This month, the House has been busy with a series of congressional hearings on topics such as stablecoins, spot markets, and token classification. Representatives from the Financial Services and Agriculture Committees’ Digital Asset subcommittees heard from industry representatives and financial professionals about the challenges that arise when attempting to police the crypto business. Both committees are led by Republicans, but party lines remain visible throughout the House. The House Agriculture and Financial Services Committees will host a joint hearing on digital assets next month. Rep. French Hill, R-Ark., and ranking member Maxine Waters, D-Cali., are opposed to a draught bill for stablecoins.
This month, the House has been busy with a series of congressional hearings on topics such as stablecoins, spot markets, and token classification. Representatives from the Financial Services and Agriculture Committees’ Digital Asset subcommittees heard from industry representatives and financial professionals about the challenges that arise when attempting to police the crypto business. Both committees are led by Republicans, but party lines remain visible throughout the House. The House Agriculture and Financial Services Committees will host a joint hearing on digital assets next month. Rep. French Hill, R-Ark., and ranking member Maxine Waters, D-Cali., are opposed to a draught bill for stablecoins.
