The upcoming FCA meeting aims to provide regulatory clarity for the digital asset ecosystem, cryptocurrencies, blockchain development and stablecoin payments.
Patrick McHenry, Chairman of the House Financial Services Committee (FSC), announced that several pieces of legislation have been flagged, three of which are cryptocurrencies, blockchain development and stablecoin payments, aimed at providing regulatory clarity for the digital asset ecosystem.
Financial Services Committee meeting at the door
The Financial Services Committee will meet on July 26 to mark HR 4763, Financial Innovation and Technology for the 21st Century Act, HR 4766, Payment Net Stablecoins Act 2023, and HR 1747, Blockchain Regulatory Certainty Act. Aiming to bring regulatory clarity to the issuance of stablecoins designed for use as a means of payment, McHenry made several comments.
U.S. Representative French Hill, who serves as Chair of the Digital Assets Subcommittee, said that creating a functional regulatory framework protects investors from financial fraud. said.
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