Pro
The Week in Crypto Policy: HFS Advances Two Bills and Senate Anti-CBDC Bill
Key Insights
- House Financial Services advanced two bipartisan bills of note to the crypto community:
- (1) a joint resolution to rescind SAB 121, and
- (2) a bill to clarify and expand the Secret Service's authority to investigate cyber crime.
- Senator Ted Cruz (R-TX) introduced a bill to prohibit the federal reserve from issuing a U.S. CBDC.
- HFS Chairman Patrick McHenry introduced a bill to promote financial innovation by establishing regulatory sandboxes for entrepreneurs to operate under an alternative compliance framework.
- Senate Agriculture Chairwoman Debbie Stabenow (D-MI) said she is back to working on crypto legislation and is looking for areas of agreement with the House.
Let us know what you loved about the report, what may be missing, or share any other feedback by filling out this short form. All responses are subject to our Privacy Policy and Terms of Service.
George Leonardo is the founder of Cap Hill Crypto, a solo-entrepreneur venture focused on providing nonpartisan insights and analysis on U.S. federal crypto policy. Previously, he worked on Capitol Hill for Senator John Cornyn and as a litigation associate at Milbank LLP.