US Digital Assets Subcommittee to hold hearing on bipartisan crypto legislation The US Senate Banking Committee, chaired by Sen. Cynthia Lummis, will hold a hearing titled Exploring Bipartisan Legislation on Digital Assets to examine cryptocurrency regulation.
NEW: The @BankingGOP committee's
#Digital Assets Subcommittee, chaired by @SenLummis, will hold a hearing Wednesday titled Examining a Bipartisan Legislative Framework on Digital Assets.
Witnesses include: scheduled for Feb. 26 The hearing, scheduled for Feb. 26, is a new attempt to develop clear guidelines for the digital asset industry, where progress has been stalled by congressional obstruction, according to a statement from
Republican Senator Tim Scott of South Carolina, who currently chairs the committee. Scott has expressed strong support for the
#cryptocurrency sector, and there are high hopes that this will be a more constructive discussion.
industry representatives, including legal experts from
#Kraken and Lightspark, will talk about what regulatory frameworks can foster innovation and growth in the sector. Lewis Cohen, partner at Cahill Gordon and Reindel LLP, Jonathan Jahim, deputy general counsel and global head of policy and government relations at Kraken, and additional witnesses may be added during the hearing. The hearing comes at a critical time for the crypto industry, which is facing increased regulatory scrutiny and calls for clearer compliance measures
The outcome could shape the direction of U. S. digital asset policy and impact the global crypto economy.
the hearing will be streamed live on the internet, but will not be accessible until after the hearing.
closed captioning, etc. Anyone requiring accessibility services should contact the committee's secretariat at least three business days before the hearing.
According to FOX Business and Punchbowl News, the U. S. Senate Banking Committee will create the first-ever cryptocurrency subcommittee chaired by Senator Cynthia Loomis.
This comes a month after President Donald Trump's inauguration in January.
Read us at:
Compass Investments #CryptoTrends