The new U.S. House of Representatives Financial Services Committee was established, including the newly established digital asset-related subcommittee

The 118th House Financial Services Committee has been established, including a new digital asset-focused subcommittee headed by Rep. French Hill, "Digital Assets, Financial Technology, and Inclusion." Subcommittee on Sexuality, whose jurisdiction will include providing clear rules for federal regulators of the digital asset ecosystem, developing policies to promote the adoption of financial technology to underserved communities, and identifying best practices that continue to enhance diversity and inclusion in the digital asset ecosystem and policies. Foresight News previously reported that Patrick McHenry re-introduced the Financial Services Innovation Act when he was not in office last December, and plans to further advance the bill, requiring federal financial regulators to create a "Financial Services Innovation Office" and empowering the Innovation Office to create a "regulatory sandbox". that power.