Republican lawmakers push for crypto regulation with new panel

Representative Patrick McHenry stands at a podium
Home Monetary Companies chair Patrick McHenry (R-NC) introduced the brand new subcommittee on Thursday. | Tom Williams/CQ-Roll Name, Inc through Getty Pictures

Republican lawmakers introduced a brand new panel on Thursday that may oversee the cryptocurrency business, as reported earlier by Politico and CNBC. Led by Consultant French Hill (R-AR), the Subcommittee on Digital Belongings, Monetary Know-how and Inclusion goals to offer “clear guidelines of the highway” for federal regulators.

Another duties embody selling monetary know-how to underserved communities, in addition to strengthening “variety and inclusion” within the crypto business, which has been topic to elevated scrutiny following the gorgeous implosion of FTX. Consultant Patrick McHenry (R-NC), the chairman of the Home Monetary Companies Committee, tells Politico that he created the panel to deal with a “huge gap” in how the…

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