Congress
OCC Nominee Omarova Withdraws From Bank Regulator Consideration
Saule Omarova’s nomination was met with hostility from the traditional banking sector.
Crypto CEOs to Testify Before House Financial Services Committee
FTX’s Sam Bankman-Fried, Bitfury’s Brian Brooks and Circle’s Jeremy Allaire are among the executives who will speak at the Dec. 8 hearing.
Sen. Lummis Likely to Oppose Powell’s Fed Nomination on Crypto Grounds
The Wyoming senator is likely to vote against President Biden’s nominees to head the U.S. Federal Reserve, and will rally other senators against them, said a Lummis aide.
US Policymakers Are Still Evaluating Stablecoins
Consumer protections are front and center in questions lawmakers have about stablecoins.
US Congressmen Introduce Bill to Modify Crypto Tax Provision in Infrastructure Law
U.S. President Joe Biden signed the infrastructure bill into law on Monday.
Blockchain Association Raises $4M to Grow Its Presence on Capitol Hill
Kraken, Digital Currency Group (DCG) and the Filecoin Foundation participated in the round.
Sen. Lummis Mounts Last-Ditch Effort to Modify Crypto Broker Language
With Biden’s signature imminent, the Wyoming senator is trying once more to narrow the bill’s “broker” scope.
US Stablecoin Report Gets Mixed Reviews From Crypto Industry
Issuers’ reactions ranged from effusive to diplomatic, but lobbyists pushed back against stablecoin recommendations by the President’s Working Group on Financial Markets.
Biden’s ‘Build Back Better’ Act Would Close Crypto Tax Loophole
The provision adds cryptocurrency transactions to constructive sale rules under the tax code.
