The House Financial Services Subcommittee on Digital Assets, Financial Technology, and Inclusion convened a pivotal hearing on Dec. 5, to hear from high-ranking representatives from federal agencies, including the Federal Reserve, Securities and Exchange Commission (SEC), and the Office of the Comptroller of the Currency (OCC), spoke on the increasing influence of new technologies such as digital assets, distributed ledgers, and artificial intelligence in reshaping the financial sector.
The hearing underscored the escalating need for robust supervision of digital assets, a greater focus on AI risks, and a cautious approach toward implementing distributed ledger technology in federal banking.
In an opening statement, Subcommittee Chair French Hill said:
“Today, new and emerging technologies like digital assets, distributed ledgers, quantum computing, and greater use of artificial intelligence are dominating discussion.”
He said that, for the current hearing, the committee has asked
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