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November 3, 2019

AUSTIN (KXAN) — A House divided down the middle took steps forward Thursday to formalize the impeachment inquiry process and make the ongoing congressional investigation open to the public.

The resolution was approved with a vote of 232 to 196. All of the Texas Democrats voted for the resolution. All of the Republicans voted no.


November 1, 2019

WASHINGTON — The U.S. House took a formal step Thursday toward impeaching President Donald Trump as the chamber passed a measure that lays down the rules going forward in the current fact-finding phase.


October 25, 2019

The 2018 midterm elections gave the United States a staggering 116th Congress, important in part for the number of women who assumed office and for the diversity among those women.

The first openly gay member of the Senate. The first two Muslim women elected to Congress. The first two Native American congresswomen. The youngest woman elected to Congress.


October 24, 2019

WASHINGTON – Facebook CEO Mark Zuckerberg told lawmakers that the company would pull out of the Libra Association in the event the consortium launched its proposed cryptocurrency without all needed regulatory approvals.


October 24, 2019

WASHINGTON — Six hours after lawmakers began grilling Facebook CEO Mark Zuckerberg on his cryptocurrency plans, House members from both sides of the aisle expressed dissatisfaction with the lengthy testimony.

Zuckerberg took questions from the House Financial Services Committee on Wednesday, three months after David Marcus, Facebook's cryptocurrency chief, failed in his testimony to give politicians confidence that the company would wait for a regulatory structure before launching its libra project.


October 24, 2019
The United States Congress is considering a bill that clarifies and regulates stablecoins as investment contracts hence as securities. Stablecoins are once again in the limelight. Based on reports, the U.S. Congress Rep for Texas's 29th congressional district, Sylvia Garcia, filled a draft bill to the House Financial Services Committee.

Stablecoins are Securities Act of 2019

The bill plans to regulate stablecoins under the Securities Act of 1933.


October 23, 2019

WASHINGTON, DC —Today, Congresswoman Sylvia Garcia joined democratic members of the House Judiciary Committee to pass H.R. 4, the Voting Rights Advancement Act of 2019, out of committee. Congresswoman Garcia released the following statement:


October 23, 2019

On Tuesday, Rep. Sylvia Garcia (D-Texas) proposed a draft bill that may include stablecoins into the scope of the Securities Act of 1933.


October 23, 2019

Facebook's crypto-project initiative ‘Libra' has been confronting various hindrances before an actual take-off, talk of the town across the globe as some G7 finance ministers and the central bank governors showed some sort of scepticism on this project but reinstating the project is the most buzzing topic even within the U.S. region. The recent trend is that, in the house of representatives for Texas's 29th congressional district, Sylvia Garcia, announced a draft bill to the House Financial Services Committee on Oct. 18.


October 23, 2019

TBCASoft, IBM, and SoftBank announced a blockchain-based cross-carrier system (CCPS) for mobile payments. This payment system would enable its users for payments using their phones on local merchants. CCPS is designed for interoperability across different telecom carriers, which should allow the creation of a network of merchants accessible to users of the CCPS system.