The United States House of Representatives Financial Services Committee has scheduled a hearing to discuss the future of digital assets and provide clarity for the digital asset ecosystem.
Representative Patrick McHenry, the chairman of the committee, announced the full committee hearing titled “The Future of Digital Assets: Providing Clarity for the Digital Asset Ecosystem.” The hearing is set to take place on June 13 at 2:00 pm Eastern Time and will be live-streamed on the committee’s website.
As the committee oversees the country’s economy, including the Federal Reserve Board, the United States Treasury, and capital markets, this hearing holds significance for the crypto community. While specific details about the hearing’s agenda were not provided, community members are hopeful that it will address pressing issues in the crypto space.
Some individuals have expressed the need to discuss “coordinated attacks” on crypto exchanges, likely referring to recent lawsuits filed by the U.S. Securities and Exchange Commission against Binance and Coinbase.
Additionally, there are calls for the committee to keep SEC Chair Gary Gensler in check, with concerns that he has disregarded previous discussions held during hearings.
This announcement follows another hearing held by the U.S. House of Representatives Agricultural Committee titled “The Future of Digital Assets: Providing Clarity for Digital Asset Spot Markets.” During that hearing, discussions revolved around the future of digital assets, specifically focusing on a draft bill authored by Representative Patrick McHenry and Representative Glenn Thompson, who serves as the House Ag Committee chair.