Representative French Hill, vice-chairman of the House Financial Services Committee, stated intent to bring two crypto regulation bills to the floor and pass them in early 2024. Hill told CNBC that Congress wants to give the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) the tools to regulate crypto using a “fit-for-purpose” approach.
French Hill: House Financial Services Committee Intends to Pass Crypto Regulation in Early 2024
Representative French Hill, vice-chairman of the House Financial Services Committee and chair of the Digital Assets Subcommittee, outlined the committee’s plans regarding crypto regulation for next year. Hill told CNBC they intend to pass a stablecoin bill and a crypto oversight bill by early 2024.
Hill stated these bills aim to give the U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) the necessary tools to exert oversight over the cryptocurrency market.
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