House Financial Service Committee

Legislation in the House of Representatives is on a collision course over a future U.S. central bank digital currency. (Jesse Hamilton/CoinDesk)

House Republicans want to ban U.S. CBDCs before they’re even formally proposed by the Federal Reserve, but one senior Democrat is pitching a bill that goes the other way.

By Jesse Hamilton

Sep 14, 2023 at 4:24 p.m. UTC

Sep 14, 2023

RegulationsLegislationHouse Financial Service CommitteeCBDCsDigital Dollar

Video

Amazon

Lawmakers Spar over Stablecoin Bill; Amazon Dives Deeper into Web 3

Coin Desk Daily host Jennifer Sanasie dives into today’s hottest stories in crypto as Financial Services Committee Chair Patrick Mc Henry R NC points to the White House for derailing progress on stablecoin legislation Plus a new report from Crystal Blockchain provides an update on the role of crypto donations in Ukraine’s fight against Russia [...]

By CoinDesk Staff

Jul 27, 2023 at 7:17 p.m. UTC

Jul 27, 2023

AmazonWhite HouseHouse Financial Service CommitteePatrick McHenryBlockchain Association of UkraineCd daily

Securities and Exchange Commission Chair Gary Gensler (Kevin Dietsch/Getty Images)

Finance

Prometheum

Crypto Lobbyists Ask SEC for Info on Prometheum, the Mysterious 'Regulated' Crypto Firm

The registered exchange backed Gary Gensler’s viewpoint in front of Congress. But now it's in the hot seat.

By CoinDesk Staff

Jun 15, 2023 at 7:55 p.m. UTC

Jun 15, 2023

PrometheumGary GenslerSECHouse Financial Service Committee

Rep. Patrick McHenry (R-N.C.) (Suzanne Cordeiro/Shutterstock/CoinDesk)

Policy

Regulations

McHenry to U.S. SEC: Which Crypto Firms Have Tried to Register?

Rep. Patrick McHenry, who heads the House Financial Services Committee, accused the SEC of stonewalling questions on digital assets, so he threatened another hearing.

By Jesse Hamilton

May 11, 2023 at 8:00 p.m. UTC

May 11, 2023

RegulationsHouse Financial Service CommitteelawmakersSECSecurities and Exchange Commission

U.S. Sen. Cynthia Lummis (left) and Rep. Patrick McHenry (Shutterstock/CoinDesk)

Policy

Regulations

U.S. House Will Have Crypto Bill in 2 Months: Rep. McHenry

Rep. Patrick McHenry said the House Financial Services Committee and the Agriculture panel will meet jointly in May as they work on crypto legislation.

By Amitoj Singh

Apr 28, 2023 at 10:32 p.m. UTC

Apr 28, 2023

RegulationslawmakersCynthia LummisPatrick McHenryHouse Financial Service CommitteeCongressUnited StatesConsensus 2023House Agriculture Committee

Policy

Legislation

US House Republicans to Set Up Crypto Committee to Oversee Shaky Industry: Report

The new subcommittee on digital assets, financial technology and inclusion will be chaired by Rep. French Hill (R-Ark.)

By Nelson Wang

Jan 12, 2023 at 9:03 p.m. UTC

Jan 12, 2023

LegislationHouse Financial Service CommitteeCongressRegulationUS

FTX CEO John Ray III testifies in the U.S. House Financial Services Committee about the company's collapse. (U.S. House Financial Services Committee)

Finance

Regulations

With Founder Facing Charges, New CEO Says FTX Embezzled Customer Cash

Sam Bankman-Fried is now a criminal defendant, and CEO John Ray III told lawmakers FTX embezzled customer funds "right in front of their eyes."

By Jesse Hamilton

Dec 13, 2022 at 4:37 p.m. UTC

Dec 13, 2022

RegulationsHouse of RepresentativesHouse Financial Service CommitteeHearingsFTX CollapseFTXUS

United States Representative for California's 43rd Congressional District Maxine Waters speaks onstage at the Women's March Foundation's National Day Of Action! The "Bans Off Our Bodies" reproductive Rights Rally at Los Angeles City Hall on May 14, 2022 in Los Angeles, California. In a leaked initial draft majority opinion obtained by Politico and authenticated by Chief Justice John Roberts, Supreme Court Justice Samuel Alito wrote that the cases Roe v. Wade and Planned Parenthood of Southeastern Pennsylvania v. Casey should be overturned, which would end federal protection of abortion rights across the country. (Photo by Sarah Morris/Getty Images)

Policy

Sam bankman-fried

House Financial Services Chief Waters Not Planning to Subpoena Sam Bankman-Fried: Report

However, Waters tweeted on Wednesday evening that "lies are circulating" that she's not willing to subpoena the disgraced former head of FTX.

By Nelson Wang

Dec 7, 2022 at 10:00 p.m. UTC

Dec 7, 2022

Sam Bankman-FriedHouse Financial Service CommitteeMaxine Waters

Questions Lawmakers Should Ask Sam Bankman-Fried: Legal Expert

Video

Cdtv

Questions Lawmakers Should Ask Sam Bankman-Fried: Legal Expert

Former FTX CEO Sam Bankman-Fried tweeted that he will testify before the House Financial Services Committee after "learning and reviewing what happened" to his insolvent crypto exchange. James Murphy, securities Lawyer and founder of law firm Murphy & McGonigle, outlines the questions he thinks lawmakers should ask SBF.

By CoinDesk Inc

Dec 5, 2022 at 4:00 p.m. UTC

Dec 5, 2022

cdtvSam Bankman-FriedFTXFM ClipHouse Financial Service CommitteeMurphy and mcgonigleJames murphy

Sam Bankman-Fried Says He Will Testify Before US Congress

Video

Cdtv

Sam Bankman-Fried Says He Will Testify Before US Congress

Former FTX CEO Sam Bankman Fried said he will testify before the House Financial Services Committee after learning and reviewing what happened following the implosion of the crypto exchange he created Murphy Mc Gonigle founder James Murphy shares his insights and legal considerations Plus the potential reasons why Bankman Fried is embarking on an unprecedented [...]

By CoinDesk Inc

Dec 5, 2022 at 4:00 p.m. UTC

Dec 5, 2022

cdtvSam Bankman-FriedFTXFM ClipHouse Financial Service CommitteeMurphy and mcgonigleJames murphy