The House Financial Services Committee has announced an upcoming hearing under the Digital Assets, Financial Technology, and Inclusion Subcommittee. Titled “Modernizing Financial Services Through Innovation and Competition,” this hearing is scheduled for Wednesday, October 25, 2023, at 10:00 AM ET in room 2128 of the Rayburn House Office Building.
The focus of this crucial hearing is to delve into the realm of digital assets and their role in modernizing financial services. Of particular interest is the examination of how these digital assets can be harnessed for innovation and competition in the financial sector. This event promises to shed light on the evolving landscape of financial technology and its potential impact on financial inclusion.
The House Financial Services Committee has also hinted at the release of additional information in the lead-up to the hearing. This includes access to a livestream, committee memo, relevant legislation, and the witness list. This comprehensive approach ensures that the public and stakeholders are well-informed about the discussions and developments surrounding digital assets.
Stay tuned for more insights into this critical hearing, as it seeks to address the use of digital assets by various actors, including concerns about their potential use by entities engaging in illicit activities such as funding terrorism.
