Cryptography committee May Appear in U. S.
2023.01.13 15:33
Cryptography committee May Appear in U. S.
By Kristina Sobol
Budrigannews.com – According to reports, Republicans in the House of Representatives of the United States intend to establish a brand-new subcommittee in order to intensify their oversight of the cryptocurrency sector.
Politico reported on January 12 that House Financial Services Committee chair North Carolina Representative Patrick McHenry planned to establish the subcommittee in part due to “a big hole” in the committee’s structure. The new panel, which will focus on financial inclusion, digital assets, and financial technology, will be led by Arkansas Representative French Hill and vice chaired by Ohio Representative Warren Davidson.
According to reports, McHenry stated, “We have to respond for oversight and policymaking on a new asset class.”
One of the first actions taken by House Republicans in the 118th Congress since the party gained majority control of the chamber on Jan. 3 was the reported legislative decision. Because Republicans were unable to elect a House Speaker, lawmakers were unable to adopt rules, assign committees, or pass legislation for four days during the new session. Before California Representative Kevin McCarthy could officially hold the gavel, there were fifteen rounds of voting.
The House Financial Services Committee is expected to hold another hearing under McHenry to investigate the FTX collapse. In December, the committee held its first hearing on the subject, and McHenry stated at the time that lawmakers would meet again to discuss FTX sometime in
