The U.S. House of Representatives held a cryptocurrency hearing, with bipartisan disagreements on regulatory direction

ChainCatcher news, according to The Block, the U.S. House Financial Services Committee held a hearing on digital assets on February 11. Republican Congressman Tom Emmer stated that crypto technology shifts economic power from central institutions back to the people. Democratic lawmakers expressed concerns about the meme coin launched by Trump, with Sean Casten stating that it lacks real value.

Regarding stablecoin regulation, Committee Chairman French Hill and Democratic leader Maxine Waters proposed regulatory frameworks. Investment bank TD Cowen believes that bipartisan proposals are likely to reach a consensus, but specific legislation is expected to be delayed until the end of the year.