US House Committee Schedules Hearing on Cryptocurrency

The Financial Services Committee of the United States House of Representatives has scheduled a hearing on cryptocurrency to discuss its future and provide clarity for the digital asset ecosystem.

The chairman of the House Financial Services Committee, Representative Patrick McHenry, announced a full committee hearing on June 6 titled “The Future of Digital Assets: Providing Clarity for the Digital Asset Ecosystem.” The scheduled hearing date is June 13 at 2:00 p.m. Eastern Time.

According to the committee’s website, the hearing will be broadcast live.

Through its oversight of individual reserve banks, the Federal Reserve Board, the United States Treasury, the capital markets, and currency production, the Financial Services Committee supervises the nation’s economy.

Members of the crypto community hope the hearing will address some of the most pressing issues in the space, even though the committee did not provide more information about what will be discussed.

A Twitter user suggested that addressing what they termed “coordinated attacks” on cryptocurrency exchanges would be beneficial, referring to the recent litigation filed by the U.S. Securities and Exchange Commission (SEC) against Binance and Coinbase.

Meanwhile, other community members have requested that the committee keep SEC Chair Gary Gensler in check.

A community member believes that the SEC chairman has “disregarded” what has been discussed at previous hearings.

The announcement follows a recent hearing of the Agricultural Committee of the United States House of Representatives.

On June 6, a hearing was titled “The Future of Digital Assets: Providing Clarity for Digital Asset Spot Markets.”

The committee also discussed the future of digital assets, specifically the bill proposal authored by Representatives McHenry and Glenn Thompson, chair of the House Ag Committee.