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The Week In Crypto Policy: FSOC Hearing; Congress Responds to Bitcoin ETF Approval

Jan 12, 2024Ā ā‹…Ā  8 min read

The House Financial Services Subcommittee on Digital Assets held a hearing examining FSOC's impact on innovation. Members emphasized the need for Congress, rather than regulators, to lead on writing rules for crypto. Key Members of Congress applauded the SEC's approval of a spot Bitcoin ETF and called for an investigation into how the agency allowed its Twitter/X account to be compromised.

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George Leonardo is the founder of Cap Hill Crypto, a solo-entrepreneur venture focused on providing nonpartisan insights and analysis on U.S. federal crypto policy. Previously, he worked on Capitol Hill for Senator John Cornyn and as a litigation associate at Milbank LLP.

About the author

George Leonardo is the founder of Cap Hill Crypto, a solo-entrepreneur venture focused on providing nonpartisan insights and analysis on U.S. federal crypto policy. Previously, he worked on Capitol Hill for Senator John Cornyn and as a litigation associate at Milbank LLP.