Tag: house
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House Oversight Committee Expands Investigation into Insider Trading and Regulatory Compliance Across Prediction Market Platforms
The United States House Committee on Oversight and Accountability has significantly broadened its investigation into the operations of online prediction markets, signaling an intensifying federal scrutiny of platforms that allow users to wager on real-world events. In a series of letters sent on Tuesday, Committee Chairman James Comer (R-Ky.) requested extensive records and internal documentation…
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US House Financial Services Committee Advances American Reserve Modernization Act to Establish Strategic Bitcoin Reserve and Digital Asset Stockpile
The House Financial Services Committee has officially moved to consider H.R. 8957, known as the American Reserve Modernization Act of 2026, a landmark piece of legislation that seeks to redefine the federal government’s relationship with digital currencies. During a markup session held on September 16, the committee deliberated on the establishment of a formal Strategic…
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House Oversight Committee Expands Investigation into Insider Trading and Security Protocols Across Major Prediction Market Platforms
The United States House Oversight Committee has officially broadened the scope of its ongoing investigation into potential insider trading and systemic vulnerabilities within the rapidly growing prediction market industry. In a significant escalation of congressional scrutiny, Committee Chairman James Comer issued a series of formal requests for records on Tuesday, targeting several prominent entities including…
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CFTC Proposes New Regulatory Framework for Crypto Asset Markets to White House as Agency Seeks to Establish Federal Rules Independent of Congress
The Commodity Futures Trading Commission (CFTC) has officially submitted a proposed regulatory framework to the White House’s Office of Management and Budget (OMB), signaling a decisive move to establish comprehensive crypto market rules independently of congressional action. According to federal records, the OMB received the proposal on September 17, marking a significant step in the…
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Treasury Secretary Scott Bessent Emerges as Lead Candidate for White House AI Czar Position
The administration of President Donald Trump is reportedly considering a significant restructuring of its technology and economic policy framework by appointing Treasury Secretary Scott Bessent to a dual role as the nation’s "AI Czar." According to reports from Semafor, citing three individuals familiar with the internal deliberations, Bessent has emerged as the frontrunner for this…
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US House Committee Advances Landmark Legislation to Establish Strategic Bitcoin Reserve and Centralized Digital Asset Stockpile
The House Financial Services Committee has officially commenced the markup of H.R. 8957, titled the American Reserve Modernization Act of 2026, a pivotal piece of legislation that seeks to fundamentally alter how the United States government manages its multi-billion-dollar holdings of cryptocurrency. Introduced as part of a broader legislative package on September 16, the bill…
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SEC Submits Digital Asset Custody Proposal to White House in Major Push for Regulatory Modernization
The United States Securities and Exchange Commission (SEC) has formally submitted a package of proposed rules regarding digital asset custody to the White House for review, marking a pivotal step in the agency’s efforts to align with the Trump administration’s broader cryptocurrency policy objectives. The proposal, which was transmitted to the Office of Management and…
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SEC Submits Digital Asset Custody Proposal to White House in Major Shift Toward Crypto-Friendly Regulation
The Securities and Exchange Commission (SEC) has officially submitted a series of proposed rules regarding digital asset custody to the White House for formal review, marking a significant milestone in the agency’s pivot toward the Trump administration’s stated pro-crypto agenda. The proposal, which was transmitted to the Office of Management and Budget (OMB) on August…
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Senate Deadlock Over Clarity Act Ethics Provisions Deepens as Democrats Reject White House-Backed Proposal
The United States Senate’s momentum toward establishing a comprehensive regulatory framework for digital assets has encountered a significant setback as bipartisan negotiations over the Clarity Act stalled this week. The impasse centers on controversial ethics provisions regarding the potential financial interests of high-ranking federal officials, most notably President Donald Trump, in the burgeoning cryptocurrency sector.…
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Former White House Teleprompter Operator Fined $172,000 for Insider Trading on Presidential Speech Prediction Markets
A former White House teleprompter operator, Gabriel Perez, has agreed to pay $172,000 to settle charges brought by the Commodity Futures Trading Commission (CFTC), which accused him of engaging in insider trading on prediction markets. Perez allegedly leveraged his advance knowledge of presidential speeches to wager on specific words and phrases that President Donald Trump…
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