US lawmakers set up committee to regulate digital currencies for innovation and financial access
The US Senate and House of Representatives lawmakers have established a bipartisan committee to solidify the United States’ position in the digital asset industry. The committee aims to develop a legal framework for digital currencies that encourages innovation and expands financial access. Senators Tim Scott and John Boozman, along with Representatives French Hill and G.T. Thompson, introduced the initiative alongside David Sacks, a White House advisor on AI and digital currencies. Their goal is to create a unified approach to legislation that strengthens innovation within the country instead of driving it overseas. The group emphasizes that digital assets can broaden financial access and increase economic participation.
