The US House Committee on Agriculture met to discuss the Financial Innovation and Technology for the 21st Century Act.
The bill, drafted collaboratively by Republican members of the Farm Committee and the Financial Services Commission, aims to establish a comprehensive regulatory framework for digital assets.
The session took place in a bipartisan atmosphere, highlighting self-satisfied mentions of cooperation and hard work by committee members, allowing various amendments to pass smoothly and quickly.
The ranking representative, David Scott, raised the concerns of Democrats, emphasizing the need to strengthen consumer protections in the bill, especially with regard to third-party auditing, a measure he considered essential.
(Reference image source: Aleksi Räisä, Unsplash)