House Financial Services Committee

GameStop's share price rose to nearly $500 on Thursday.

While Congress is planning multiple hearings, it's less clear what financial regulators might do.

By Nikhilesh De

Jan 28, 2021 at 10:08 p.m. UTC

Jan 28, 2021

CongressSenate Banking CommitteeHouse Financial Services CommitteeGameStopwallstreetbets

U.S. Representative Maxine Waters, who chairs the House Financial Services Committee

Policy

Occ

Waters Tells Biden to Rescind OCC Crypto Guidance; May Be Part of Anti-Trump, Anti-Crypto Offensive

The head of the House Financial Services Committee wants President-elect Biden to to rescind guidance by the OCC that national banks may hold stablecoin reserves as a service...

By Nikhilesh De Kevin Reynolds

Dec 4, 2020 at 11:46 p.m. UTC

Dec 4, 2020

OCCBrian BrooksMaxine WatersHouse Financial Services Committee

Policy

Cybersecurity

Infosec Exec Urges US Lawmakers to Tighten Crypto Regs Over Pandemic-Driven Scams

Cryptocurrencies should be regulated more stringently, a VMWare security executive told U.S. lawmakers, citing a rise in cybercrime during the pandemic.

By Sandali Handagama

Jun 18, 2020 at 4:10 p.m. UTC

Jun 18, 2020

CybersecurityVirtual CurrencyCryptocurrency RegulationHearingsHouse Financial Services Committee

Policy

Federal reserve

US Fed Chair Says Private Entities Should Not Help Design Central Bank Digital Currencies

Federal Reserve Chairman Jerome Powell said central banks should design and implement CBDCs, not private entities.

By Nikhilesh De

Jun 17, 2020 at 7:54 p.m. UTC

Jun 17, 2020

Federal ReserveTom EmmerJerome PowellCBDCsHouse Financial Services CommitteeDigital Dollar

(Shutterstock, modified using Photomosh)

Policy

Hearings

Digital Dollar? Get Real, Financial Inclusion Advocates Tell Congress

Currently just a flashy idea, the digital dollar is competing with duller but proven methods for the job of getting stimulus funds to every U.S. resident.

By Nikhilesh De Sandali Handagama

Jun 12, 2020 at 7:25 p.m. UTC

Jun 12, 2020

HearingsHouse Financial Services CommitteeDigital DollarFedAccounts

Credit: Shutterstock (modified using PhotoMosh)

Policy

Congress

WATCH: US Lawmakers Talk Digital Dollar, FedAccounts in Thursday Hearing

The “digital dollar” concept takes the spotlight Thursday as House Financial Services Committee members discuss how best to issue stimulus funds.

By Nikhilesh De

Jun 10, 2020 at 11:20 p.m. UTC

Jun 10, 2020

CongressHearingsHouse Financial Services CommitteeDigital DollarFedAccountsJ. Christopher GiancarloMehrsa BaradaranMorgan RicksJodie Kelley

Rep. Brad Sherman (D-Calif.) created a "Zuck Buck" graphic to describe his view of Libra. (House Financial Services Committee)

Markets

Facebook

Zuckerberg: Facebook Would Quit Libra if the Association Launched Prematurely

Facebook's CEO told lawmakers the company would pull out of the Libra Association if the consortium launched its cryptocurrency without regulatory approvals.

By Nikhilesh De Marc Hochstein

Oct 23, 2019 at 4:15 p.m. UTC

Oct 23, 2019