House Republicans plan crypto panel in first move to oversee troubled industry

  • 📰 politico
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 59%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

House Republicans will establish a new subcommittee dedicated to cryptocurrency this Congress, a move that puts oversight and legislation around the ailing industry high on the GOP agenda.

, who has long made a priority of financial technology issues, said in an interview Thursday that he plans to create the panel because he believes there is “a big hole in how we structure the committee” as it spends more time grappling with crypto topics.French HillWarren DavidsonMcHenry revealed the move as he announced broader plans for Financial Services subcommittees and their chairs.

: McHenry also named the chairs of his other Financial Services subcommittees, in what amounts to a big shakeup of the leadership structure. They include:“Wagner has not been bashful about her interest in capital formation — and so she’s in the right position to move policy,” McHenry said.“Barr brings rural perspective, but he’s [also] been a serious policymaker since he got here,” McHenry said.

It was unclear before Thursday whether McHenry would honor Republicans’ internal term-limit mandate, and his decision was the subject of intense scrutiny by lobbyists who work with Financial Services.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 381. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

as bitcoin was about to rally. We are now testing lower support levels and this area should be bought for a bullish resolution to the upside MarkMaynardq is a super underrated bitcoiner I’ve been taking his trading seriously & I’ve been doing superb, Investing in Bitcoin

I don't understand. Crypto currency was developed so that it would be free of regulation and now the Republicans who don't want to regulate anything especially things that can harm us now want to regulate it.

Well they’re Ponzi schemes so unless you want to DESTROY them we’ll see. But yeah

News alert ! Dems are garbage !

Who is that little dude with a bow tie?

ALL crypto-'currencies' are zero-sum pyramid/Ponzi schemes preying on 'greater fools' and should have been made illegal years ago!

How will that help inflation? How will this help the Americans who don't give a shite about crypto?

South Africa South Africa Latest News, South Africa South Africa Headlines