“For 4 years, beneath my management as Chairwoman, the Committee on Financial Services has led the best way in analyzing and investigating the cryptocurrency market. This consists of the Committee’s formation of Congress’ first-ever Task Forces on Financial Technology and Artificial Intelligence, together with the working group on digital belongings. In addition, for a number of months, I’ve been working across the clock with Ranking Member Patrick McHenry to craft bipartisan laws that establishes a federal framework for stablecoins with a purpose to start constructing the safeguards wanted to guard prospects’ belongings and insulate our monetary markets from contagion. This week’s information additional highlights the pressing want for laws.”