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The Week in Crypto Policy: Tigran Release Resolution Advances, OCP 2.0, SEC Oversight Hearing
Key Insights
- The House Foreign Affairs Committee advanced a resolution urging the Nigerian government to release Tigran Gambaryan, the U.S. citizen, Binance executive, and former IRS employee, who lawmakers say is being wrongfully detained.
- The House Financial Services Committee held an SEC oversight hearing, covering regulatory clarity, stablecoins, NFTs, special purpose broker dealers, and more.
- Filings in the Silvergate bankruptcy proceedings suggest increased supervisory pressure from federal banking regulators forced the bank to liquidate.
- VP Harris's new economic platform says she “will encourage innovative technologies like AI and digital assets while protecting our consumers and investors.”
- A federal judge denied a Tornado Cash developer's motion to dismiss criminal charges, ruling that control is not a necessary component of an illegal money transmitting offense, allowing the case to proceed to trial in December.
HFAC Passes Tigran Resolution
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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.