SEC Denies Coinbase Petition for Rulemaking
On December 15, the Securities and Exchange Commission (SEC) denied a Petition for Rulemaking filed on behalf of Coinbase Global, Inc. which sought new rules for the digital asset sector. Coinbase’s Petition for Rulemaking was denied in a 3-2 vote. SEC Chairman Gary Gensler, the two Democrat Commissioners, Caroline Crenshaw and …
Read MoreHouse Financial Services Committee Hearing
On December 12, the House Financial Services Subcommittee on Capital Markets held a hearing entitled “Examining the Agenda of Regulators, SROs, and Standards-Setters for Accounting, Auditing.” Witnesses in the hearing were: · Erica Williams, Chair, Public Company Accounting Oversight Board (PCAOB) · Richard Jones, Chair, Financial Accounting Standards Board (FASB) …
Read MoreSenate Baking Committee Hearing
On December 6, the Senate Banking Committee held a hearing entitled “Annual Oversight of Wall Street Firms.” The witnesses in the hearing were: Mr. Charles W. Scharf, CEO And President, Wells Fargo & Company Mr. Brian Thomas Moynihan, Chairman and CEO, Bank of America Mr. Jamie Dimon, Chairman And CEO, JPMorgan Chase & …
Read MoreHouse Ag “Member Day” Hearing
On December 6, the House Agriculture Committee held a “Member Day” hearing to give non-ag Members the opportunity voice to their concerns ahead of the reauthorization of the Farm Bill and other proposed legislation within the committee’s jurisdiction. Below are some key takeaways from the hearing followed by high-level takeaways …
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