A hearing has been scheduled by the US House of Representatives Financial Services Committee to discuss the future of cryptocurrency and bring clarity to the digital assets ecosystem. While the committee did not reveal all the topics for discussion, it is anticipated that the forthcoming debate will address crucial issues in the crypto realm.
The House Financial Services Committee chairman, Representative Patrick McHenry, recently revealed a forthcoming full committee hearing called “Providing Clarity for the Digital Asset Ecosystem: The Future of Digital Assets.” 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 stated by the committee itself.
Although the committee refrained from offering specific details on the hearing’s agenda, members of the crypto community are eagerly anticipating that it will tackle critical issues within the industry. Following the sentiment, a lot of criticism revolved around the need for addressing what people referred to as “coordinated attacks” on crypto exchanges, specifically mentioning the recent lawsuits by the U.S. Securities and Exchange Commission (SEC) against Binance and Coinbase, a U.S.-based exchange.
In the meantime, certain members of the community have urged the committee to closely monitor SEC Chair, Gary Gensler. According to some, the SEC chief has allegedly disregarded the topics discussed in previous hearings.
The announcement comes in the wake of a recent hearing by the U.S. House of Representatives Agricultural Committee. On June 6, a hearing titled “Providing Clarity for Digital Asset Spot Markets: The Future of Digital Assets” took place. During the hearing, the committee engaged in discussions regarding the future of digital assets, with a particular focus on a draft bill co-authored by McHenry and Representative Glenn Thompson, the chair of the House Ag Committee.