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.
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House Financial Services Committee Chair Patrick McHenry (R-NC) and House Agriculture Committee Chair Glenn Thompson (R-PA) proposed legislation that would establish a digital asset framework and provide for related joint rulemaking from the CFTC and the SEC.
Ranking Member of the House Committee on Agriculture Glenn Thompson (R-PA) released a revised draft of the Digital Commodity Exchange Act, a bill "to bring certainty to developers, intermediaries, and customers in the digital asset marketplace by establishing clearly defined rules."
In a letter to SEC Chair Gary Gensler, Senator Elizabeth Warren requested information on the SEC's authority to regulate cryptocurrency exchanges.
The House Financial Services Committee approved six bills intended to enhance capital formation.