House Republicans will establish a new subcommittee dedicated to cryptocurrency this Congress, a move that puts oversight and legislation around the ailing industry high on the GOP agenda.
Incoming Financial Services Chair Patrick McHenry (R-N.C.), who has long made a priority of financial technology issues, said in an interview Thursday that he plans to create the panel because he believes there is “a big hole in how we structure the committee” as it spends more time grappling with crypto topics.
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