House Financial Services Committee
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 to bank customers.
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.
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.
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.
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.
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.
How to Watch Mark Zuckerberg's Grilling in Congress Today
Facebook's Mark Zuckerberg will be testifying before lawmakers on Libra and more later today. Watch the livestream here.
Rep. Waters Says Congress Will Continue Review of Facebook's Libra
Congresswoman Maxine Waters announced a tentative schedule for this fall including a continued review of Facebook's Libra initiative.
Congress Drew a Fine Line Between Libra and Crypto – That's a First
Lawmakers at last week’s hearings took pains to distinguish Facebook’s Libra from the broader crypto space, showing a new maturity in their approach.
