Press Releases

McHenry, Thompson, Hill, Johnson Statement on Joint Efforts to Create Clear Rules of the Road for Digital Assets

Washington, April 27, 2023 -

Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), the Chairman of the House Agriculture Committee, Glenn “GT” Thompson (PA-15), the Chairman of the Digital Assets, Financial Technology and Inclusion Subcommittee, French Hill (AR-02), and the Chairman of the Commodity Markets, Digital Assets, and Rural Development Subcommittee, Dusty Johnson (SD-AL), issued the following statement regarding upcoming digital asset hearings and joint efforts to develop a comprehensive regulatory framework for the digital asset ecosystem.

“It’s clear digital assets, and their underlying blockchain technology, hold real promise,” said the lawmakers. “The transformational nature of this technology also creates regulatory challenges affecting both the House Agriculture and Financial Services Committees. Our Committees are embarking on an unprecedented joint effort to pass and sign into law clear rules of the road for the digital asset ecosystem. We must strike the appropriate balance to protect consumers without stifling responsible innovation. This week, we are holding complementary subcommittee hearings to identify regulatory gaps related to digital assets. Next month, we will hold a joint subcommittee hearing to consider ways to close those gaps. We are committed to finding workable solutions that provide much-needed regulatory clarity and certainty, while still adhering to time-tested principles that protect market participants.”


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