Now that Republicans have management of the House of Representatives, they're hoping to set the agenda for crypto. Financial Services committee Chair Patrick McHenry (above) has introduced a Subcommittee on Digital Assets, Financial Technology and Inclusion that goals to set coverage for applied sciences like cryptocurrency. Headed by Rep. French Hill, the panel hopes to ascertain "clear rules of the road" for federal regulators, create insurance policies that carry monetary expertise to poorly served communities and bolster variety and inclusiveness in digital property.
In an interview with Politico, McHenry mentioned he was creating the subcommittee to handle a "big hole" in Financial Services' strategy to crypto points. McHenry considers crypto regulation his important legislative precedence, and panel chair Hill has led the GOP's investigation of a possible central bank-backed cryptocurrency.
The transfer comes as regulators battle to search out frequent floor on crypto. While businesses just like the Securities and…
2023-01-13 11:55:21
Article from www.engadget.com
