Congress
New congressional bill would create funding grants for developing artists
The bill would create four new federal grants providing funds for artists, projects, live performances, and more. New Congressional Bill Would Create Funding Grants for Developing Artists Jo Vito
Harry Dunn, Former Capitol Police, Is Running For Congress
Harry Dunn, the former U.S. Capitol police officer who testified about the violence of rioters during the Jan. 6 insurrection, declared his intent to run for Congress last Friday on social media.
Rep. Maxine Waters Fries MAGA Bozos In Congress With Ease
Rep. Maxine Waters took on GOP Congress members during a House Rules Committee hearing regarding a resolution against socialism. The post Rep. Maxine Waters Fries MAGA Bozos In Congress With Ease appeared first on The Latest Hip-Hop News, Music and Media | Hip-Hop Wired.
Rep. Cori Bush Says GOP Is Pushing Token Black For Speaker Role
HipHopWired Featured Video Source: Tasos Katopodis / Getty Rep. Cori Bush is currently making waves in the U.S. House of Reprensativies amid the ongoing debacle that is the Speak of the House selection process. After Rep. Kevin McCarthy repeatedly failed to gain support from his Republican Party cohorts, Bush claims that a Black Republican congressman is being used as a “prop” by the MAGA faction of the party. Rep. Cori Bush, 46, is one of the rising star members of Congress after assuming office back in 2021 and is known for her outspoken views and unwavering critique of the GOP. The Democratic Party congresswoman fired a shot toward the opposing party after McCarthy failed yet again to assume the Speaker role due to some fringe members of the Republican Party withholding their vote over ...
Democrat Robert Garcia Plans To Use Vintage ‘Superman’ Comic When He’s Sworn Into 118th Congress
HipHopWired Featured Video Source: MediaNews Group/Long Beach Press-Telegram via Getty Images / Getty As Republicans continue to hold up the congressional duties of our elected officials due to their reluctance to vote in Kevin McCarthy as the Speaker of the House, newly elected member of U.S. Congress Robert Garcia already knows how he plans on being sworn in once things get back to normal, and it’s a pretty interesting way of going about his inauguration. Earlier this week the California congressman took to Twitter to reveal that when it comes time to get sworn into the 118th United States Congress, Robert Garcia will be using three items that mean the world to him including a photo of his parents whom he lost to the COVID pandemic, his certificate of citizenship, and an original copy of...
100 crypto lobbyists prepare for the fight of their lives as Congress resumes
Cryptocurrencies will be a hot topic as the United States Congress resumes and the battle lines are drawn between lawmakers for and against the fledgling financial industry. But the Blockchain Association reports that more than 100 crypto industry advocates are fighting to help strike the right balance between protection and innovation. The 118th U.S. Congress convened in Washington D.C. on Jan. 3. It’s scheduled to continue until Jan. 3, 2025, during the final two years of President Joe Biden’s first term. The crypto industry is currently in the crosshairs following several high-profile meltdowns last year, the largest being the collapse of FTX in early November. In a Twitter thread on Jan. 3, the director of government relations at the Blockchain Association, Ron Hammond, highlighted the...
US lawmakers under pressure following FTX collapse: Report
Legislators in the United States seem to be reevaluating the crypto industry and its regulatory needs in light of FTX’s collapse. According to the Wall Street Journal, since the crypto exchange filed for bankruptcy in November, lawmakers have been under pressure to set a new regulatory framework for cryptocurrencies. Several proposals are in the works that would apply existing banking, securities, and tax rules to cryptocurrencies, and lawmakers are calling on the Securities and Exchange Commission (SEC) to adopt an aggressive approach to the crypto market. In a December House hearing, Rep. Jake Auchincloss, who is also a member of the bipartisan Congressional Blockchain Caucus, reportedly noted that “it’s time for the blockchain investors and entrepreneurs to build thing...
4 legislative predictions for crypto in 2023
If you saw the returns in my crypto portfolio this year, you would take a pass on my predictions for the direction of the cryptocurrency market. So, I will stick to what I know and share some regulatory predictions for the crypto industry. Few legislative changes A few minor victories will logroll small legislative fixes into “must pass” bills like the defense authorization or omnibus spending bills. The top candidate would be a de minimis exemption for smaller crypto transactions to exempt users from capital gains tax liability every time they purchase a coffee with crypto. The protection for noncustodial crypto providers in Republican Representative Tom Emmer’s bill might make it in as well. On the outside, a bipartisan stablecoin bill may be possible, though Senate Democrats are still a...
US Financial Stability Oversight Council urges congressional action on crypto
Officials with the United States Financial Stability Oversight Council, or FSOC, have recommended U.S. lawmakers pass legislation aimed at addressing regulatory gaps for crypto-related activities. In its annual report released on Dec. 16, the FSOC recommended members of Congress pass legislation granting “explicit rulemaking authority for federal financial regulators over the spot market for crypto-assets,” noting that tokens previously identified as securities would be exempt. The council also noted the lack of a comprehensive regulatory framework — specifically addressing stablecoins and visibility and supervision of crypto firms — in the United States. The FSOC cited the recent downfall of crypto exchange FTX as part of its background information in recommending actions on digital asset...
SEC was “asleep at the wheel” about FTX – US Rep. Sessions
The Securities and Exchange Commission (SEC) was “asleep at the wheel” regarding how FTX Group and its subsidiaries met financial and corporate control requirements, Representative Pete Sessions said in the Saturday Report on December 17. “We need to look at what the Securities and Exchange Commission was doing”, stated the Texas Congressman, adding that “the SEC was asleep at the wheel for these billions of dollars that we now find out about a year later.” The SEC filed charges against Sam Bankman-Fried (SBF), the former CEO of FTX, on Dec. 13, claiming that Bankman-Fried violated the anti-fraud provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934. In the complaint, the SEC requests an injunction to prohibit Bankman-Fried fro...
Sam Bankman-Fried says he will testify before the US House Financial Services Committee remotely
Continuing his so-called apology tour, Sam Bankman-Fried appeared on a Twitter Spaces chat with Unusual Whales and told nearly 60,000 listeners that he intends to testify at the United States House of Representatives Financial Services Committee remotely on Dec. 13. He was previously confirmed to appear in person. Bankman-Fried, who is allegedly currently located in the Bahamas, missed the deadline to confirm his appearance before the Senate Banking Committee the following day, despite the threat of a subpoena. Despite his frequent public speaking, Bankman-Fried has gone silent on Twitter himself, not posting since Dec. 9, when he indicated his agreement to appear at the House committee hearing. 1) I still do not have access to much of my data — professional or personal. So the...
Who’s expected to testify before Congressional hearings on FTX?
United States lawmakers have been pushing for certain witnesses — including Sam Bankman-Fried — to appear before committee hearings scheduled in December. Who should the crypto space expect to see testifying on the events leading to the downfall of FTX? On Dec. 9, Bankman-Fried, or SBF, said — under threat of a potential subpoena — that he was willing to speak at a U.S. House hearing aimed at exploring FTX’s collapse. Leadership with both the House Financial Services Committee and Senate Banking Committee had suggested that they might subpoena the former FTX CEO, prompting SBF to say on Twitter he was “willing to testify” on Dec. 13. At the time of publication, SBF’s name did not appear as a witness in the House committee’s ‘Investigating the Collapse of FTX, Part I’ hearing — suggesting m...
