The U.S. House of Representatives voted to amend federal securities laws pertaining to senior investors, initial public offerings for small- and mid-size businesses, and the definition of "accredited investor."
Witnesses testified before the House Committee on Agriculture on the latest legislative proposal to regulate digital assets and on providing regulatory clarity for digital asset spot markets.
House Financial Services Committee Chair Patrick McHenry (R-NC) and House Agriculture Committee Chair Glenn Thompson (R-PA) proposed legislation that would establish a digital asset framework and provide for related joint rulemaking from the CFTC and the SEC.
The House of Representatives advanced a number of bills that would amend or supplement the securities laws.
A bipartisan group of Senators on the Banking, Housing and Urban Affairs Committee revised a bill to provide that "the Federal Deposit Insurance Corporation and appropriate Federal regulators have the authority to claw back certain compensation paid to executives."