News & Analysis as of

Cryptocurrency Financial Services Committee

Paul Hastings LLP

The GENIUS Act: A Comprehensive Guide to US Stablecoin Regulation

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July 18th marks a historic milestone in U.S. digital asset policy. The President signed the GENIUS Act into law following its bipartisan passage by 308-122 in the House on July 17 and 68-30 in the Senate on June 17. The...more

Paul Hastings LLP

GENIUS Act Clears Senate, SEC Withdraws Proposed Rules and Bitcoin Reserve Bill Introduced

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The Senate passed the GENIUS Act with bipartisan support, marking a significant step forward in advancing stablecoin legislation. Legislative action on stablecoins will now move to the House of Representatives. The House...more

Paul Hastings LLP

CLARITY and GENIUS Acts Advance, SEC DeFi Roundtable and OCC Agenda Drive Policy Momentum

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The digital asset policy landscape developed on multiple fronts this week. The House Financial Services and Agriculture Committees voted to advance the CLARITY Act, a bipartisan proposal to establish a regulatory framework...more

Troutman Pepper Locke

Digital Asset CLARITY Act Heads to House Floor

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On Tuesday, June 10, the House Committees on Agriculture and Financial Services both favorably reported to the House H.R. 3633, the Digital Asset Market Clarity (CLARITY) Act (as amended). Both committees gave overwhelmingly...more

BakerHostetler

[Podcast] The Cloakroom with Peter Roskam: 36th Annual Legislative Seminar – Congressman Bryan Steil, R-WI

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Former Congressman Peter Roskam, who leads BakerHostetler’s Federal Policy team, provides listeners with a front-row seat to the most important policy and political debates in Congress. In this episode of “The Cloakroom with...more

Jones Day

Regulating Digital Assets: New Market Structure Bill Builds on FIT21 Framework

Jones Day on

The House Committees on Financial Services and Agriculture have unveiled a discussion draft for a new comprehensive U.S. crypto market structure bill, aiming to establish clear regulatory boundaries between the U.S....more

Fenwick & West LLP

New Digital Asset Regulatory Framework: Analysis of the Latest Discussion

Fenwick & West LLP on

In a significant development for the digital asset industry, Republican lawmakers from the U.S. House Committees on Financial Services and Agriculture have released a comprehensive discussion draft of proposed legislation...more

Troutman Pepper Locke

Troutman Pepper Locke Weekly Consumer Financial Services Newsletter – March 2025 # 2

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To keep you informed of recent activities, below are several of the most significant federal and state events that have influenced the Consumer Financial Services industry over the past week....more

Paul Hastings LLP

PHFintech: Crypto Policy Tracker - December 20, 2024

Paul Hastings LLP on

This week, Congress wrapped up its final session of the 118th Congress. Crypto legislation in the next Congress will likely be based on the bills introduced in the prior session, but we might see some significant changes to...more

Paul Hastings LLP

PHFintech: Crypto Policy Tracker - November 22, 2024

Paul Hastings LLP on

In this update, we focus on the potential changes in the executive branch and on the congressional committees that have jurisdiction over cryptocurrency. As the transition unfolds, much attention is on who will stay from the...more

Orrick, Herrington & Sutcliffe LLP

House Financial Services Committee questions financial agency representatives on technological implementations

On December 5, the U.S. House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion held a hearing on “Fostering Financial Innovation: How Agencies Can Leverage Technology to Shape the Future...more

Polsinelli

Blockchain+ Bi-Weekly - November 2023 #3

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The Blockchain Bi-Weekly presented by the Polsinelli Blockchain+ team is a rundown of some of the key stories in the Web3, blockchain and crypto ecosystems curated by our attorneys navigating the intersections of code, smart...more

Paul Hastings LLP

Daily Financial Regulation Update -- Thursday, November 16, 2023

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November 15, 2023- U.S. House Committee on Financial Services Chair Patrick McHenry (R-NC), and Senator Cynthia Lummis (R-WY) led a letter with a bipartisan group of colleagues to the prudential regulators—the Office of...more

