Senate Hearing
Luke Rosiak to testify before Senate on alleged abuses in federal 8(a) contracting program
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Daily Wire investigative reporter Luke Rosiak is scheduled to testify before a U.S. Senate committee this week about alleged waste, fraud, and abuse in the federal 8(a) contracting program, a long-running initiative that reserves certain government contracts for firms owned by members of disadvantaged groups.
Building on December's charter approvals for firms like Circle and Ripple, the U.S. Office of the Comptroller of the Currency (OCC) has proposed detailed rules to implement the GENIUS Act for stablecoin issuers, addressing reserves, custody, redemption, and rewards programs on platforms like Coinbase. The 376-page proposal emerged on the eve of a Senate Banking Committee hearing where regulators testified on crypto oversight, amid industry concerns over operational impacts.
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The Senate Agriculture Committee has postponed its markup hearing on a crypto market structure bill from Tuesday to Thursday due to a severe winter storm affecting the East Coast. The delay allows lawmakers time to return to Washington amid disrupted travel. The hearing will involve debates and votes on amendments to the bill defining CFTC oversight of crypto markets.