Digital Assets, Financial Technology and Artificial Intelligence Subcommittee, part of House Financial Services Committee“How the Law of Openness Unlocks Innovation.” He planned a “field hearing” on the issue.
This hearing will It will take place on Friday, July 17 at 10 a.m. ET in New York City.
Although few details are currently available, such as a list of individuals or firms testifying on behalf of CLARITY ActHe expects a number of insiders to support the need to regulate digital assets to ensure consumer protection and encourage digital asset innovation.
The CLARITY Act, or crypto market infrastructure legislation, has been approved in the House of Representatives, but a floor vote is awaited before it can be signed into law and forwarded to the White House.
The legislation was approved in the Senate Banking Committee, but negotiations continue over aspects the banking community dislikes because it would create more competition for customers.
The legislation is widely thought to need to be approved before it can be approved. Congress summer break in August.
Latest reports indicate that the updated legislation will be announced along with any changes during the July 4th holiday weekend.
