC vs Ripple

beincrypto.com This week is key for the crypto market, as several pieces of news will show the industry players’ direction. From inflation data to legislation would affect the crypto…

Empire Newsletter: Not all ETFs buyers were created equal

blockworks.co Beating bitcoin ain’t easy Not all bitcoin ETF investors are built the same. It’s been four months since nine spot bitcoin ETFs hit US markets, alongside the conversion of…

5 lobbying fights roiling Congress

thehill.com When the Senate sent the House a massive aviation bill Thursday, one of the few remaining targets for lobbyists flew out the window. Lobbyists have been eyeing must-pass…

US House Committee Joins Mark Cuban in Criticizing SEC, Advocates for Regulatory Reform

beincrypto.com The US House Financial Committee has aligned with billionaire Mark Cuban’s critique of the Securities and Exchange Commission’s (SEC) approach to the crypto industry. In a…

FIT21 'Crypto Market Structure' Bill to Receive U.S. House Floor Vote

tftc.io The U.S. House of Representatives is gearing up for a significant vote on a bill that could establish a comprehensive regulatory framework for "digital assets." The…

Pathway cleared for US House to consider crypto regulation bill, McHenry says

dlnews.com McHenry says US House will vote on crypto regulation The House Rules Committee will consider the Financial Innovation and Technology for the 21st Century (FIT21) Act,…

US Congress to potentially vote on new legislation for crypto industry by end of May

cryptoslate.com House Financial Services Committee Chairman Patrick McHenry said new legislation that will give the crypto industry greater clarity regarding regulatory oversight is set for…

US House to Vote on Crypto Bill

pymnts.com A bill that promises regulatory clarity for digital assets has moved a step closer to a vote in the U.S. House. The House Committee on Rules said Friday (May 10) that it…

House to Vote on Combined Crypto Rules and Anti-CBDC Legislation

coingape.com House representatives are gearing up for a vote on two major bills of cryptocurrency legislation. The Financial Innovation and Technology (FIT) for the 21st Century Act and…

Crypto Nonprofit To Support Industry-Friendly Candidates

bitcoinist.com The November US elections could become a major event for the crypto industry as the government’s crackdown on the sector has created an unclear and uncertain landscape for…

U.S. House's McHenry Says Bill on Crypto Market Structure Will Get Floor Vote

coindesk.com None A bill to set out a regulatory regime for U.S. cryptocurrency markets will finally get a vote from the overall House of Representatives, said Rep. Patrick McHenry. •…

New Legislation Limits SEC Jurisdiction Over Crypto

beincrypto.com The House Committee on Rules has announced the consideration of the Financial Innovation and Technology for the 21st Century (FIT21) Act, setting the stage for a crucial…

Making Sense of the State of Crypto in 2024

pymnts.com There might be as many opinions about crypto as there are cryptocurrency tokens. And with tens of thousands of digital assets populating the crypto market, that’s certainly…

US House to Consider FIT21 Digital Assets Bill

watcher.guru The US House will review and consider a new bill that will provide “robust consumer protections and regulatory clarity for digital asset markets.” The House Committee on…

Joe Biden Is Trying to ‘Kill Crypto’, Says Cardano Creator

decrypt.co A fight over a non-binding resolution passed in the U.S. House has erupted into a broader battle, pitting the crypto industry against the Biden administration. “The Biden…

US House Opposes SEC’s Crypto Policy With New Resolution

bitcoinist.com The US House of Representatives has voted for a resolution to overturn the Securities and Exchange Commission (SEC)’s 2022 bulletin on crypto custodian accounting. US…

Senator makes Labor Secretary Julie Su squirm over sex harassment at FDIC: ‘No country for creepy old men’

nypost.com Sen. John Kennedy pushed acting Labor Secretary Julie Su on Thursday to crack down on the “creepy old men” at the Federal Deposit Insurance Corporation (FDIC) after the…

Crypto Regulation Reversal: House Acts Against SEC’s SAB 121

coinpedia.org The post Crypto Regulation Reversal: House Acts Against SEC’s SAB 121 appeared first on Coinpedia Fintech News As per the latest developments, the U.S. House of…

US House Votes to Overturn Controversial SEC Guidance for Crypto Custodians

unchainedcrypto.com The U.S. House of Representatives voted to pass a measure that would overturn the U.S. Securities and Exchange Commission’s (SEC) controversial Staff Accounting Bulletin…

House Votes to Overturn SEC Crypto Custody Rule, Senate Review Next

coinpedia.org The post House Votes to Overturn SEC Crypto Custody Rule, Senate Review Next appeared first on Coinpedia Fintech News The US House of Representatives passed a resolution…

Biden’s Veto Threat Looms Over New Crypto Regulation Bill

beincrypto.com The US House of Representatives has taken a significant step toward reshaping the regulation of digital assets by passing Representative Mike Flood’s bipartisan resolution,…

House Votes To Nullify SEC's Anti-Crypto Policy, Biden Vows To Veto

zerohedge.com House Votes To Nullify SEC's Anti-Crypto Policy, Biden Vows To Veto Authored by Tom Mitchelhill via CoinTelegraoph.com, The United States House of Representatives has voted…

Coingape: Bitcoin, Ethereum, Crypto News and Price Analysis

coingape.com The US House of Representatives passed a resolution aiming to overturn a Securities and Exchange Commission (SEC) bulletin on accounting standards for cryptocurrency…

Biden Admin To Kill Republican Bill Letting U.S. Banks Custody Crypto

cryptopotato.com A Republican-led effort to free American banks to provide crypto custody services has been shut down by the Democrat-led White House. On Wednesday, the House of…

500 Individuals Recount Discrimination, Sexual Harassment At FDIC In New 200-Page Report

zerohedge.com 500 Individuals Recount Discrimination, Sexual Harassment At FDIC In New 200-Page Report Authored by Andrew Moran via The Epoch Times, The Federal Deposit Insurance (FDIC)…

House Votes to Erase SEC Crypto Policy While President Biden Vows Veto

coindesk.com The U.S. House of Representatives voted Wednesday to approve rejecting Securities and Exchange Commission (SEC) cryptocurrency accounting guidance that the industry said has…

Biden Set to Veto Bill Allowing Financial Institutions to Custody Bitcoin

tftc.io The Executive Office of US President Joe Biden has announced its opposition to proposed legislation, H.J. Res. 109, which aims to permit highly regulated financial firms to…

Crypto Crackdown: Biden Admin Opposes Bill Challenging SEC’s SAB 121

coingape.com The Executive Office of US President Joe Biden has announced its intention to veto proposed legislation, H.J. Res. 109, which seeks to allow highly regulated financial firms…

President Biden To Veto Bill Allowing Financial Firms To Hold Bitcoin

watcher.guru President Joe Biden will veto a bill that allows financial firms to act as custodians for Bitcoin and other cryptocurrencies. The proposed legislation, H.J. Res. 109, would…

New Stablecoin Bill Draws Mixed Reactions

thedefiant.io U.S. Senators Cynthia Lummis and Kristen Gillibrand have introduced new legislation for stablecoin issuers. After months of drafting and deliberations, U.S. Senators Cynthia…

Biden administration to veto overturning of controversial SEC crypto rules

cryptoslate.com The Biden administration said on May 8 that it would veto H.J. Res. 109, which intends to overturn the SEC’s Staff Accounting Bulletin 121 (SAB 121). The administration said…