Person
U.S. Representative (D-CA) and Ranking Member of the House Financial Services Committee, a senior voice on banking, housing and securities policy.
House Democrats led by Maxine Waters asked the FDIC and OCC for at least 120 days to review a 400-plus-page Community Reinvestment Act rewrite. For banks, how long the rule lasts matters more, since the OCC's last solo rewrite was rescinded by the next administration.
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French Hill and Tom Cotton want broker-dealers with fewer than 150 employees and no custody of client assets out of the PCAOB audit regime that Dodd-Frank extended to every registered dealer in 2010.
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The Coinbase CEO says the Wall Street Journal is preparing to blame him for the CLARITY Act's Senate defeat, and he has put his own account of January on the record while the SEC and CFTC say they will write crypto's rules themselves.
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The version reported out of committee 28-21 keeps a 20-year lock on the 324,527 Bitcoin the government already holds and cuts proof-of-reserve reporting to once a year, with new buying left to a study.
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Cook rates 21 Republican-held House seats as toss-ups against five Democratic ones. In the Senate, Democrats need four net gains out of six toss-ups. Only that chamber decides whether financial regulators get confirmed.
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Zach Witkoff answers cronyism charges with daily trading figures he has quoted 20% apart. The OCC's August 14 conditional trust charter is the fact with a date on it.
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The OCC's conditional approval puts World Liberty Financial in a charter pipeline with Circle, Coinbase and Nu Holdings. Anyone pricing that pipeline is now pricing a political process.
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