Congress

SEC Doesn't Have the Power to Remake the Law, Only Congress Can Do That: Ripple General Counsel
Ripple General Counsel Stu Alderoty speaks to the hosts of "First Mover" about the latest in the SEC's ongoing case against Ripple Labs. Alderoty said the SEC is "seeking to remake the law, and they don't have the power to remake the law. Only Congress can remake the law."

Wall Street Bank CEOs Tell Congress They’re Unlikely to Finance Crypto Miners
The chief executives of Citigroup, Bank of America and Wells Fargo were questioned Wednesday at a congressional hearing.

Las negociaciones para regular las stablecoins en EE. UU. se enfrentan a la aprobación del dólar digital
El proyecto de ley para la supervisión de las stablecoins de la Cámara de Representantes está a punto de publicarse, pero no incluirá una polémica solicitud de CBDC, según un nuevo estudio.

US Stablecoin Bill Negotiations Wrestled Over Digital Dollar Approval: Source
The House’s stablecoin oversight legislation is poised for release, but won’t include a controversial CBDC request – just a new study.

Digital Dollar Likely Won't Be Part of Retail Banking World, US Lawmaker Says
White House reports on central bank digital currencies "point the way" but Congress still has to pass legislation on these issues, Congressman Jim Himes told CoinDesk.

Rep. Jim Himes on Future of Crypto Regulation
CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De speaks with Rep. Jim Himes (D-Conn.) about the White House’s latest framework for digital assets. The Congressman also weighs in on the future of a U.S. central bank digital currency (CBDC) and the potential timeline for crypto regulation legislation in Congress.

Rep Himes: ‘Notable Momentum’ in Washington on Crypto Regulation
CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses the key takeaways from his recent interview with Rep. Jim Himes (D-Conn.) about his reaction to the White House's framework for digital assets. Plus, why Meta CEO Mark Zuckerberg's introduction of his Libra crypto project to Congress was "catastrophic."

House Republicans Want Answers From Fed on Digital Dollar
Rep. Patrick McHenry and others from the House Financial Services Committee sent a letter demanding clarity from Fed Vice Chairwoman Lael Brainard on the topic.

House’s Stablecoin Bill May Face Fatal Delays for 2022 Progress
Internal plans to release a draft by this week were put off as the factions remain too far apart in negotiations, sources say.

US Congressman Wants Consumer-Protection Answers From Agencies, Crypto Firms
A subcommittee chairman from the House Oversight Committee sent letters to Binance, Coinbase and other firms questioning them on how they guard against fraud.

