Weekly Roundup

Crypto Hearing
The House Financial Services Committee held a landmark hearing on cryptocurrency, with Maxine Waters noting the lack of an “overarching framework” of the cryptocurrency networks.

StableCoins
The Senate Banking Committee announced it will hold a hearing on stablecoins next week.

SPACs
SEC Chair Gensler noted that tougher rules for hot, buzzy SPACs are coming soon.

Source Code Breach/ Cybersecurity
A state-owned French transportation company has inadvertently exposed a folder containing source code related to its employee benefits web portal, leaking personal information via an unsecured HTTP server.

DeFi
The Bank for International Settlements, an umbrella group for central banks, urged further regulation of deficrypto platforms.

In the Mix: This Week’s Top FinTech Thought Leader

  • Jeremy Allaire, Co-Founder and CEO, Circle, testified before the House Financial Services Committee on the future of cryptocurrency, and noted the importance of policy to allow the US to be a global leader in thedevelopment of the internet of value.
  • Alesia Haas, CEO, Coinbase, Inc. (US Subsidiary) testified before the House Financial Services Committee supporting a “single regulator” approach to regulation.
  • Irene Aldridge, Managing Director, Able Markets, hosted her ninth annual Big Data Finance Conference on the future of finance.