DOJ, SEC Crypto Insider Trading Charges Rock Blockchain Industry

Cryptocurrency, Financial technology, digital banking

The Federal Policy team’s Kevin Edgar co-authored an important alert about the first insider trading cases involving cryptocurrency – a set of civil and criminal charges that have sent shockwaves throughout the blockchain industry. What does it mean for the future of crypto investing?

Read the alert.

The Weekly Hill Update

Below is this week’s congressional update by BakerHostetler’s Federal Policy team. We’ll continue to post in weeks when both chambers of Congress are in session.

HEADLINES

  • Capitol Hill is facing a legislative crunch as Democratic leaders race to pass key priorities before departing Washington for August.
  • This week, lawmakers hope to pass a bipartisan bill to promote U.S. technological competitiveness, while they await action on Democrats’ reconciliation legislation targeting prescription drug prices and Affordable Care Act subsidies.
  • President Joe Biden is in isolation with COVID, his symptoms improving.

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The Weekly Hill Update

Below is this week’s congressional update by BakerHostetler’s Federal Policy team. We’ll continue to post in weeks when both chambers of Congress are in session.

HEADLINES

  • Democratic leaders are planning to move forward with a reconciliation bill focused on drug pricing and Affordable Care Act subsidies, regrouping after negotiations on a broader bill stalled.
  • The Senate is also planning to take up a slimmed-down version of legislation promoting competitiveness with China, focused on funding for domestic semiconductor manufacturing.
  • The House Select Committee to Investigate the January 6th Attack on the United States Capitol will hold a prime-time hearing Thursday, focusing on President Donald Trump’s actions while his supporters were inside the Capitol.

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The Weekly Hill Update

Below is this week’s congressional update by BakerHostetler’s Federal Policy team. We’ll continue to post in weeks when both chambers of Congress are in session.

HEADLINES

  • President Joe Biden will travel to the Middle East, including a controversial visit to Saudi Arabia and Crown Prince Mohammed bin Salman.
  • Congress is returning from its Independence Day recess, and leaders are strategizing on bipartisan China competition legislation as well as Democrats’ budget reconciliation package.
  • Washington is also continuing to react to the Supreme Court’s decisions at the end of its term, including the overturning of Roe v. Wade.

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The Weekly Hill Update

Below is this week’s congressional update by BakerHostetler’s Federal Policy team. We’ll continue to post in weeks when both chambers of Congress are in session.

HEADLINES

  • Senate negotiators on gun control legislation hope to continue to surpass expectations and finalize a bill for votes in both chambers of Congress this week.
  • Supreme Court watchers are on high alert, as the court is in the final two weeks of its term with several high-profile decisions remaining on its docket, including regarding abortion.
  • Federal Reserve Chair Jay Powell will appear before committees in both chambers, following aggressive Fed action aiming to counter inflation.

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Proposed Federal Crypto Legislation Supported by Digital Asset Ecosystem; Consumer Advocacy Groups Balk

New bipartisan Senate legislation aims to create a regulatory framework for federal oversight of digital assets. But would the proposal balance innovation and consumer protection? Will Congress act on this crypto legislation? The Federal Policy team’s Kevin Edgar co-authored an analysis of the bill, what it would do and how it would affect stakeholders.

Read more.

The Weekly Hill Update

Below is this week’s congressional update by BakerHostetler’s Federal Policy team. We’ll continue to post in weeks when both chambers of Congress are in session.

HEADLINES

  • Congress reportedly is on the verge of moving forward on significant bipartisan gun control legislation amid the current wave of violence across the United States.
  • The House Select Committee to Investigate the January 6th Attack on the United States Capitol will continue its series of public hearings.
  • President Joe Biden will travel to Philadelphia to speak at the 29th AFL-CIO Constitutional Convention.

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The Weekly Hill Update

Below is this week’s congressional update by BakerHostetler’s Federal Policy team. We’ll continue to post in weeks when both chambers of Congress are in session.

HEADLINES

  • Gun violence now dominates attention on Capitol Hill, amid a wave of shootings including the horrors in Uvalde, Texas, and in Buffalo.
  • The House Select Committee to Investigate the January 6th Attack on the United States Capitol will begin its public hearings.
  • President Joe Biden will travel to the West Coast for the Summit of the Americas.

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The Weekly Hill Update

Below is this week’s congressional update by BakerHostetler’s Federal Policy team. We’ll continue to post in weeks when both chambers of Congress are in session.

HEADLINES

  • President Joe Biden is in Japan, the final stop on his first trip to Asia as president.
  • Primary season is in full swing, with elections Tuesday in Alabama, Arkansas, Georgia and Texas.
  • Congress is winding down toward Memorial Day, with the House only holding committee meetings and the Senate in for a short week.

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The Weekly Hill Update

Below is this week’s congressional update by BakerHostetler’s Federal Policy team. We’ll continue to post in weeks when both chambers of Congress are in session.

HEADLINES

  • President Joe Biden will visit Buffalo Tuesday, after 10 people died in a supermarket shooting that local authorities have described as “straight up, a racially motivated hate crime.”
  • Pennsylvania voters on Tuesday will choose their parties’ nominees for the November general election, including for retiring Republican Sen. Pat Toomey’s seat, sure to be among this year’s most hotly contested races.
  • Congress and the White House are scrambling to address a nationwide shortage of baby formula that has left some parents desperate.

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