House Financial Services and House Agriculture subcommittees considered testimony on creating digital asset regulation and defining the SEC’s and the CFTC’s related jurisdiction.
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Witnesses at the House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion debated how to regulate digital assets.
In a full committee hearing, the Senate Banking Committee assessed various approaches to cryptocurrency regulation, addressing stablecoin/DeFi regulation, investor protections, and collaboration between the SEC and CFTC.
A bipartisan group of U.S. Senators introduced legislation that would establish a framework for the CFTC to regulate the spot market for digital commodities.
The U.S. House of Representatives passed a bill that would direct the CFTC and SEC to jointly create a digital assets working group.