House Financial Services Committee

U.S. Securities and Exchange Commission Chair Gary Gensler peppered the crypto industry with criticisms in congressional testimony. (Courtesy of the House Financial Services Committee)

Gary Gensler, while avoiding answers on bitcoin ETFs, argues in testimony that crypto firms dangerously mix assets in a way outlawed in other corners of the financial system.

Sep 27, 2023 at 9:23 p.m. UTC

Sep 27, 2023

RegulationsSecurities and Exchange CommissionCustodyETFsBitcoin ETFHouse Financial Services CommitteeCongressGary Gensler

Lawmakers from both parties are urging U.S. Securities and Exchange Commission Chair Gary Gensler to move on approving a spot bitcoin ETF. (Win McNamee/Getty Images)

U.S. House Lawmakers Push SEC’s Gensler to Approve Spot Bitcoin ETF ‘Immediately’

Members of the House Financial Services Committee – two from each party – wrote a letter to Securities and Exchange Commission Chair Gary Gensler urging ETF action.

By Jesse Hamilton

Sep 26, 2023 at 7:46 p.m. UTC

Sep 26, 2023

RegulationsBitcoinETFbitcoin spot ETFSecurities and Exchange CommissionHouse Financial Services Committee

The U.S. House Financial Services Committee has advanced a bill to oppose a U.S. central bank digital currency. (Jesse Hamilton/CoinDesk)

U.S. CBDC Efforts Opposed in Legislation Advanced by House Republicans

The House Financial Services Committee approved a bill meant to prevent a U.S. central bank digital currency.

By Jesse Hamilton

Sep 20, 2023 at 7:52 p.m. UTC

Sep 20, 2023

RegulationsCBDCLegislationHouse Financial Services CommitteeSenate Banking CommitteeDigital Dollar

Republican lawmakers are questioning Securities and Exchange Commission Chair Gary Gensler on how Prometheum got its registration. (Kevin Dietsch/Getty Images)

Republican Lawmakers Demand Gensler Tell Them How Prometheum Got SEC Approval

Patrick McHenry, the chairman of the House Financial Services Committee, rounded up all of his panel's Republicans to question the SEC and FINRA about the company’s unique status.

By Jesse Hamilton

Aug 15, 2023 at 7:06 p.m. UTC

Aug 15, 2023

RegulationsSECSecurities and Exchange CommissionGary GenslerHouse Financial Services CommitteePatrick McHenryPrometheum

The House of Representatives has been making strides in crypto legislating, but pitfalls await. (Jesse Hamilton/CoinDesk)

Don’t Pop the Champagne on U.S. Crypto Bills – Progress in Congress Has Been Costly

Though the industry legislation has reached unprecedented heights, the wins may be too messy to open a path to the finish line this year.

By Jesse Hamilton

Aug 1, 2023 at 6:47 p.m. UTC

Aug 1, 2023

AnalysisCongressLegislationHouse Financial Services CommitteeSenate Banking Committeestablecoin billAMLMoney Launderingtop news

U.S. Capitol Building (Jesse Hamilton/CoinDesk)

U.S. Stablecoin Bill Takes Big Step Despite Fight From Democrats, White House

A long-awaited stablecoin bill graduated from a House committee in a Republican push, leaving the chair of the House Financial Services Committee lamenting that a bipartisan deal was strangled by the White House.

By Jesse Hamilton Jack Schickler

Jul 28, 2023 at 2:00 a.m. UTC

Jul 28, 2023

RegulationsLegislationHouse Financial Services Committeestablecoin billStablecoins

House Agriculture Committee Chair Glenn Thompson (R-Pa.) (Kevin Dietsch/Getty Images)

Policy

Regulations

Crypto Bill Advances Out of House Agriculture Committee

The vote means both the House Financial Services and Agriculture Committees have endorsed the legislation, which aims to create federal rules for crypto.

By Nikhilesh De

Jul 27, 2023 at 6:11 p.m. UTC

Jul 27, 2023

RegulationsHouse Agriculture CommitteeGlenn ThompsonHouse Financial Services Committee

White House’s 'Unwillingness to Compromise' Stalled Stablecoin Bill: Rep. McHenry

Video

Stablecoins

White House’s 'Unwillingness to Compromise' Stalled Stablecoin Bill: Rep. McHenry

House lawmakers have failed to reach a bipartisan deal on stablecoins legislation with Financial Services Committee Chair Patrick Mc Henry R N C blaming White House intransigence for the stalemate while the panel's top Democrat said it was Mc Henry who shut down the talks A White House spokesperson did not immediately respond to a [...]

By CoinDesk Staff

Jul 27, 2023 at 5:46 p.m. UTC

Jul 27, 2023

StablecoinscdtvHash clipHouse Financial Services CommitteeWhite HousePatrick McHenry

Policy

Regulations

White House Derailed Negotiation on U.S. House Stablecoin Bill: McHenry

A bipartisan agreement on stablecoin legislation was in reach, according to the chair of the House Financial Services Committee, but the ranking Democrat said McHenry halted talks.

By Jack Schickler Jesse Hamilton

Jul 27, 2023 at 2:21 p.m. UTC

Jul 27, 2023

RegulationsUSHouse of RepresentativesBillsLegislationHouse Financial Services Committee