The United States House Committee on Financial Services released a memorandum detailing the points of discussion during the hybrid hearing on digital assets, to be held today at 10:00 a.m. ET.
Addressing the members of the Financial Services Committee, the memo confirmed that the hearing will dedicate one panel to six executives from the crypto community as witnesses. The list includes Circle’s Jeremy Allaire, FTX’s Samuel Bankman-Fried, Bitfury Group’s Brian Brooks, Paxos’ Charles Cascarilla, Stellar’s Denelle Dixon and Coinbase’s Alesia Jeanne Haas.
The hearing, entitled “Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of Financial Innovation in the United States,” seeks to discuss four key aspects related to crypto exchanges: stablecoin offerings, regulatory concerns in digital assets and federal regulatory responses.
The brief reads, “This hearing will examine some of the new products and services offered by major digital assets market participants, the role of cryptocurrency market exchanges in facilitating investments in cryptocurrency and related transactions, the growth of stablecoins and other digital assets, and the current regulatory landscape governing these new products and services.”
— U.S. House Committee on Financial Services (@FSCDems) December 1, 2021
While the memo highlights the role of exchanges in serving as an entry point for crypto…