US Congress to form cryptocurrency working group


U.S. Representative French Hill (R-AR) walks to a House Permanent Select Committee on Intelligence meeting on Capitol Hill in Washington, U.S., February 7, 2023. REUTERS/Elizabeth Frantz/File Photo

WASHINGTON (Reuters) -U.S. Representative French Hill, a Republican who chairs the House Financial Services Committee, said on Tuesday lawmakers from both chambers of congress would form a working group to develop policy favoring development of digital assets.

New legislation will deliver "clarity for a regulatory framework," Hill said at a Capitol Hill news conference, joined by White House crypto and artificial intelligence czar David Sacks as well as other lawmakers.

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