House Financial Services Committee to Vote on Crypto Bill in Weeks

According to Reuters, Patrick McHenry, chairman of the U.S. House of Representatives Financial Services Committee, said at a hearing on Tuesday that he intends to hold a committee vote on an omnibus bill in the next few weeks to establish a regulatory framework for cryptocurrency products. He said he expected to present a bill for consideration by the committee after lawmakers resume on July 11. Foresight News previously reported that Patrick McHenry and others proposed a legislative discussion draft aimed at providing a statutory regulatory framework for digital asset regulation and providing clarity.