The US House Financial Services Committee held a hearing on Friday to examine the future of digital asset regulation. Lawmakers and industry executives argued that the Digital Asset Market CLARITY Act could strengthen the United States’ position as a global leader in crypto innovation.

Lawmakers push for clearer crypto market rules

The hearing, titled Building the Future of Finance: How the CLARITY Act Unlocks Innovation, was conducted by the Subcommittee in New York.

It focused on the need for a clear regulatory framework for digital assets and the role the legislation could play in defining oversight responsibilities between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).

Witnesses…