House Financial Services Committee Chair, Patrick McHenry (R-NC) reintroduced a bill to "promote innovation in financial services" by establishing Financial Services Innovation Offices (FSIO) across various agencies.
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House Financial Services Committee Chair Patrick McHenry asked the FDIC to explain its financial innovation strategy as well as the agency's examination and supervisory actions toward financial institutions and fintechs.
Senate Banking Committee Chair Sherrod Brown (D-OH) requested information from Apple Inc. and Alphabet Inc. on each company's safeguards in making available mobile apps that allow customers to trade digital assets.
In a joint letter, leaders of the House Committee on Agriculture and the Senate Committee on Agriculture, Nutrition and Forestry asked CFTC Chair Rostin Behnam to issue regulatory guidance on digital asset markets.
Ranking Member of the House Committee on Agriculture Glenn Thompson (R-PA) released a revised draft of the Digital Commodity Exchange Act, a bill "to bring certainty to developers, intermediaries, and customers in the digital asset marketplace by establishing clearly defined rules."