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The US Financial Services Committee Gears Up for Crypto Discussion on June 13th

The US Financial Services Committee Gears Up for Crypto Discussion on June 13th

At the time of writing, the hearing agenda is unclear.

The upcoming discourse on the future and the clarity of digital currencies will be the prime focus of the United States Financial Services Committee in its soon-to-be-held hearing.

Patrick McHenry, the chair of the House Financial Services Committee, revealed plans for a comprehensive committee hearing entitled "The Future of Digital Assets: Providing Clarity for the Digital Asset Ecosystem" on June 6th.

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The forthcoming hearing is scheduled for June 13th, 6 PM (UTC), at the prestigious Rayburn House Office Building.

According to committee representatives, the hearing focusing on digital currencies will also be streamed online through the committee's official website.

As a crucial body for economic supervision, the Financial Services Committee carries the weight of the nation's economy. Its obligations extend to scrutinizing the Federal Reserve Board and individual reserve banks, managing the United States Treasury, and overseeing capital markets. It also plays a pivotal role in the production and distribution of currency.

The committee has kept specific details regarding the topics to be explored during the hearing under wraps, prompting anticipation and speculation within the crypto community. Many are hopeful that this event will shine a light on some of the most urgent concerns in the sector.

Certain online reactions to the upcoming hearing underline the need for addressing what is described as "coordinated attacks" on crypto exchanges. A Twitter user made this comment, referring to the recent actions by the United States Securities and Exchange Commission (SEC) against Binance and Coinbase.

This announcement of the upcoming hearing follows the recent digital assets hearing titled "The Future of Digital Assets: Providing Clarity for Digital Asset Spot Markets" conducted by the US House of Representatives Agricultural Committee on June 6th. During that hearing, an in-depth discussion was held on the future of digital assets, including a draft bill by McHenry and House Ag chair Glenn Thompson.

Gile K., Market Sentiment Analyst
Gile is a Market Sentiment Analyst who understands what public events may form what emotions. Her experience researching Web3 news and public market messages – including cryptocurrency news reports, PRs, and social network streams – is critical to her role in helping lead the Crypto News Editorial Team.
As an intelligent professional in public relations, together with the team, she aims to determine real VS fake news patterns, and bring her findings to anyone searching for unbiased news and events happening in the FinTech markets. Her expertise is uncovering the latest trustworthy & informative Web3 announcements to the masses.
When she's not researching the trustworthiness of mainstream stories, she spends time enjoying her terrace view and taking meticulous care of her outdoor environment.



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