US Representatives Plan Series of Congressional Hearings This Month To Discuss Clear Rules for Crypto

Members of the U.S. House of Representatives are planning a series of hearings to discuss clear crypto guidelines.

In a new press release, the heads of four different Committees within the House say they are planning to hold multiple meetings to identify regulatory issues within the crypto industry and solve them.

The lawmakers say they will strive to find a balance between protecting investors without stifling innovation.

“It’s clear digital assets, and their underlying blockchain technology, hold real promise. The transformational nature of this technology also creates regulatory challenges affecting both the House Agriculture and Financial Services Committees.

Our Committees are embarking on an unprecedented joint effort to pass and sign into law clear rules of the road for the digital asset ecosystem. We must strike the appropriate balance to protect consumers without stifling responsible innovation.

This week, we are holding complementary subcommittee hearings to identify regulatory gaps related to digital assets. Next month, we will hold a joint subcommittee hearing to consider ways to close those gaps. We are committed to finding workable solutions that provide much-needed regulatory clarity and certainty, while still adhering to time-tested principles that protect market participants.”

The members involved include Representatives Patrick McHenry of North Carolina, Chair of the House Financial Services Committee; Glenn Thompson of Pennsylvania, Chair of the House Agriculture Committee; French Hill of Arizona, Chair of the Digital Assets, Financial Technology and Inclusion Subcommittee; and Dusty Johnson of South Dakota, Chair of the Commodity Markets, Digital Assets, and Rural Development Subcommittee.

Though the meetings are planned for the near future, no official dates have been set yet.

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