Crypto Regulation Talks Resumes in U.S. House Hearing

Crypto regulation discussions within the U.S. Congress is garnering support from lawmakers to clear the laws on digital assets. The House financial services committee’s subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence held a hearing on crypto regulation. Its goal was to determine and align U.S. securities laws with the digital age,namely regarding crypto assets.

House Financial Services Committee Chairman French Hill commended the committee’s “bipartisan efforts to bring clarity and stability” to crypto assets. He also stated that he hoped that there would be meaningful legislation by the end of 2025,

“It is incumbent on us to build on that momentum and continue working toward a comprehensive regulatory framework that establishes clear rules of the road for digital asset markets… I look forward to hearing from our witnesses today, and working with colleagues to get this across the finish line this year,” Rep. French Hill added.

Clarifying SEC’s Role in Crypto Regulation

Amid the criticism, committee members stress the importance of the SEC when it comes to crypto regulation. Subcommittee chairman Bryan Steil stated that the SEC would have a role in regulating token offerings.

“At the same time, the Committee feels strongly that there is a role for the U.S. Securities and Exchange Commission to play in the digital asset ecosystem. For example, the Committee believes that issuers raising capital through the sale of new digital assets should fall under the jurisdiction of the SEC,” Steil added.

However, memecoins will most likely be omitted, as the SEC, already under Gensler, ruled that memecoins were not securities. One of the main reasons why this is so is that memecoins have no utility and are more like collectibles.

What Does This Mean for Crypto Casinos?

As far as crypto casinos are concerned, regulatory talks about digital assets can be divisive. For both operators and players, having a regulated market will give a secure environment for all parties involved.

Moreover, various states still have ongoing online casino bills in different legal statuses. In the event that such bills are greenlit, it opens up more potential iGaming and crypto casinos down the line.

Given that the U.S. crypto industry is valued at $2.7 trillion, safeguarding the market is of utmost importance. With the Trump administration adamant to make the US be one of the cryptocurrency powerhouses, all crypto regulation developments will be monitored.