Cozen O'Connor

Cozen Currents: Congress' Remaining Summer Agenda

Cozen O'Connor on

The Cozen Lens- •There remains high bipartisan interest in creating a regulatory framework for digital assets in the US as both the House Financial Services Committee and House Agriculture Committee intend to mark up a...more

Cozen O'Connor

Cozen Currents: The Political Fiction of the Debt Ceiling

Cozen O'Connor on

The Cozen Lens- •While the two sides remain far apart ideologically on a debt ceiling compromise, there is plenty of creativity that can be used to close the gap so both sides can claim a political victory. •Despite...more

Poyner Spruill LLP

The 118th Congress on FinTech Legislation

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On February 14, 2023, the 118th Congress held its first hearing on cryptocurrency following the volatile events of 2022. Several issues were discussed, including the proper regulatory authority, property rights, financial...more

BakerHostetler

New Congressional Subcommittees Foreshadow Pending Digital Asset Legislation

BakerHostetler on

Two congressional committees of the U.S. House of Representatives commenced the new year by announcing the creation of new subcommittees for the 118th Congress that are expected to analyze issues concerning cryptocurrency and...more

Paul Hastings LLP

Daily Financial Regulation Update -- Thursday, July 28, 2022

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July 27, 2022- Ahead of Thursday's U.S. Senate Banking Committee hearing on risks and scams in the cryptocurrency market, Ranking Member Pat Toomey (R-Pa.) sent a letter to the Securities and Exchange Commission on the...more

Perkins Coie

Blockchain Week in Review - June 2020

Perkins Coie on

The OCC Announces New Acting Comptroller and Includes FinTech Charters Among Focuses - On May 29, 2020, the Office of the Comptroller of Currency (OCC), the primary federal regulator of national banks, announced Brian P....more

Robins Kaplan LLP

Financial Daily Dose 10.24.2019 | Top Story: Lawmakers Grill Zuckerberg on Libra and Political Ads

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We didn’t get flop sweat Zuck, but it was still a hot seat indeed for Facebook’s founder and CEO on the Hill yesterday, who fielded a wide range of questions from Libra to political freedom of expression on his platform....more

Robins Kaplan LLP

Financial Daily Dose 10.23.2019 | Top Story: Top exec exodus continues, this time at Nike, Boeing, and WeWork

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Nike’s top dog, CEO Mark Parker, is stepping down at the beginning of 2020, to be replaced by board member and ServiceNow CEO John Donahoe. Parker, who will assume the role of executive chair when Donahoe takes over, has been...more

Robins Kaplan LLP

Financial Daily Dose 10.10.2019 | Top Story: US/China Trade Talks Resume Even as Tensions Grow

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Senior negotiators from the U.S. and China will officially resume trade negotiations today, “with higher tariffs looming if [they] fail to break a five-month stalemate.” The U.S.’s moves this week to blacklist 28 Chinese tech...more

Perkins Coie

Blockchain Week in Review - September 2019 #3

Perkins Coie on

U.S. Developments - REGULATORY - House Passes Bill to Review How Blockchain Technology Can Improve FinCEN - The U.S. House of Representatives passed a bill sponsored by Anthony Gonzalez (R-OH) that requires the Director...more

Nutter McClennen & Fish LLP

Fintech in Brief: Chairwoman Waters Outlines House Financial Services Committee’s Fall 2019 Agenda: Financial Innovation Remains...

On August 23, 2019, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, outlined her fall 2019 priorities. The Committee and its task forces will continue their focus on innovation and...more

Ballard Spahr LLP

Draft Legislation Seeks to “Keep Big Tech Out Of Finance”

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On July 15, the Democratic majority of the House Financial Services Committee introduced draft legislation, titled “Keep Big Tech Out Of Finance Act,” targeting Libra, Facebook’s contemplated new digital currency. As a follow...more

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