Bill Foster

US relies on old rules to police cryptoassets
Europe appears to be on different fintech track

Rep. Tom Emmer, R-Minn., who is part of the Congressional Blockchain Caucus, has called on the U.S. government to lightly regulate the emerging technology. (Bill Clark/CQ Roll Call file photo)

Despite calls for international unity on financial regulations following the 2008 financial crisis, the United States is unlikely to follow Europe in exploring a unique regulatory regime for “cryptoassets,” whether for payment models like bitcoin or utility tokens that have been touted by celebrities as can’t-miss investments.

The U.S. approach, which has been reaffirmed several times by regulators, is to apply standard rules and tests dating back to the 1930s to fintech, or financial technology, products when determining whether agencies have authority over them.

Pelosi Agrees to Deal Limiting Her Speakership to 4 Years
Caucus may not formally adopt leadership term limits but Pelosi agrees to hold herself to a maximum of two more terms

House Democratic leader Nancy Pelosi, D-Calif., has agreed to limit her pending speakership to a maximum of two more terms to win the support of five members who otherwise opposed her bid.(Tom Williams/CQ Roll Call)

Updated 11:21 p.m.Nancy Pelosi is doing exactly what she said she wouldn’t in order to secure the votes she needs to be elected speaker — putting an end date on her tenure as the top House Democratic leader. 

Under an agreement reached with seven Democrats who opposed her speaker bid, Pelosi will back term limits for the top three Democratic leaders. The limit she has agreed to will prevent her from serving as speaker beyond another four years. 

With Opponents Dug In, Pelosi Has Little Room to Negotiate on Speaker Votes
At least 15 Pelosi opponents say they remain firm and will not vote ‘present’

Reps.-elect Max Rose, D-N.Y., left, and Jason Crow, D-Colo., pictured fist bumping at the new member office lottery on Nov. 30, are among the Democrats firmly opposed to Nancy Pelosi’s speaker bid. Rep.-elect Elissa Slotkin, D-Mich., is among those who voted against Pelosi in caucus elections but appears open to supporting her on the floor. (Tom Williams/CQ Roll Call)

At least 15 Democrats resisting Nancy Pelosi’s speaker bid are holding firm in their opposition and say they plan to vote for someone other than the California Democrat during the Jan. 3 speaker election, providing Pelosi with little room to negotiate a victory.

With the House poised to have 235 Democrats seated on the opening day of the 116th Congress when the speaker election takes place, Pelosi can only afford to have 17 Democrats vote and say a name that is not hers to meet the 218-vote majority threshold. 

16 Pelosi Opponents Sign Letter Saying They Won't Vote For Her for Speaker
Opposition could spell trouble for Pelosi in speaker election on the floor

Rep. Seth Moulton, D-Mass., pictured speaking to reporters in the Capitol on November 15, 2018, is one of 16 Democrats who signed a letter saying they will not vote for Nancy Pelosi for speaker. (Tom Williams/CQ Roll Call)

Updated 2:53 p.m. | Sixteen Democrats have signed a letter released Monday saying they will vote against Nancy Pelosi for speaker.

While the opposition would appear to be more votes than the California Democrat can afford to lose in a floor vote, two of the signees — Ben McAdams of Utah and Anthony Brindisi of New York — are in races that have yet to be called. 

14 Democrats Push Back on Raising Caucus Threshold for Speaker Race
Caucus threshold should remain simple majority; members should unite behind winner, they say

House Minority Leader Nancy Pelosi is expected to run for speaker again. (Bill Clark/CQ Roll Call)

A group of 14 Democrats who support Nancy Pelosi for speaker are pushing back on a proposal from some of their anti-Pelosi colleagues to raise the caucus threshold for nominating a speaker candidate. 

House Democratic Caucus rules make all of their elected leadership positions subject to a simple-majority vote. Then, under House rules, the speaker nominee chosen by the caucus needs to win votes from a majority of the entire chamber — 218, if everyone is present and voting. 

Most Illinois General Election Match-Ups Set for November
Democrats are targeting four GOP-held seats in Prairie State

Democrat Betsy Dirksen Londrigan will face off against Republican Rep. Rodney Davis in Illinois’ 13th District. (Courtesy Betsy Dirksen Londrigan for Congress/YouTube)

Updated 3/21/18

Tuesday’s Democratic primaries in Illinois are setting the stage for general election match-ups in four Republican-held districts that Democrats are targeting in November.

Illinois Democrats Seek to Chip Away at Republicans’ House Majority
Second-in-nation primaries set stage for targeting GOP seats

Democrats are targeting four GOP-held seats in Illinois, where voters head to the primaries Tuesday. (Composite by Chris Hale/CQ Roll Call)

Democrats are targeting four seats in Illinois, where voters will pick their nominees Tuesday in the second congressional primaries of the year. 

It’s an early test for the party’s ability to nominate candidates it thinks are viable in the general election. Unlike in Texas, which held the cycle’s first primaries two weeks ago, there are no runoffs in Illinois. So a simple plurality would be enough to advance to the November general election. 

Illinois House Primaries Will Be Early Testing Ground for Democrats
Democrats have several pickup opportunities, but they need viable candidates first

Democrats are confident they’ll have a general election nominee who can take on Illinois GOP Rep. Peter Roskam. The primary is on March 20. (Bill Clark/CQ Roll Call file photo)

With early voting starting in less than a month, Illinois will be a testing ground for Democrats’ ability to nominate general election candidates they think can win out of crowded primaries. 

The Democratic Congressional Campaign Committee is targeting four Republican-held districts, but the committee is not explicitly picking favorites in all those primaries. 

Word on the Hill: Practice Mindfulness on Your Long Weekend
Chief of staff band warms up for the Nationals, and meatless dining in D.C.

The statue of Christopher Columbus is framed by wreaths left over from the 2014 Columbus Day celebration at Columbus Circle in front of Union Station in Washington, D.C. (Bill Clark/CQ Roll Call File Photo)

Senate staffers have the opportunity to work on being mindful today.

Mindcare: Mindfulness at Work, hosted by the Employee Assistance Program, is the first of several guided instruction sessions to help establish a mindful practice. It’s for Senate employees only from 11 a.m. to noon in the Capitol Visitor Center, Room SVC-215. Call 202-224-3902 to register.

Las Vegas Shooting Reignites Gun Debate on Capitol Hill
Members offer prayers and condolences to victims and families, tributes to police and first responders

People scramble for shelter at the Route 91 Harvest country music festival after a gunman opened fire, leaving at least 50 people dead and more than 2oo wounded. (David Becker/Getty Images)

Democratic lawmakers on Monday morning renewed their pleas for legislative action to restrict access to firearms after a gunman unleashed a storm of bullets on concertgoers on the Las Vegas Strip late Sunday night.

At least 58 people were killed, officials said. Multiple media outlets have reported that more than 500 people were taken to local hospitals for treatment in what is the deadliest mass shooting in U.S. history.