Page 99 - Patrick Mchenry News Today

The bill includes a provision that would codify Republicans' and the banking industry's complaints with a Securities and Exchange Commission measure that banks say would bar them from custodying crypto assets.

The FIT21 bill passed the U.S. House of Representatives in a 279 to 136 vote on May 22 after much speculation.

A bill said to provide consumer protections and regulatory certainty around digital assets was passed by the U.S. House of Representatives.

(The Center Square) – Changes for regulation of the cryptocurrency industry passed in the U.S. House of Representatives on Wednesday afternoon in legislation opposed by the White House.

The U.S. House passed the bipartisan Working Dog Commemorative Coin Act on Tuesday, allowing for the minting of service dog coins.

EconoTimes is a fast growing non-partisan source of news and intelligence on global economy and financial markets, providing timely, relevant, and critical insights for market professionals and those who want to make informed investment decisions.

The House of Representatives passes the FIT21 bill with bipartisan support, aiming to establish clear regulations for crypto assets despite concerns from the White House and SEC.

The House – with significant support from Democrats – has passed FIT21, which could be the first step toward providing the crypto industry with a clear regulatory path forward.

Even if FIT21 is too far for the Senate to pass, the momentum from the House vote could help push along conversations around stablecoin legislation.

House Financial Services Committee Chair Rep. Patrick McHenry, R-N.C., told Federal Deposit Insurance Corp. Chairman Martin Gruenberg to make himself available for a June 12 hearing on the agency's workplace culture.