Local Government News
Thompson Releases 2024 Farm Bill Overview
House Committee on Agriculture Chairman Glenn "GT" Thompson (PA-15) has unveiled the 2024 Farm Bill overview, expressing the thorough process that went into crafting the legislation. Thompson stated, "This bill is a product of an extensive and transparent process, which included soliciting feedback from Members of both political parties, stakeholder input from across the nation, and some tough conversations."Emphasizing the commitment to supporting American farmers, Thompson highlighted that "Each title of this farm bill reflects a commitment to the American farmer and...
Agriculture, Financial Services Republicans Demand SEC Clarify Position Regarding Prometheum’s Custody of Ethereum’s Ether
Republicans from the House Committee on Agriculture and House Financial Services Committee, including Chairmen Glenn "GT" Thompson and Patrick McHenry, have raised concerns over Prometheum Inc.'s decision to provide custody services for Ethereum's Ether (ETH) through its subsidiary, Prometheum Ember Capital LLC.In a letter addressed to SEC Chair Gary Gensler, the lawmakers emphasized the need for clarity on the SEC's stance regarding a Special Purpose Broker Dealer's ability to custody non-security digital assets, specifically ETH. They highlighted the SEC and CFTC's...