The U.S. House Financial Services Committee and the House Agriculture Committee convened a joint roundtable on digital assets to assess the respective regulatory roles of the Securities and Exchange Commission and the Commodity Futures Trading Commission and to examine proposed frameworks for classifying digital assets. The session was led by Digital Asset Subcommittee Chairmen Bryan Steil and Dusty Johnson. In prepared opening remarks, Steil argued that Congress should pass comprehensive, bipartisan legislation to close perceived regulatory gaps and provide clearer rules, and he criticized a “regulation by enforcement” approach for contributing to uncertainty. The roundtable was framed around six core principles introduced by Chairmen French Hill and GT Thompson that underpin a discussion draft released the day before, with focus areas including asset classification, agency jurisdiction over centralized intermediaries, reducing regulatory fragmentation, and establishing guardrails for the sector.
U.S. Financial Services Committee 2025-05-06
U.S. House Financial Services Committee and House Agriculture Committee convene joint roundtable on SEC and CFTC roles and digital asset classification
The U.S. House Financial Services and Agriculture Committees held a joint roundtable on digital assets to evaluate the regulatory roles of the SEC and CFTC. Led by Digital Asset Subcommittee Chairmen Bryan Steil and Dusty Johnson, the discussion emphasized the need for comprehensive legislation to address regulatory gaps and reduce uncertainty, focusing on asset classification, agency jurisdiction, reducing regulatory fragmentation, and establishing sector guardrails.