The House Agriculture Committee will hold a hearing on June 6 titled “The Future of Digital Assets: Providing Clarity for Digital Asset Spot Markets.”

The committee has jurisdiction over the Commodity Futures Trading Commission and has begun an effort to work with the House Financial Services Committee, which has oversight over the Securities and Exchange Commission.

Notably, both the CFTC and SEC have been exercising their jurisdiction through enforcement actions and public statements over the past year.

The hearing comes at a time when the cryptocurrency industry is facing increasing scrutiny from regulators. The SEC has taken a number of enforcement actions against cryptocurrency companies, and the CFTC has issued guidance on how it will regulate certain aspects of the industry.

The hearing is an opportunity for lawmakers to learn more about the digital asset spot market and to consider the best way to regulate it. The outcome of the hearing could have a significant impact on the future of the cryptocurrency industry.

Here are some key takeaways from the article:

  • The House Agriculture Committee will hold a hearing on June 6 to discuss digital asset spot markets.
  • The committee has jurisdiction over the Commodity Futures Trading Commission and has begun an effort to work with the House Financial Services Committee.
  • The hearing comes at a time when the cryptocurrency industry is facing increasing scrutiny from regulators.
  • The outcome of the hearing could have a significant impact on the future of the cryptocurrency industry.
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