At a Punchbowl News event this morning House Financial Services Chairman Patrick McHenry (R-NC) said that he believes creating a new regulator for digital assets is not a “political reality” and confirmed that SEC Chairman Gensler will testify before the committee on April 18 . He noted that he is particularly interested in discussing a digital asset regulatory regime with Gensler. Additionally, he announced that he has been working with House Agriculture Chair GT Thompson (R-PA) to formulate a system for regulating digital assets as securities and commodities, and thus he is confident that the chamber can move forward on a market structure bill. He hopes to make progress on this legislation and a stablecoin bill by the summer.