Last week, CoinDesk reported that the House Committee on Financial Services will gather this week to discuss the subject, with this particular hearing honing in on the question of crypto as a new form of money. A memo published since that news first broke notably states that members will examine "the extent to which the U.S. government should consider cryptocurrencies as money and the potential domestic and global uses for cryptocurrencies."
That same day, the House Agriculture Committee will hold a hearing entitled "Cryptocurrencies: Oversight of New Assets in the Digital Age." In a statement, chairman Michael Conaway explained that the hearing seeks to "shed light on the promise of digital assets and the regulatory challenges facing this new asset class."
It's a noteworthy statement, declaring that at least some in the U.S. national legislature hold the view that cryptocurrencies constitute a new kind of asset.
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