House Financial Services Committee Chairman Patrick McHenry announced today that U.S. Securities and Exchange Commission chairman Gary Gensler would appear before the House’s digital assets subcommittee on Apr 18, 2023.
McHenry Hopes to Discuss “Regulatory Sphere” for Digital Assets with Gensler
“This will be our first oversight hearing of the Securities and Exchange Commission,” McHenry confirmed
The oversight hearing will seek clarity on Gensler’s rulemaking and approach to digital assets.
McHenry said, “In terms of policy, [this will be] a serious approach in terms of us laying down…a regulatory sphere for digital assets.” He hopes to develop this work on this regulatory sphere in the next few months.
McHenry established the digital assets subcommittee in Jan. 2023 to help close a structural gap in the House Financial Services Committee in addressing crypto topics. Rep. French Hill (R-Ark.) leads the subcommittee, with Rep. Warren Davidson (R-Ohio) as his deputy.
At the subcommittee’s inception, McHenry said it would provide federal regulators with rules and extend the reach of financial technology to underserved demographics.
Source: https://beincrypto.com/sec-chair-gensler-appear-digital-assets-subcommittee/