Senate Banking Committee Chair Sherrod Brown (D-OH) pressed Treasury, the SEC and the CFTC to take further action to remedy disclosure deficiencies associated with digital asset tokens and digital asset platforms.
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Strengthening Democracy Task Force Co-Chair John Sarbanes (D-MD) and Representative Jamie Raskin (D-MD) urged the CFTC to reject a "congressional control event contract proposal" which would allow individuals to bet on a political party’s control in Congress.
House Financial Services Subcommittee Chair French Hill (R-AR), House Agriculture Committee Chair Glen "GT" Thompson (R-PA) and House Agriculture Subcommittee Chair Dusty Johnson (R-SD) introduced legislation to authorize the SEC and the CFTC to establish a registration framework for digital assets and support further research on emerging technologies.
House Financial Services Committee Ranking Member Maxine Waters (D-CA) requested analysis and recommendations from Treasury and the SEC on the Republican-proposed legislation that would establish a digital asset framework.
The House Financial Services Committee considered testimony on a proposed discussion draft of a legislative proposal to establish a digital asset framework and provide for related joint rulemaking from the CFTC and the SEC.