U.S. House Committee on Financial Services Chairman French Hill issued a statement responding to Ranking Member Maxine Waters’ objection to a joint subcommittee hearing with the House Committee on Agriculture on the future of digital assets, urging Congress to advance a regulatory framework for the sector. Hill argued that 279 Members in the previous Congress opposed maintaining the status quo and warned that, without safeguards and regulatory certainty, consumers, digital asset firms and developers remain in “regulatory limbo” while bad actors flourish. He said Committee Republicans and the House Committee on Agriculture will continue working with legislators in both parties on a lasting framework intended to protect Americans, encourage innovation and restore U.S. digital asset leadership.
U.S. Financial Services Committee 2025-05-06
U.S. House Committee on Financial Services chair calls for action on digital asset regulation after objection to joint hearing
U.S. House Financial Services Chairman French Hill addressed Ranking Member Maxine Waters' objection to a joint subcommittee hearing on digital assets, urging Congress to advance a regulatory framework. Hill emphasized the need for safeguards and regulatory certainty to protect consumers and foster innovation, warning against regulatory limbo. He affirmed ongoing bipartisan efforts to establish a lasting framework for U.S. digital asset leadership.