U.S. Congress' 'first ever' subcommittee on digitalassets has been formed as part of the House Financial Services Committee. crypto cryptocurrency
U.S. Congress’ “first ever” subcommittee on digital assets has been created as part of the House Financial Services Committee. “We want to create a regulatory legal framework for digital assets … that makes America a leader from an innovation point of view but also protects consumers and investors,” explained Congressman French Hill, who will lead the digital asset subcommittee.The U.S.
The tasks of the new subcommittee include “Providing clear rules of the road among federal regulators for the digital asset ecosystem, developing policies that promote financial technology to reach underserved communities, [and] identifying best practices and policies that continue to strengthen diversity and inclusion in the digital asset ecosystem,” the House Financial Services Committee explained.
“I look forward to working with him to provide clear rules of the road for this ecosystem that protect consumers, while allowing innovation to thrive here in the U.S.,” McHenry added, noting: “Digital assets are something that need oversight and need consumer protection and need the right framework,” Hill detailed on CNBC in reply to a question about whether cryptocurrency should be legal in the U.S. or whether it is a Ponzi scheme.
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