Sign up to receive our free weekday morning edition, and you'll never miss a scoop.
The bank and crypto industry have both argued those changes would impose unprecedented costs on banks to provide custody services
The Vault
May 08, 2024

House passes challenge to crypto bulletin

The House approved a Congressional Review Act challenge that would overturn a controversial piece of Securities and Exchange Commission guidance imposing restrictions on banks that want to provide custody services for digital assets.

The House voted 228-182, with 21 Democrats joining Republicans to advance the CRA resolution.

Subscripion logo

You're seeing a preview of our Premium Policy: The Vault financial services and tax policy coverage. Read the full story by subscribing here.

Already a subscriber? Log In
The Vault Finance + Economy House The Vault

Presented by DoorDash

The DoorDash effect: $107B in economic impact

 

In 2024, DoorDash powered $107B in economic activity through sales for local businesses, from restaurants to grocers to florists. Dashers earned $16.7B, delivering 4 hours per week on average. Local delivery drives real economic impact. Explore the report.

Related
Senate stablecoin bill drops as Warren pushes for Treasury AML boost
The bill, formally dubbed the Lummis-Gillibrand Payment Stablecoin Act, would introduce a broad set of safeguards to a type of digital asset that’s generally used to facilitate other crypto transactions.
Finance + Economy
McHenry talks goals for his crypto legacy
The Vault Finance + Economy
Tillis, Hagerty unveil crypto anti-money laundering proposal
The Vault Finance + Economy
Editorial photos provided by Getty Images. Political ads courtesy of AdImpact.
ML Mobile newsletter asset

Unlock access for more

Sign up to receive our free morning edition every weekday, and you'll never miss a scoop.

Already subscribed? Sign in.