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Patrick McHenry

Trump family’s DeFi project leans on suspect code
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11 September, 2024

Trump family’s DeFi project leans on suspect code

A report recently surfaced on the white paper about the Trump family's DeFi project, World Liberty Financial, which appears to...
US House Committee hears housing and finance industry views on AI legislation
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30 July, 2024

US House Committee hears housing and finance industry views on AI legislation

The hearing was the latest step in a congressional effort to examine if existing statutes and regulations are sufficient to...
Florida’s Matt Gaetz introduces bill to allow payment of income tax by Bitcoin
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28 June, 2024

Florida’s Matt Gaetz introduces bill to allow payment of income tax by Bitcoin

The bill seeks to allow the payment of certain federal income taxes with Bitcoin and require the U.S. Secretary of...
Republicans beat up SEC’s Gary Gensler but can’t crimp ‘crypto’ crook crackdown
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8 May, 2024

Republicans beat up SEC’s Gary Gensler but can’t crimp ‘crypto’ crook crackdown

U.S. SEC Chair Gary Gensler came in for more bashing on Capitol Hill from Republicans, some of whom are planning...
Jerome Powell denies having CBDC lab, study says ‘crypto’ won’t become money
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22 March, 2024

Jerome Powell denies having CBDC lab, study says ‘crypto’ won’t become money

U.S. Fed Chair Jerome Powell insists he's not plotting to unleash a CBDC, while a new study says concerns about...
US Treasury admits terrorists love cash even more than ‘crypto’
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15 February, 2024

US Treasury admits terrorists love cash even more than ‘crypto’

The House of Representatives Financial Services Committee held its annual hearing of the Treasury's FinCEN and the Office of Terrorism...
US Treasury Department assesses ‘crypto’ money laundering, terror financing risks
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9 February, 2024

US Treasury Department assesses ‘crypto’ money laundering, terror financing risks

US Treasury plans to release its 2024 National Strategy for Combatting Terrorist and Other Illicit Finance, which will be based...
Patrick McHenry pushes stablecoin legislation as US narrowly avoids shutdown
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3 October, 2023

Patrick McHenry pushes stablecoin legislation as US narrowly avoids shutdown

House Financial Services Chair McHenry reiterates commitment to stablecoin regulation amid shutdown threat, highlighting bipartisan support for 2023's Clarity for...
Gary Gensler receives criticism from House Financial Services Committee hearing overshadowed by partisan politics
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29 September, 2023

Gary Gensler receives criticism from House Financial Services Committee hearing overshadowed by partisan politics

SEC Chair Gary Gensler attended a House hearing, where he was slammed for "choking off" the digital asset sector, quizzed...
US legislators advance mixed bag of bills for digital asset sector
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31 July, 2023

US legislators advance mixed bag of bills for digital asset sector

The U.S. House of Representatives Financial Services Committee advanced two bills that could now be sent to the House floor...
Proposed Digital Asset bill would weaken protections and open door to unregistered players: lobby letter
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17 July, 2023

Proposed Digital Asset bill would weaken protections and open door to unregistered players: lobby letter

Signatories of the DAMS Draft bill argue that the proposed legislation would slash regulatory oversight of the highly volatile digital...
US House to vote on digital asset bill giving CFTC greater power
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23 June, 2023

US House to vote on digital asset bill giving CFTC greater power

The bill will clip the SEC’s authority over digital assets, with the CFTC taking a more prominent role, including jurisdiction...