Rep. French Hill (R-Ark.) joins Meet the Press NOW to discuss congressional oversight, a new subcommittee to oversee crypto regulation and the House Republican agenda.
- This is a conversation between Chuck Todd and a House Republican about the debt limit and the regulatory framework for digital assets.
- The Treasury Secretary notes that the debt limit will be reached in six days, but Republicans want to make sure that government financing is done in the right way and want to raise the debt ceiling with spending controls and budget reforms.
- The Republican says that they want to lead on this issue, and they want to model the best behavior they can and offer a contrast to the spending done by the Biden administration.
- He mentions that digital assets need oversight and consumer protection, and the U.S should be a leader in the innovation of fintech and the use of blockchain.
- When asked about Bitcoin, the Republican says that he does not endorse it as currency, but there should be a regulatory regime for everything related to digital, including digital payments.
Every day there is more news about what can, may, and should happen in the world of Crypto Currencies (CC’s) and Blockchain. There has been significant investment, research, and lots of chatter, but the coins and the projects are still not mainstream.
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