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FINANCIAL SERVICES INSTITUTIONS

Next House Committee Chair Reintroduces Crypto Innovation Bill
Financial Services Institutions

Next House Committee Chair Reintroduces Crypto Innovation Bill

Representative Patrick McHenry has proposed legislation to establish innovation offices in financial services institutions. Companies might request enforceable compliance agreements with federal financial agency offices under the law. In 2018, the SEC opened FinHub, while LabCFTC, the CFTC's fintech research branch, began in 2019.