US Lawmakers Urge SEC and CFTC to Create Joint Working Group on Crypto Regula...
Two U.S. lawmakers have urged the chairman of the Securities and Exchange Commission (SEC) and the acting chairman of the Commodity Futures Trading Commission (CFTC) to establish a joint working group for the regulation of crypto assets. SEC and CFTC Urged to Collaborate on Crypto Regulation U.S. Representatives Patrick McHenry and Glenn “GT” Thompson sent a letter to SEC Chairman Gary Gensler and acting CFTC Chairman Rostin Behnam Monday regarding cryptocurrency. McHenry is the ranking member of the House Financial Services Committee while Thompson is the ranking member of the....
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The letter seems to be applying political pressure for the two government agencies to act on their own rather than waiting for a bill requiring the creation of such a group to become law. Two members of the United States House of Representatives have petitioned the heads of the Securities and Exchange Commission and Commodity Futures Trading Commission to work with participants in the crypto space for transparency and regulatory clarity.In a Monday tweet, Representative Glenn Thompson said he had submitted a letter with Representative Patrick McHenry to the CFTC and SEC, urging the....
Quintenz's 5-year term at the agency was originally scheduled to end in April 2020, but he has twice extended his departure. Brian Quintenz, who has served as one of the commissioners with the Commodity Futures Trading Commission, or CFTC, reportedly plans to leave the agency on Aug. 31.According to a Thursday report from the Wall Street Journal, Quintenz is expected to announce his move into the private sector after leaving the CFTC later this month. He hinted that his future career could include a focus on “innovation, particularly related to cryptocurrency and DeFi” and planned to....
All CFTC nominations must be confirmed by the U.S. Senate in a simple majority vote. U.S. President Joe Biden has tapped acting chairperson of the Commodity Futures Trading Commission Rostin Behnam to assume his position on a permanent basis, as well as two others to fill vacant commissioner seats.In a Monday announcement from the White House, President Biden said he planned to nominate Behnam — who has been serving as lead at the Commodity Futures Trading Commission, or CFTC, since former chair Heath Tarbert left in January — in addition to Kristin Johnson and Christy Goldsmith Romero.....
The U.S. House of Representatives has passed a crypto-related bill introduced by pro-bitcoin Congressman Patrick McHenry. It requires the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to establish a working group focused on digital assets. Bill to ‘Ensure Collaboration Between Regulators and Private Sector’ on Cryptocurrency The U.S. House of Representatives passed several bipartisan bills on Tuesday, including H.R. 1602, introduced by pro-bitcoin Congressman Patrick McHenry, the Republican leader of the House Financial Services....
Several U.S. lawmakers have called on Federal Reserve Chairman Jerome Powell to support cryptocurrency innovation. “The Federal Reserve must work to support domestic innovation … Our government should never be in the business of thwarting innovation.”
Members of Congress Urge Fed Chair Powell to Support Crypto Innovation
Several U.S. Congress members have sent a letter to Fed Chair Jerome Powell asking him several questions regarding the Fed’s effort on cryptocurrency regulation. The bipartisan letter is signed by Reps. Tom Emmer, Darren Soto, Frank....