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US House of Representatives Create New Cryptocurrency Committee

A new subcommittee that will work toward cryptocurrencies and other digital assets has been created.The sub-committee is set to introduce new rules for crypto regulatory...
US House of Representatives Create New Cryptocurrency Committee US House of Representatives Create New Cryptocurrency Committee

  • A new subcommittee that will work toward cryptocurrencies and other digital assets has been created.
  • The sub-committee is set to introduce new rules for crypto regulatory authorities.
  • Republican Congressman French Hill will head the committee.

On Thursday, Congressman Patrick McHenry revealed that the U.S. House of Representatives has created a new congressional subcommittee that will work toward cryptocurrencies and other digital assets. The committee will help in making more Americans gain access to novel financial products while also taking care of the safety of the country’s financial system.

According to the press release, the Subcommittee on Digital Assets, Financial Technology, and Inclusion will introduce new rules for regulatory authorities and will cover subjects including digital currencies.

The subcommittee will also create policies to further encourage digital financial technology and strengthen diversity and inclusion in the digital asset industry.

The sub-committee will be headed by Republican Congressman French Hill, who has already worked for this committee in the past. Hill has also previously handled Task Forces on Financial Technology and Artificial Intelligence.

In his statement, Hill noted:

At a time of major technological advancement and change in the financial sector, it is our job to work across the aisle and promote responsible innovation while encouraging FinTech innovation to flourish safely and effectively in the United States.

Note that this subcommittee will be the first of its kind in the United States that will be operated under the House Financial Services Committee and particularly focuses on digital assets. The decision to form a new subcommittee came after the controversial fall of the crypto exchange FTX; as a result of which, the House Financial Services Committee ordered a probe into the FTX case.

The post US House of Representatives Create New Cryptocurrency Committee appeared first on Coin Edition.

See original on CoinEdition

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01-05-2024 10:45:17 (UTC+7)

EUR/USD

1.0658

-0.0008 (-0.07%)

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EUR/USD

1.0658

-0.0008 (-0.07%)

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↑ Sell

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GBP/USD

1.2475

-0.0015 (-0.12%)

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USD/JPY

157.91

+0.12 (+0.07%)

Summary

↑ Buy

Moving Avg:

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Buy (9)

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AUD/USD

0.6469

-0.0003 (-0.05%)

Summary

Neutral

Moving Avg:

Buy (10)

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USD/CAD

1.3780

+0.0003 (+0.03%)

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↑ Buy

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EUR/JPY

168.32

+0.10 (+0.06%)

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EUR/CHF

0.9808

+0.0001 (+0.01%)

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Gold Futures

2,295.80

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Silver Futures

26.677

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Copper Futures

4.5305

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Crude Oil WTI Futures

81.14

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Brent Oil Futures

85.62

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Natural Gas Futures

1.946

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US Coffee C Futures

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Euro Stoxx 50

4,920.55

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S&P 500

5,035.69

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DAX

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FTSE 100

8,144.13

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Hang Seng

17,763.03

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US Small Cap 2000

1,973.05

-42.98 (-2.13%)

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IBEX 35

10,854.40

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266.60

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Adidas AG

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Deutsche Lufthansa AG

6.714

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Neutral

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Siemens AG Class N

175.90

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Deutsche Bank AG

15.010

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 EUR/USD1.0658↑ Sell
 GBP/USD1.2475↑ Sell
 USD/JPY157.91↑ Buy
 AUD/USD0.6469Neutral
 USD/CAD1.3780↑ Buy
 EUR/JPY168.32↑ Buy
 EUR/CHF0.9808Neutral
 Gold2,295.80↑ Sell
 Silver26.677↑ Sell
 Copper4.5305↑ Buy
 Crude Oil WTI81.14↑ Sell
 Brent Oil85.62↑ Sell
 Natural Gas1.946↑ Sell
 US Coffee C213.73↑ Sell
 Euro Stoxx 504,920.55↑ Sell
 S&P 5005,035.69↑ Sell
 DAX17,921.95↑ Sell
 FTSE 1008,144.13Sell
 Hang Seng17,763.03↑ Sell
 Small Cap 20001,973.05↑ Sell
 IBEX 3510,854.40Neutral
 BASF49.155↑ Sell
 Bayer27.35↑ Sell
 Allianz266.60↑ Sell
 Adidas226.40↑ Sell
 Lufthansa6.714Neutral
 Siemens AG175.90↑ Sell
 Deutsche Bank AG15.010Neutral
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# So hôm qua # Chênh TG
SJC Eximbank8,300/ 8,500
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SJC 1L, 10L, 1KG8,300/ 8,520
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SJC 1c, 2c, 5c7,380/ 7,550
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SJC 99,99%7,370/ 7,470
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Cập nhật 01-05-2024 10:45:19
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Dầu hỏa 2-K20.68021.090
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EUR26.475,3627.949,19
GBP30.873,5232.211,36
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KRW15,9219,31
Cập nhật lúc 10:45:15 01/05/2024
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