News with the tag "HFSC"

French Hill, the U.S. House Financial Services Committee Chair, and Bryan Steil, the Digital Assets Subcommittee Chair, released a discussion draft of a bill to regulate stablecoins. The proposed Stable Act of 2025 will impose a two-year ban on stablecoins solely backed by self-issued digital assets...

In a decisive move, the House Financial Services Committee (HFSC) has voted in favor of a resolution to overturn a guideline set forth by the United States Securities and Exchange Commission (SEC) regarding crypto custody. The resolution seeks to nullify Staff Accounting Bulletin No. 121 (SAB 121), ...