The Senate Committee on Banking, Housing and Urban Affairs is scheduled for a crypto hearing next Wednesday to explore the “bipartisan legislative framework” of the digital assets sector.
Hearing Witnesses include Lewis Cohen, a crypto attorney and partner for Cahill Gordon & Reindel LLP. Jonathan Jachim, Deputy General Counsel for Kraken and Global Head of Policy and Government Relations. Jai Massari, Chief Justice of Lightspark.
Sen. Tim Scott (R-SC), formerly the new chairman of the Banking Committee. I said Establishing a digital asset framework was one of his top positions Legislative Priorities For the 119th meeting.
“Cryptocurrency has the potential to democratize the financial world. Working with President Trump, David Sachs and his colleagues in Congress, we will develop a regulatory framework for digital assets that encourage innovation in the US and not overseas. I look forward to that.”
Earlier this month, Scott announcement Establishment of a digital asset working group consisting of members of the Senate Banking Committee, the House Financial Services Committee, and the Senate and House Agriculture Committee.
“The concept we see today – synergy with the administration, home and Senate is not focused on ourselves, but on working-class Americans who need to lower prices and increase access. It's focused. [to financial services.] That's what helps bicameral working groups tackle. ”
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