Reported by: Lachlan Keller

The U.S. House of Representatives has created a new congressional subcommittee focused on digital assets, as one of its first moves under the control of the Republican Party, Congressman Patrick McHenry said on Thursday.

Fast facts

• The Subcommittee on Digital Assets, Financial Technology and Inclusion will be the first in the U.S. specifically focused on digital assets and will operate under the House Financial Services Committee.
• The new subcommittee will provide rules for federal regulators on the topic of digital currencies, develop policies to promote digital financial technology and strengthen diversity and inclusion in the industry, according to a Thursday press release.
• The Subcommittee will be chaired by Republican Congressman French Hill, who has spearheaded efforts to explore a U.S. central bank digital currency.

Read full report: https://finance.yahoo.com/news/u-house-representatives-forms-cryptocurrency-041323722.html