House Financial Services Committee


Policy

'We are Running Out of Time': U.S. House Democrat Urges Stablecoin Bill Compromise

Rep. Maxine Waters, the top Democrat on the House Financial Services Committee, pitched a "grand bargain" to finish a stablecoin bill this year.

U.S. Securities and Exchange Commission Chair Gary Gensler took vigorous Republican criticism on his agency's crypto record at a hearing. (screen capture, House Financial Services Committee)

Policy

SEC’s Crypto Record Rebuked by Ex-Commissioner, GOP Lawmakers in Hearing

The U.S. securities regulator took a beating in a congressional hearing that was weighted against it, with a witness list of critics calling out the SEC for its fight against crypto firms.

Former member of the U.S. Securities and Exchange Commission Daniel Gallagher testified in a House committee that the SEC rebuffed Robinhood Markets' attempt to comply with agency rules.  (photo illustration, Jesse Hamilton/CoinDesk)

Policy

U.S. House Committee Plans for Heap of Crypto Hearings in September

The House Financial Services Committee is expected to look at DeFi, U.S. enforcement and "pig butchering" in a series of hearings the panel is set to schedule for next month.

U.S. Securities and Exchange Commission Chair Gary Gensler says the agency's court loss led to bitcoin ETF approvals. (Jesse Hamilton/CoinDesk)

Policy

Patrick McHenry Explains FIT21's Passage

The House Financial Services Committee Chair spoke at Consensus 2024.

Congressman Patrick McHenry (Nikhilesh De/CoinDesk)

Policy

U.S. House Set to Vote for First Standalone Crypto Market Structure Bill

Lawmakers are set to vote on the FIT21 bill Wednesday afternoon.

House Financial Services Committee Chair Patrick McHenry (R-N.C.) (Nikhilesh De/CoinDesk)

Policy

SEC's Gensler Says House Bill Would 'Undermine' Regulator's Crypto, Capital Markets Oversight

SEC Chair Gary Gensler pushed back against the FIT21 bill hours ahead of a planned vote.

U.S. Securities and Exchange Commission Chair Gary Gensler (Jesse Hamilton/CoinDesk)

Policy

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

The House is set next week to vote on a wide-ranging bill to set crypto regulations, though its potential in the Senate remains murky, despite the optimism of its proponents.

Rep. Patrick McHenry (Jesse Hamilton/CoinDesk)

Policy

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

The legislation known as FIT21, which would set up a system to govern U.S. crypto markets, is headed toward a House vote, though that may mark the end of this effort.

U.S. Rep. Patrick McHenry got tied up as temporary Speaker of the House, distracting him from crypto legislation. (Jesse Hamilton/CoinDesk)

Policy

Crypto Mixers Targeted in U.S. House Democrats' Effort to 'Clamp Down' on Money Laundering

New legislation is on the way to target mixers as money-laundering tools, according to Rep. Sean Casten, who also highlighted Tether as the favorite token for illicit finance.

Sheila Warren writes Sam Bankman-Fried's case is a "tale as old as fraud." (Jesse Hamilton/CoinDesk)

Policy

House Republicans Demand SEC Explain What's Up With Crypto Platform Prometheum

The chairmen of two House committees want SEC Chair Gary Gensler to describe how the first special purpose crypto broker-dealer can legally handle ETH.

Coinbase is getting set to tell a judge why the U.S. Securities and Exchange Commission, under Chair Gary Gensler, has improperly picked a legal fight with the exchange. (Jesse Hamilton/CoinDesk)