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The chairman of the House Committee on Financial Services, Patrick McHenry, says the swing-pricing rule would hurt investors, especially because of the hard-close provision.
A House Financial Services Committee aide said that the bill is meant to restart discussions with Democratic lawmakers and the White House over how to regulate stablecoins.
Proposed legislation would amend securities laws to close a SECURE 2.0 loophole and clear the way for CITs in 403(b) plans.
While MiCA technically still has to be approved by the European Council, there’s little doubt that the world’s first comprehensive crypto framework will become a reality by 2024 or 2025.
The Wall Street giant’s latest financial results show how its push into consumer banking remains a drag on its overall business.