Ne Colorado News

WASHINGTON – On April 27, 2023, Congresswoman Yadira Caraveo, M.D. (CO-08), Ranking Member on the House Agriculture Subcommittee on Commodity Markets, Digital Assets, and Rural Development, today led a hearing on regulation and the future of digital assets like cryptocurrency. Today’s Subcommittee hearing was an opportunity for Caraveo, Subcommittee Chairman Dusty Johnson (SD-At Large), and other Committee members to evaluate current digital assets regulation, its impact on innovation and growth in United States markets, and whether Americans are receiving necessary customer protections.

Watch and download the video of Caraveo’s opening remarks her

“It is vital we closely examine current regulations to ensure investors are appropriately protected and that our agencies have the necessary authorities to oversee this new and evolving industry,” said Congresswoman Caraveo.

Millions of Americans trade digital assets daily in markets that do not have clear and comprehensive federal regulatory oversight, and entrepreneurs across the country struggle with whether to pursue fintech innovation for fear of unknowingly stepping on hidden regulatory land mines.

Today’s hearing witnesses included:

Mr. Daniel Davis, Partner, Co-Chair, Financial Markets and Regulation, Katten

Muchin Rosenman LLP, Washington, D.C.

Ms. Purvi Maniar, Deputy General Counsel, FalconX Holdings, Ltd., San Mateo, CA

Mrs. Nilmini Rubin, Head of Global Policy, Hedera, Chevy Chase, MD

Mr. Timothy Massad, Research Fellow, Harvard Kennedy School Mossavar-

Rahmani Center for Business and Government, Director, M-RCBG Digital Assets

Policy Project, Washington, D.C.

Mr. Joseph A. Hall, Partner, Davis Polk & Wardwell LLP, New York, NY

Watch the full recording of the hearing here.

Original source can be found here.