the Money Service Businesses Act of 2008, H.R. 4049, sponsored by Representative Carolyn Maloney, Chairman Barney Frank, Ranking Member Spencer Bachus, and Representative Judy Biggert, was passed in the House of Representatives.
Frank highlights the bipartisan support for the Money Service Businesses Act in the House.
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Barney Frank said that he believed that it was a war on crypto that motivated this--not a systemic risk of crypto.
Yes, I was frankly struck that Mr. Labrador went to such great pains to deny this.
No one doubts that if a change in administration comes and the new President disagrees with the existing Director, he or she can be removed.
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