A session titled “The Future of Digital Assets: Measuring Regulatory Gaps in Digital Asset Markets” was held in the US Congress last May. The joint committee session held by the House of Representatives Financial Services Committee and Agriculture Committee focused on supporting existing laws with crypto amendments rather than developing new US crypto legislation.

Patrick McHenry, Chairman of the Financial Services Committee of the U.S. House of Representatives, told his committee this morning that he plans to hold a session to discuss, amend, and possibly move forward legislation that will make it easier for digital assets to become commodities.
The legislation, drafted by McHenry and Republican chairman of the House Agriculture Committee, Glenn Thompson, requires the support of Democrats in the Senate and the signature of President Joe Biden to become law.
The committee will also discuss a separate bill written by McHenry and Representative French Hill to establish a comprehensive regulatory framework for stablecoins.
to be voted on in July
During the July session, committee members will be given the opportunity to propose changes to the text. The final version of the text will then be subject to a vote in favor or against. Removing bills from committee will prepare them for consideration and vote by the entire House of Representatives.
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