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Homepage > News > Finance > US House hearings focus on unclear digital asset regulation The United States Congress continues to push President Trump’s crypto agenda with two House Committee hearings on April 9 under the title “American Innovation and the Future of Digital Assets.” In the first of the hearings, the House Committee on Financial Services heard from industry witnesses on the state of U.S. securities laws and how digital asset should be accounted for in the regulation. Later in the day, in the slightly less legislation-focused of the two hearings, the House Committee on Agriculture heard testimony from several businesses and entrepreneurs working with blockchain to solve real-world problems. The timing of the hearings—and their shared heading—are part of a coordinated effort by leading Republicans in Congress to progress digital asset policy in the U.S. This was outlined by Rep. French Hill (R-AR) and Glenn Thompson (R-PA)—who Chair the House Committee on Financial Services and House Committee on Agriculture, respectively—when they outlined their six principles for digital asset market structure legislation in an April 4 op-ed. In the op-ed, they laid out the case for creating clear rules and legislation to protect and foster digital asset innovation. In Wednesday’s first hearing, fellow Republican Bryan Steil (R-WI), chair of the Digital Assets, Financial Technology, and Artificial Intelligence Subcommittee, kicked off the day’s events by praising the op-ed and reiterating the need for regulatory clarity. Aligning the US Securities Laws for the Digital Age “As digital assets and blockchain technology gained prominence, the Biden-Harris administration’s hostile approach drove the digital asset ecosystem to jurisdictions with already established frameworks,” said Steil in his opening remarks. He added, “Now we have an opportunity to correct course and make the United States the epicenter of this ecosystem.” Rep. Steil argued that advancing stablecoin…

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Filed under: News - @ April 11, 2025 3:24 pm