Congress is looking to put digital regulation on more stable footing in 2023.
CQ-Roll Call, Inc via Getty ImagesAs the new 118th Congress finalizes committee memberships, the Republican-led House of Representatives is already proving to show signs of a fresh approach to the question of how cryptocurrencies will be regulated in the U.S. One of the first actions in January under the House Financial Services Committee by the newly appointed chair, Congressman Patrick McHenry , has been the creation of a new subcommittee dedicated to digital-asset policy.
The new chair of the Subcommittee on Digital Assets, Financial Technology and Inclusion is Rep. French Hill , who shared with me what his goals are for the digital-assets industry. He highlighted setting clear rules and said he plans to focus on payments.focused on digital assets in 2022.
Rep. French Hill , chairman of the Subcommittee on Digital Assets, Financial Technology, and Inclusion.The remit of the new Subcommittee on Digital Assets, Financial Technology and Inclusion in Congress includes:Developing policies that promote financial technology reaching underserved communities Identifying best practices and policies to strengthen diversity and inclusion in the digital-assets industrythe full roster of their members who will serve on the new subcommittee. Democrats are expected to announce their assignments to this subcommittee shortly.
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