The U.S. House Appropriations Subcommittee on Financial Services and General Government held a budget hearing on the SEC. The sole witness was SEC Chair Mary Jo White. Chair White testified about equity market fragmentation, virtual currencies, cross-border swaps regulation and the Financial Stability Oversight Council, among other things. Click here to view a hearing summary prepared by Delta Strategy Group . See: Chair White's Written Testimony ; House Subcommittee Hearing Information.
News & Insights
The House Subcommittee on Commerce, Manufacturing and Trade explored developments in "disruptive" digital currencies and blockchain technology.
Senators Sherrod Brown (D-OH) and Jeff Merkley (D-OR) urged the heads of numerous federal regulatory agencies to provide insight about the tools they utilize to ensure effective oversight over financial technology firms.
On June 22, 2017, the United States Senate Committee on Agriculture, Nutrition and Forestry will hold a hearing to discuss the nomination of J. Christopher Giancarlo as Chair of the CFTC.
The SEC introduced two new initiatives to monitor and address issues related to cybersecurity. In addition, SEC Chair Jay Clayton updated the Senate Banking Committee on the SEC response to the EDGAR system cyber breach.