US Financial Services Committee to hold discussion on future of crypto

US Financial Services Committee to hold discussion on future of crypto

The U.S. House of Representatives Committee did not reveal all topics for discussion. However, the community expects that the hearing will address critical issues within the space.

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The United States House of Representatives Financial Services Committee is holding an hearing on cryptocurrency to discuss its future, and to provide clarity for the ecosystem of digital assets.

, the chairman of the House Financial Services Committee, Patrick McHenry , announced an full committee hearing on June 13th at 2:00pm Eastern Time. The committee has announced that the hearing will be streamed live on its website.


Screenshot of the announcement of a hearing on the future of the digital asset ecosystem and Congress’s efforts to provide clear rules of the road. Source: financialservices.house.gov

The Financial Services Committee supervises the economy of the United States through the supervision of the Federal Reserve Board and individual reserve banks, as well as the United States Treasury and capital markets.

The committee has not provided more information on what will be discussed at the hearing. However, the crypto community is hoping that it will address the most pressing issues within the space.

A Twitter user said that it would be beneficial to address what they called “coordinated attack” on crypto exchanges. They were referring the recent lawsuits filed by the U.S. Securities and Exchange Commission (SEC) against binance and the U.S. based exchange, Coinbase.

Other community members have referred to in the committee, keeping SEC Chair Gary Gensler under control. One community member feels that the SEC head has “disregarded’ what was discussed at previous hearings.

Related: Binance lawsuit – 61 cryptos are now viewed as securities by SEC

The announcement comes after a hearing held by the U.S. House of Representatives Agricultural Committee. The hearing took place on June 6th, and was titled “The Future of Digital Assets – Providing Clarity to Digital Asset Spot Markets”. also discussed the future of Digital Assets.

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