Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
House subcommittee opens push for comprehensive digital-asset market-structure legislation
Summary
A House Financial Services subcommittee hearing featured sharply contrasting views on how to classify and regulate digital assets, with witnesses urging a tailored, technology-aware regulatory framework and some members warning of reduced investor protections and enforcement cuts.
The Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence convened a hearing titled “American Innovation and the Future of Digital Assets, Aligning the US Securities Law for the Digital Age,” opening a multiweek effort to craft market-structure legislation for digital assets.
At the hearing, Subcommittee Chairman Stile said the panel will “examine what aspects of the ecosystem are implicated by securities laws and analyze the challenges of applying these laws,” and pressed for legislation to provide clear rules for issuers and intermediaries. Ranking Member Lynch and other Democrats warned that legislative changes could lower investor protections and criticized recent agency actions and enforcement reductions.
Witnesses gave sharply different prescriptions. Rodrigo Seira, special counsel at Cooley, argued the existing securities-law framework is “not fit…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
