US House Committees To Hold Joint Hearings On Digital Asset Regulations

The US House Financial Services and Agriculture Committees, along with the Digital Assets, Financial Technology and Inclusion Subcommittee, and the Commodity Markets, Digital Assets, and Rural Development Subcommittee will hold joint hearings in May to establish regulatory clarity for the digital asset ecosystem. Representative Patrick McHenry, the House Financial Services Committee chairman, has announced that the hearings aim to establish a bill providing regulatory clarity to the crypto sector, which adds to the work on a bipartisan bill led by crypto-friendly Senator Cynthia Lummis and Senator Kirsten Gillibrand. (Read More)

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Key Takeaways from Operation Chokepoint 2.0 Congressional Hearings

Operation Choke Point was a controversial initiative by the U.S. Department of Justice that aimed to crack down on illegal activities involving payment processors. The program came under scrutiny during Congressional hearings, where lawmakers debated its impact on law-abiding businesses. One of the main lessons to be learned from these hearings is the importance of [...]

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US House to Hold Joint Hearings on Digital Assets

The House Financial Services Committee, Agriculture Committee, and subcommittees will hold joint hearings in May on establishing a bill to provide regulatory clarity to the digital asset ecosystem. The hearings will focus on addressing the market structure and striking a balance between protecting consumers and promoting responsible innovation. The goal is to report a bill out that deals with the capital raising piece for digital assets, all the way through to how a product can go from a securities regime to commodities regime, while preserving rights around products that do not fit into either regime. (Read More)

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