• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

The US House of Representatives will set up a new committee to form regulation of digital asset management

189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

Gate.io implements zero-knowledge technology for new PoR asset proofing

Gate.io implements zero-know-how technologies for new PoR asset proofing

November 27, 2023
South Korea prepares to test digital currency for citizens

South Korea prepares to check digital currency for citizens

November 23, 2023

U.S. House of Representatives Digital Assets Committee Chairman French Hill mentioned regulating stablecoins would be the committee’s best priority.

The US House of Representatives will set up a new committee to form the regulation of digital assets

Reply to the interview CoinDesk, Congressman French Hill, the very first chairman of the new “Digital Assets, Financial Technology, and Popularity Committee” produced by the US House of Representatives in January 2023, mentioned regulating stablecoins will be best priority talked about by lawmakers. This committee will be a sub-organization of the Financial Services Committee of the US House of Representatives.

The Arkansas congressman mentioned the draft that is getting finalized by the committee will present how US officials must strategy stablecoins, a little something that was hotly debated in 2022 soon after the executive purchase on regulating the digital asset sector of President Biden and in particular soon after the collapse of the LUNA – UST model.

Mr. Hill additional that the committee intends to pursue privacy laws, which the congressman considers really crucial in the digital age and plays an crucial position in the transition to the digital economic system.

The Digital Assets Commission also would like to hold hearings with the two the US fiscal regulator and occasions that have taken area more than the previous yr to understand from it.

However, President Hill mentioned there is nevertheless no agreement as to irrespective of whether the US Securities and Exchange Commission (SEC) or the Asset Futures Trading Commission (CFTC) will be the unit to oversee cryptocurrency trading. This will also be a single of the key subjects talked about by the committee in 2023.

As a outcome, the Digital Assets Committee will function with the Senate Banking Committee and the House Financial Services Committee to decide on the ideal program of action that will assure that progress is most valuable to the inventor, client and investor neighborhood. .

Concluding the interview, MP French Hill highlighted a crucial element influencing the total advancement of the cryptocurrency industry, which is “having accurate and timely information”, and primarily based on the definition of sources to be capable to make your mind up how to control the digital assets of consequence.

The United States has lately stepped up its investigation into cryptocurrency violations, frauds and scams this kind of as the FTX crash with CEO Sam Bankman-Fried, suspicions of Binance’s income laundering conduct, the Mango Markets hack by Avraham Eisenberg and the Genesis Crisis – DCG.

Synthetic currency68

Maybe you are interested:

Maybe you are interested:

Tags: assetCommitteeDigitalestablishHouseManagementRegulationRepresentativesshape
Share76Tweet47

Related Posts

Turkey Blocks PancakeSwap and 45 Crypto Websites

by shark
July 7, 2025
0

Turkey's CMB blocks PancakeSwap and 45 crypto sites amid regulatory crackdown.

Bitcoin Whale Address Potentially Hacked Raises Alarms

by shark
July 7, 2025
0

A dormant Bitcoin whale address containing around $8.6 billion has shown unusual activity, sparking fears of a potential hack and...

World Liberty Financial Proposes Community Vote on Token Trading

by shark
July 7, 2025
0

World Liberty Financial, a DeFi platform backed by the Trump family, announces a community vote to decide the trading status...

Binance Founder Reflects on Crypto Entry Timing

by shark
July 6, 2025
0

Changpeng Zhao's reflections highlight the impact of early Bitcoin adopters and address scrutiny of Binance's transparency measures.

Amber International Shares Decline After Crypto Reserve Expansion

by shark
July 6, 2025
0

Amber International sees a 6.7% drop in shares, linked to its crypto reserve expansion including Sui, XRP, and BNB.

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • 4 Top Altcoins to Watch in 2025: BlockDAG, HYPE, ONDO, and XMR Compared
  • Turkey Blocks PancakeSwap and 45 Crypto Websites
  • Bitcoin Whale Address Potentially Hacked Raises Alarms
  • World Liberty Financial Proposes Community Vote on Token Trading
  • Binance Founder Reflects on Crypto Entry Timing
  • Amber International Shares Decline After Crypto Reserve Expansion
  • Arctic Pablo, Artificial Liquid Intelligence, and Shiba Inu: Top Meme Coins to invest in This Week
  • Turkey Blocks Access to 46 Crypto Platforms
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7