In an historic joint hearing in the U.S. House of Representatives, digital assets and its market structure impressively took center stage.
Titled “Joint Financial Services-Agriculture Subcommittee Hearing Entitled: The Future of Digital Assets: Measuring the Regulatory Gaps in the Digital Asset Markets,” the two digital assets subcommittees convened at the Longworth House Office Building. More here.
When all was said and done, the fact two House Congressional subcommittees met for over 3 hours on digital assets was the victory for pro-crypto forces as bipartisan interest in crypto is – at best – shared behind closed doors.
Beginning with a sanguine opening statement by House Agriculture Digital Assets Subcommittee Chair Rep. Dusty Johnson (R, SD), a skeptical Democratic point-of-view was expressed by Ranking Member Rep. Yadira Caraveo (D, CO). on digital assets. It was a familiar political cadence for much of the day and since the FTX implosion…
interest in legislation
Chair Rep. French Hill (R, AR) of House Financial Services (HFS) Subcommittee on Digital Assets, Financial Technology and Inclusion made clear in his opening statement that he thinks Democrats are interested in creating a digital assets framework.