Statements from Republican lawmakers ahead of the inaugural hearing of the United States House of Representatives subcommittee focused on digital assets, financial technology and inclusion suggest partisan divides on crypto regulation.
In a March 6 memo, House Financial Services Committee Republicans said the first hearing of the Subcommittee on Digital Assets, Financial Technology, and Inclusion would focus on the Biden administration’s “attack on the digital asset ecosystem”. The hearing is scheduled to take place on March 9 as one of the first since Representative Patrick McHenry became committee chair at the start of the 118th Congress.
“Over the last two years, the Biden Administration has issued statements and proposed rulemakings that have inappropriately impacted the digital asset ecosystem,” said the memo. “Many of these actions can be
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