ChainCatcher news, according to The Block, the U.S. House Financial Services Committee held a hearing on digital assets on February 11. Republican Congressman Tom Emmer stated that crypto technology shifts economic power from central institutions back to the people. Democratic lawmakers expressed concerns about the meme coin launched by Trump, with Sean Casten stating that it lacks real value.Regarding stablecoin regulation, Committee Chairman French Hill and Democratic leader Maxine Waters proposed regulatory frameworks. Investment bank TD Cowen believes that bipartisan proposals are likely to reach a consensus, but specific legislation is expected to be delayed until the end of the year.

ChainCatcher News, bipartisan members of the U.S. House of Representatives have introduced a resolution supporting blockchain technology and digital assets.On February 5, Dusty Johnson (Republican-South Dakota), Chairman of the House Agriculture Committee's Subcommittee on Commodity Markets, Digital Assets, and Rural Development, along with Ranking Member Don Davis (Democrat-North Carolina), Bryan Steil (Republican-Wisconsin), Chairman of the House Financial Services Committee's Subcommittee on Digital Assets, Financial Technology, and Inclusion, and Ranking Member Ritchie Torres (Democrat-New York) announced the proposal.The resolution highlights the economic potential of digital assets, the necessity for regulatory clarity, and the role of blockchain in enhancing transparency and efficiency. It also warns that without clear regulations, the U.S. risks losing innovation to countries with more defined legal frameworks. Following the resolution's introduction, lawmakers issued statements emphasizing the urgency of regulatory action.

ChainCatcher news, the U.S. House Financial Services Committee's Subcommittee on Oversight and Investigations will hold a hearing on February 6 at 2:00 PM ET (3:00 AM Beijing time on the 7th) with the theme "Choke Point 2.0: How the Biden Administration is Suppressing Cryptocurrency," focusing on the issue of banking service restrictions faced by the crypto industry.Witnesses include Austin Campbell, Paul Grewal, Fred Thiel, and Shayna Olesiuk, and they are expected to address the attitudes of financial regulators towards crypto businesses and their impact on the industry's development.

ChainCatcher news, according to market news, a Democratic member of the U.S. House of Representatives announced that he intends to introduce articles of impeachment against Trump.

ChainCatcher news, according to Crowdfund Insider, U.S. House Financial Services Committee Chairman French Hill and Digital Assets, Fintech, and Artificial Intelligence Subcommittee Chairman Bryan Steil issued a joint statement expressing support for President Trump's signing of an executive order related to digital assets. The two chairmen stated that the President's Digital Asset Market Working Group will strengthen the United States' leadership position on the international stage.It is noteworthy that they also emphasized their stance against the issuance of Central Bank Digital Currencies (CBDCs) in the U.S., believing that this aligns with the goal of protecting the financial privacy of Americans.

ChainCatcher news, according to Coindesk, on Friday afternoon local time, Trump-backed Republican Congressman Mike Johnson successfully secured enough votes to be re-elected as Speaker of the House.Johnson is considered a crypto-friendly individual, having previously voted in favor of the "21st Century Financial Innovation and Technology Act" (commonly known as FIT21) and the anti-Central Bank Digital Currency (CBDC) bill.Johnson's re-election and Emmer's continued role as Majority Whip mean that crypto-friendly members in Congress are likely to push for crypto legislation in 2025.

ChainCatcher news, according to Caixin, the U.S. House of Representatives voted on December 20 local time to pass an emergency funding bill to prevent a government "shutdown." The new bill will continue to provide operating funds for the U.S. government until March of next year, thereby avoiding a "shutdown" of certain federal agencies after midnight on the 21st Eastern Time.It is reported that the latest bill is almost identical to the one that failed to pass on the 19th, but it removed the section regarding the debt ceiling, leaving three main parts: a short-term extension of government spending, billions of dollars in disaster relief funds, and additional assistance for farmers.

ChainCatcher news, according to Fox News, sources say that Republican negotiators in the U.S. House of Representatives have reached a preliminary agreement on Plan C to avoid a government shutdown at the end of Friday. The agreement will include a short-term extension of this year's federal funding levels, disaster relief funds, and agricultural support for farmers— but will be divided into three separate bills.The agreement will also include a handshake deal to take action on next year's debt ceiling, which is part of the Republican plan to pursue large-scale conservative policy reforms through the reconciliation process. (Jin Shi)

ChainCatcher news, according to Fox News reported by Jin Shi, the U.S. House of Representatives may vote on a temporary solution to the government shutdown at 10 AM local time on Friday.

ChainCatcher news, according to Jinshi reports, the U.S. House of Representatives did not pass the stopgap funding and debt ceiling bill supported by Trump, and currently, 22 Republican members have voted against it.

