Fed Chair Jerome Powell, testifying on Capitol Hill this week, suggested it would be a good idea for Congress to weigh in. | Francis Chung/POLITICO
House Republicans are ramping up work on a comprehensive plan to revamp cryptocurrency regulation, a key lawmaker in the effort said Wednesday.
What’s happening: GOP members of the House Financial Services Committee have started to float smaller, more targeted crypto proposals that may get a vote later this month. But Rep. French Hill, the Arkansas Republican who leads the panel’s digital assets subcommittee, said in an interview that the longer-term plan is to go bigger.
“We’re working on a comprehensive regulatory framework that goes beyond the bills,” Hill said. “We’re going to spend March and April in a significant effort on listening to stakeholders in the digital assets arena [and] considering other legislative proposals. So that’ll be our principle work plan for the next two months.”