US Financial Services Committee to Discuss Future of Cryptocurrency

    Although the U.S. House of Representatives committee did not reveal all the topics to be discussed, the community anticipates that the hearing will cover significant concerns within the space.

    The United States House of Representatives Financial Services Committee has scheduled a hearing on cryptocurrency to discuss its future and provide clarity for the digital assets ecosystem. The hearing, titled “The Future of Digital Assets: Providing Clarity for the Digital Asset Ecosystem,” was announced by Representative Patrick McHenry, the House Financial Services Committee chairman, on June 6. The hearing is scheduled to take place on June 13 at 2:00 pm Eastern Time and will be live-streamed on the committee’s website.

    A screenshot has been provided to showcase the announcement of a hearing on the future of the digital asset ecosystem and Congress’s efforts to establish clear rules of the road. (Source:

    As the committee oversees the country’s economy through its supervision of individual reserve banks and the Federal Reserve Board, the United States Treasury, the capital markets, and currency production and distribution, the crypto community is hopeful that the hearing will address some of the most pressing issues in the space. 

    Although the committee did not provide more detailed information about what will be discussed in the hearing, a Twitter user suggested that addressing what they described as “coordinated attacks” on crypto exchanges would be beneficial, referring to the U.S. Securities and Exchange Commission’s (SEC) recent lawsuits against Binance and the U.S.-based exchange, Coinbase.

    Some members of the community have urged the committee to ensure that SEC Chair Gary Gensler is held accountable, as they believe he has ignored previous hearing discussions. 

    This committee hearing announcement comes after the recent U.S. House of Representatives Agricultural Committee hearing on June 6, titled “The Future of Digital Assets: Providing Clarity for Digital Asset Spot Markets.” During this hearing, the committee discussed the future of digital assets, including Representative Glenn Thompson and McHenry’s draft bill.

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