Joint U.S. House Hearing on Crypto’s Future Opens With Discord

of the two most crypto-relevant committees in the U.S. House of Representatives was called to work out the best legislative approach to digital assets, but one of the top Democrats questioned whether Congress should be writing a bill at all.

“I’m worried that erecting a new law could be viewed as a light touch,” Lynch said in his opening remarks, and it could encourage other sectors to move their own financial products into the digital-assets space. “Creating a separate regulatory regime through legislation is not the answer.”

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What to Expect From House Lawmakers's Hearing on Future of Digital AssetsHouse Financial Services Committee chairman Patrick McHenry (R-NC), along with the House Committee on Agriculture chairman Glenn 'GT' Thompson (R-PA), are holding a joint subcommittee hearing that aims to measure the 'regulatory gaps in the digital asset markets.' CoinDesk's Global Policy and Regulation Managing Editor Nikhilesh De discusses what to expect from the hearing and the timeline for drafting crypto legislation.
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