The Week in Crypto Policy: House Committee Chairs & Commissioner Crenshaw Vote

Key Takeaways

• Representatives with pro-crypto track records are expected to chair key committees of jurisdiction next Congress after a week of House Steering Committee elections.
• SEC Commissioner Caroline Crenshaw’s confirmation is in limbo after Senate Banking Chairman Sherrod Brown (D-OH) was forced to delay the committee vote, first citing “attendance issues,” and then blaming “corporate special interests” for the delay.
• Senator Tim Scott (R-SC) discussed debanking at a Senate Banking hearing, and a federal district court ruled the FDIC needs to be more transparent with letters the agency sent to banks in 2022 ordering them to pause all crypto-related activity.
• Rep. Mike Carey (R-OH) is asking Treasury and the IRS to refrain from finalizing any rule that would apply digital asset broker tax reporting requirements to self-custody wallet providers.

House Committee Chair Break Downs

This week, the House Steering Committee voted to select committee chairs for the 119th Congress. The nominees are expected to be officially ratified by the House Republican Conference next week.