During the hearings of the Subcommittee on Digital Assets, Financial Technologies and Artificial Intelligence of the Committee on Financial Services of the U.S. House of Representatives, key figures in the crypto industry are going to call for the need to review the regulation of digital assets. Sector leaders say that clear and understandable rules are needed to maintain competitiveness and attract cryptocurrency companies to the American economy.
At the February 11 hearing, titled "The Golden Age of Digital Assets: Charting the Way Forward," prominent experts will be among the witnesses, including Jose Fernandez da Ponte from PayPal, Jonathan Jahim from the Kraken crypto exchange and Timothy Massada from Harvard University. They believe that international competitors such as the European Union, the United Kingdom, Japan, and Singapore are moving forward with clear regulations, which threatens the U.S. position on the global stage. One of the speakers highlighted four main legislative priorities for the United States to remain a global leader in the field of digital assets.
The discussion of the prospects for regulating cryptocurrencies in the United States attracts the attention of not only investors, but also the general public. Against the background of growing interest in digital assets and the need to protect consumer rights, it is important that legislative initiatives meet modern requirements.