Republicans Set to Form New Legislative Committee on Crypto Regulation By CoinTelegraph

Republicans want to set up new parliamentary committee on crypto regulation

The Republicans in the American House of Representatives now want to decisively advance their regulatory efforts with regard to the crypto industry with the establishment of a new parliamentary subcommittee.

As Politico reported on Jan. 12, North Carolina Representative Patrick McHenry, who is also the chair of the House Treasury Committee, is planning the new committee to complement the Treasury Committee because it would have a “big blind spot” when it comes to cryptocurrencies. Accordingly, the new subcommittee is to start here, which is to be chaired by the representatives French Hill (Arkansas) and Warren Davidson (Ohio).

“We have to take on the supervision and regulation of a new asset class,” as McHenry says.

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