Republican members of the U.S. House of Representatives plan to establish a cryptocurrency committee

ChainCatcher news, according to a report from Politico, House Republicans plan to establish a cryptocurrency committee that will focus on regulation and legislation surrounding the crypto industry. Incoming Financial Services Committee Chairman Patrick McHenry stated that he intends to create this committee because he believes the Financial Services Committee needs to spend more time addressing issues in the crypto industry.

It is reported that, in McHenry's view, the committee will be responsible for providing clear rules for federal regulators and developing policies to promote financial technology. (Source link)