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The US Financial Services Board has scheduled a Digital Assets Hearing to discuss digital assets and bring clarity to the ecosystem.
On June 6, Patrick McHenry, chairman of the House Financial Services Committee, announced a full committee hearing titled “The Future of Digital Assets: Bringing Clarity to the Digital Asset Ecosystem.” The hearing will take place on June 13 at 18:00 (UTC) at the Rayburn House office building. According to the committee, the hearings will also be broadcast live on its website.
The Financial Services Committee is responsible for overseeing the country’s economy. It does this by overseeing individual reserve banks and the Federal Reserve Board, the United States Treasury, the capital markets, and the production and distribution of currency.
While the committee hasn’t provided more details on what will be discussed at the hearing, community members hope it will address some of the most pressing issues in the space.
A Twitter user commented that it would be good to consider what they called “coordinated attacks” on cryptocurrency exchanges, citing the US Securities and Exchange Commission (SEC) pursuing Binance cryptocurrency exchange and suing Coinbase almost immediately after.
Dear senators, show us action if you believe in justice. @GaryGensler is completely disregarding everything you talked about in previous hearings and is basically saying he doesn’t care what you say or do. At this point in time, it feels like Gensler has more power than Senate.
— Gdee (@Gdemen_) June 6, 2023
Meanwhile, other members of the community called on the committee to keep SEC Chairman Gary Gensler in check. The community member believes that the SEC chairman “ignored” what was discussed in previous hearings.
Related: Binance lawsuit: 61 cryptocurrencies are now treated as securities by the SEC
The hearing announcement follows a recent U.S. House of Representatives Agriculture Committee hearing. The hearing was titled “The Future of Digital Assets: Bringing Clarity to Digital Asset Spot Markets” on June 6. There, the House Agriculture Committee also discussed the future of digital assets, specifically the bill sponsored by McHenry and House Ag Chairman Glenn Thompson.