The U.S. House Financial Services Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence is holding a hearing to examine how federal agencies are addressing emerging technologies and to explore how Congress can support responsible innovation while maintaining oversight and accountability. In opening remarks prepared for delivery, Subcommittee Chairman Bryan Steil argued that regulators need to adapt as quickly as technologies such as artificial intelligence, digital assets, and real-time payments, warning that static supervision in a fast-changing environment will fail. He called for agencies to have better tools, expertise, and flexibility, including the use of new supervisory technologies, investment in talent, and more direct engagement with innovators. Steil also pointed to a congressional role in providing clear direction to reduce fragmentation and uncertainty, using oversight and, where necessary, legislation to set guardrails that encourage innovation while protecting customers.

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