A group in the US House of Representatives Financial Services Committee is preparing to set up a crypto committee to oversee the cryptocurrency industry in a more inclusive and detailed manner.
According to a January 12 report by Politico, Republicans in the US House of Representatives are skeptical of the crypto industry. tightening controls and regulations plans to set up a crypto committee for Standing out with his research on Digital Central Bank Currency (CBDC), French Hill is expected to chair this new subcommittee on digital assets, financial technology and inclusion. Subcommittee vice president on crypto matters also active Warren Davidson it will be.
Patrick McHenry, Chairman of the House Financial Services Committee, told Politico:
We must respond to oversight and policy making for a new asset class. This committee will be responsible for providing clear guidelines for federal regulators as well as creating policies that allow financial technology to reach underserved communities.