Your Resource for Government on Crypto

The House Financial Services Committee held a hearing to conduct oversight of prudential regulators, with testimony from Fed Vice Chair Michael Barr, FDIC Chair Martin Gruenberg, National Credit Union Administration Chair Todd Harper, and Acting Comptroller Michael Hsu. Multiple lawmakers focused their questions on digital assets, including Rep. Zach Nunn (R-IA), who criticized the regulators’ anti-crypto stance, and Rep. French Hill (R-AR), who discussed Operation Choke Point 2.0.