US Lawmaker Shares Priorities on Crypto Regulation

U.S. Congressman French Hill (R-AR), who was recently appointed chairman of the newly formed subcommittee on "Digital Assets, Financial Technology and Inclusion," discussed several crypto-related priorities for his subcommittee in an interview with CNBC Thursday.

Replying to a question about whether the U.S. should have a spot bitcoin exchange-traded fund (ETF), he explained that it is an area his subcommittee wants to explore. The congressman detailed:

You'll see us look at a privacy law, a federal privacy law … you will see us consider a stablecoin bill … you will see us explore what are the ramifications for the securities market, and work with the Agriculture Committee in the House and Senate on the commodity aspect of it.