House lawmakers propose studies on AI in financial services, housing
AI is already impacting mortgage lending and how credit scoring is calculated, US Representative Maxine Waters said as she introduced a new bill in Congress. Go to Source
House of Representatives
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Trump Takes Significant Lead Over Harris in Polymarket Odds for 2024 Election Win
On Thursday, betting activity on Polymarket indicated that former President Donald Trump has pulled ahead of Vice President Kamala Harris in the race for the 2024 election. As of press time, Trump’s odds stand at 55.8%, with Harris trailing at 43.7%. This shift in favor of Trump has been observed since around Oct. 5, approximately … Read more
Overturned Chevron deference likely won’t impact crypto regulation: Tom Emmer
Only a Donald Trump election victory and a mostly Republican Congress could make Chevron potentially impactful, says Representative Tom Emmer. Go to Source
House Republicans urge SEC to rescind ‘disastrous’ SAB 121
The House and Senate Republicans claimed the SEC evaded the notice and comment rulemaking process required by the Administrative Procedure Act by issuing SAB 121. Go to Source
US House may vote to overturn Biden’s SAB 121 veto next week
While the House and Senate already voted to overturn SAB 121, it will need a two-thirds majority vote from both chambers to invalidate Biden’s veto. Go to Source
US House may vote to overturn Biden’s SAB 121 veto next week
While the House and Senate already voted to overturn SAB 121, it will need a two-thirds majority vote from both chambers to invalidate Biden’s veto. Go to Source
Exclusive: Mike Flood is shaking up Congress over cryptocurrency
Mike Flood, a second-term lawmaker from Nebraska, has played central casting in the effort to make Congress move on crypto policy. Go to Source
Crypto-friendly Patrick McHenry takes interim House Speaker position
Eight Republicans voted against Republican Representative McCarthy, making it the first time in U.S. history that the House Speaker has been ousted by Congress. Go to Source
Florida Takes a Stand Against CBDCs: Anti-CBDC Bill Receives Overwhelming Support in House and Senate
In the wake of Florida Governor Ron DeSantis’ remarks in Jacksonville on Tuesday, both the Florida House of Representatives and Senate have approved the state’s anti-central bank digital currency (CBDC) legislation, dubbed SB 7054. The bill explicitly states that should the U.S. central bank, a federal agency, or a foreign government issue a CBDC, its … Read more
ECB President Lagarde Warns of ‘Major Disaster’ If US Defaults on Debt Obligations
There is a lot of discussion lately about the U.S. government’s debt ceiling and whether Congress will act before defaulting. In a recent interview, Christine Lagarde, the president of the European Central Bank (ECB), said she is confident the U.S. can maintain its debt obligations. However, she warned that if the U.S. were to default … Read more
