Today, the U.S. House Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence is holding a hearing at 2:30 PM EST at the Rayburn House Office Building.
The hearing, “A Golden Age of Digital Assets: Charting a Path Forward,” will focus on the present condition of digital assets and debate regulatory approaches to promote innovation while preserving financial stability and consumer safety.
This hearing will serve as a forum to discuss what legislation is necessary to provide strong customer protections and allow the ecosystem to flourish in the United States.
There will be key witnesses who will provide insight into the evolving digital asset landscape and the role of regulation in shaping its future.
- Jonathan Jachym, Deputy General Counsel at Kraken
- Ji Hun Kim, President and Acting CEO of the Crypto Council for Innovation
- Coy Garrison, a Partner at Steptoe LLP
- Jose Fernandez da Ponte, Senior Vice President at PayPal
- Timothy Massad, a Research Fellow at Harvard’s Kennedy School of Government
In the hearing, they will discuss a resolution expressing support for blockchain technology, highlighting its potential for innovation and economic growth. They will also debate the Securing Innovation in Financial Regulation Act, which would establish specialized hubs within the SEC and CFTC to better handle emerging financial technologies.
Another key topic is the New Frontiers in Technology (NFT) Act, which needs to clarify that NFTs are not securities and calls for a government study on their impact. The BRIDGE Digital Assets Act will also be discussed, proposing a joint advisory committee between the SEC and CFTC to create clearer digital asset regulations.
Furthermore, lawmakers will review a proposal requiring a study on decentralized finance (DeFi) and the STABLE Act of 2025, which aims to create a regulatory framework for stablecoins to ensure consumer protection while fostering innovation.
Also Read: New Congress, Fresh Opportunities for Crypto Legislation in 2025