ChainCatcher news, according to Cointelegraph, the new chairman of the U.S. House Financial Services Committee, French Hill, stated that the U.S. urgently needs a cryptocurrency market structure bill, which is the "top priority" for the Republican Party, and plans to introduce a comprehensive cryptocurrency market structure bill within the first 100 days of the upcoming legislative session.The approval of the market structure bill would eliminate the regulatory uncertainty that has plagued the U.S. cryptocurrency industry for years, and supportive legislation for cryptocurrency could pave the way for the U.S. to promote digital asset innovation and prevent cryptocurrency companies from outsourcing offshore. French Hill also criticized the current regulatory approach under SEC Chairman Gary Gensler.He said, "Under Chairman Gensler's leadership, we have not established traffic rules. We only have enforcement regulation. This does not help the U.S. succeed, nor does it aid technological advancement, Web3 innovation, or the application of blockchain in public companies and financial services."

ChainCatcher news, Forbes reporter Eleanor Terrett posted on the X platform that with French Hill becoming the chairman of the House Financial Services Committee, he will vacate the position of chairman of the Digital Assets, Fintech and Inclusion Subcommittee.Currently, potential candidates to succeed him include the current subcommittee vice chairman Warren Davidson, as well as Representatives Frank Lucas and Mike Flood.

ChainCatcher news, NEO founder Da Hongfei disclosed that the U.S. House of Representatives passed the Bitcoin bill (176-26), which officially recognizes Bitcoin as a "store of value" asset for the first time, positioning it similarly to digital gold, while classifying Ethereum as a utility token. Da Hongfei stated that this bill will mean in practice:Banks can now officially hold Bitcoin as a reserve asset;Local and federal governments have clear guidelines on BTC reserves;Institutions finally gain the regulatory clarity they need;The global market may follow this framework.

ChainCatcher news, according to the Associated Press, the Republicans have won enough seats to control the U.S. House of Representatives, achieving a comprehensive victory in the elections, ensuring their control over both chambers of Congress and the White House. The Republicans earlier gained control of the Senate.

ChainCatcher news, according to Edison Research: The Republican Party has won another seat in the U.S. House of Representatives, bringing their total to 215 seats, while the Democratic Party has 206 seats. A majority in the House requires 218 seats. (Jinshi)

ChainCatcher news, according to CNN, U.S. House Democratic campaign chair Suzan DelBene stated in an interview with CNN that determining control of the House may take a week or longer. This warning stems from the prevalence of mail-in voting, which has made the counting process more time-consuming.DelBene reflected on the 2022 midterm elections, when it took 8 days to determine which party won the majority in the House. She anticipates that this election may require the same or even longer time. "Some districts are very competitive, especially in places like my home state of Washington, where mail-in ballots are still being received, the results may take longer to be revealed," DelBene explained.It is worth noting that in 2022, the Republicans won control of the House by a narrow margin of about 6,675 votes, a result that came from the five closest districts. In some of these districts, the margin of victory was even less than 1,000 votes. DelBene is preparing her colleagues for the possibility of delayed results based on the experience of the last election.

ChainCatcher News, the U.S. Securities and Exchange Commission (SEC) Gary Gensler announced the full text of his testimony before the U.S. House Financial Services Committee.It disclosed that the work of the enforcement division is at the core of the SEC's investor protection responsibilities. In fiscal year 2023, the SEC took 784 enforcement actions, with fines and recoveries totaling $4.9 billion. Whenever possible, civil penalties and recoveries obtained by the SEC in civil enforcement actions will be returned to the harmed investors, with $930 million allocated to harmed investors in fiscal year 2023.

ChainCatcher news, according to The Block, U.S. House Financial Services Committee senior Democrat Maxine Waters stated that she hopes to reach a "significant agreement" on stablecoin legislation by the end of this year.Waters emphasized that the new legislation should prioritize consumer protection and strong federal oversight, while allowing multiple pathways to create stablecoins, but the Federal Reserve must play a leading role.

ChainCatcher news, Fox Business reporter Eleanor Terrett disclosed on the X platform that all five members of the U.S. SEC are preparing to testify before the House Financial Services Committee next Tuesday. This will be the first time since 2019 that the entire SEC, not just the chairman, will testify together.Gary Gensler himself will testify separately in the Senate next Wednesday.

ChainCatcher news, according to Cointelegraph, the U.S. House Financial Services Committee held a hearing yesterday titled "Decoding DeFi: Breaking Down the Future of Decentralized Finance," aimed at exploring emerging topics such as tokenization and how blockchain is used in the financial sector.Republican and Democratic lawmakers showed clear divisions on this issue. Republican subcommittee chair French Hill believes that decentralized finance can change the current structure and governance of financial markets and transactions. Democratic representative Brad Sherman and other cryptocurrency critics claim that DeFi is only used for crime, evading sanctions, and primarily for tax evasion.