House Financial Services Committee

U.S. House Republicans' drama over picking a speaker is weighing down the odds of crypto legislation seeing action. (Jesse Hamilton/CoinDesk)

Majority Leader Steve Scalise dropping out means digital assets legislation remains on hold. Crypto fan Tom Emmer also won't have the No. 2 role to seek, another potential blo...

By Jesse Hamilton

Oct 13, 2023 at 4:26 p.m. UTC

Oct 13, 2023

RegulationsLegislationCongressHouse of RepresentativesHouse Financial Services Committee

U.S. House Majority Leader Steve Scalise got the nod from his party to be the next speaker of the House. But several fellow Republicans may vote against him anyway, so his ascent isn't assured. (Photo courtesy of Rep. Steve Scalise; illustration by Jesse Hamilton/CoinDesk)

Policy

Regulations

Crypto Bills May Depend on U.S. House GOP Battle Over Scalise Speaker Pick

If Republicans can’t unify behind Scalise or another choice to be speaker, paralysis in the House over crypto legislation and a potential government shutdown could continue.

By Jesse Hamilton

Oct 11, 2023 at 8:28 p.m. UTC

Oct 11, 2023

RegulationsHouse of RepresentativesHouse Financial Services CommitteeLegislationCongressKevin mccarthy

House Majority Leader Steve Scalise (R-La.) and Judiciary Committee Chairman Jim Jordan (R-Ohio) are vying in the House of Representatives for the open speaker position. (Chip Somodevilla/Getty Images)

Policy

Analysis

Crypto Needs Congress, But U.S. Lawmakers Have Opted for Pandemonium

While Congress stares down the barrel of a Nov. 17 government shutdown, the rudderless House remains the focus of the crypto industry’s hopes for regulatory progress.

By Jesse Hamilton

Oct 9, 2023 at 2:24 p.m. UTC

Oct 9, 2023

AnalysisHouse of RepresentativesHouse Financial Services CommitteeLegislationShutdownstablecoin billSenateSherrod Brown

Rep. Patrick McHenry, temporary speaker of the U.S. House of Representatives, is a longtime supporter of crypto legislation. (Jesse Hamilton/CoinDesk)

Policy

Regulations

Crypto-Friendly Congressman McHenry Temporarily Takes Over U.S. House

A staunch advocate for crypto industry regulation, Rep. Patrick McHenry has found himself as a stand-in Speaker of the House as crypto bills head toward the floor.

By Jesse Hamilton

Oct 3, 2023 at 11:03 p.m. UTC

Oct 3, 2023

RegulationsPatrick McHenryHouse Financial Services CommitteeHouse of RepresentativesLegislation

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)

Policy

Regulations

SEC’s Gensler Throws More Crypto Punches in Congressional Hearing

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.

By Jesse Hamilton Nikhilesh De

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)

Policy

Regulations

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)

Policy

Regulations

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)

Policy

Regulations

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 sta...

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)

Policy

Analysis

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)

Policy

Regulations

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 d...

By Jesse Hamilton Jack Schickler

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

Jul 28, 2023

RegulationsLegislationHouse Financial Services Committeestablecoin billStablecoins