FEDERALhearing transcript

Congressional Hearing on Digital Asset Market Regulation

Original title: THE FUTURE OF DIGITAL ASSETS: IDENTIFYING THE REGULATORY GAPS IN SPOT MARKET REGULATION

January 1, 2023

digital assets cryptocurrency financial regulation commodity markets market oversight

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The Frame

What this does

This hearing serves as a foundational step for potential future legislation that could change how like cryptocurrency are traded and regulated in the United States.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Digital Asset Investors

Future regulations discussed in these hearings may change the legal framework for how digital assets are traded and protected.

Digital Asset Exchanges

Exchanges may face new compliance requirements or oversight standards based on the regulatory gaps identified.

What changed

Last recorded activity January 1, 2023.

What's next

Next step not available in the current record.

Summary

The House Subcommittee on Commodity Markets, , and Rural Development held a hearing to discuss regulatory gaps in the digital asset . Industry experts and legal professionals provided testimony to help lawmakers understand how to oversee these markets effectively.

Key Facts

The hearing took place on April 27, 2023, in the Longworth House Office Building.
The Subcommittee on Commodity Markets, Digital Assets, and Rural Development (CMDARD) convened to identify regulatory gaps in spot market regulation for digital assets.
Five expert witnesses provided testimony regarding the current state of digital asset regulation.
The hearing is part of the 118th Congress's first session.

Frequently Asked Questions

What is the purpose of this hearing?

The hearing was held to examine current regulatory gaps in the digital asset to inform future policy decisions.

Who testified at the hearing?

The witnesses included legal and policy experts from Katten Muchin Rosenman LLP, FalconX Holdings Ltd., Hedera Hashgraph, LLC, Harvard University, and Davis Polk & Wardwell LLP.

Why It Matters

This hearing serves as a foundational step for potential future legislation that could change how like cryptocurrency are traded and regulated in the United States.

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift90% confidence

Focus on Spot Market Regulation

The committee is specifically targeting 'spot market' regulation, indicating a shift toward oversight of immediate asset trading rather than just derivatives.

Subcommittee on Commodity Markets, Digital Assets, and Rural Development

Connected Entities

personJoseph A. Hall“Witness, Partner at Davis Polk & Wardwell LLP”Map →

personNilmini Rubin“Witness, Head of Global Policy at Hedera Hashgraph, LLC”Map →

personTimothy G. Massad“Witness, Research Fellow at Harvard Kennedy School”Map →

personYadira Caraveo“Ranking Minority Member of the Subcommittee”Map →

personPurvi R. Maniar“Witness, Deputy General Counsel at FalconX Holdings Ltd.”Map →

personDusty Johnson“Chairman of the Subcommittee on Commodity Markets, Digital Assets, and Rural Dev”Map →

personDaniel J. Davis“Witness, Partner at Katten Muchin Rosenman LLP”Map →

Sources

Open source document

www.govinfo.gov

Analysis Score

0–100

Significance60
How much this matters to a regular citizen
Controversy40
Intensity of disagreement among stakeholders
Entertainment10
Compellingness for a non-policy-wonk reader
Buzz20
Current news / social attention level

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