US Senate Digital Assets Subcommittee Holds 'Market Structure Discussion' Hearing... Low Attendance
Summary
- The US Senate Banking Committee's Digital Assets Subcommittee reportedly held a hearing on market structure.
- The purpose of the hearing was said to be to explore a bipartisan legislative framework regarding the digital asset market structure.
- However, it was reported that only 5 senators from the subcommittee attended, leaving disappointment over the low participation rate.
The US Senate Banking Committee's Digital Assets Subcommittee held a hearing to discuss market structure, but it was revealed that more than half of the members did not attend.
According to a Cointelegraph report on the 25th (local time), the hearing was convened to explore the bipartisan legislative framework for digital asset market structure. However, only 5 out of the 11 subcommittee senators attended, during which questions regarding regulation were addressed to industry experts such as former CFTC chair Rostin Behnam, Coinbase Vice President of Legal Ryan VanGrack, and Multicoin Capital Chief Legal Officer Greg Xethalis.
Subcommittee Chair Cynthia Lummis expressed regret, saying, "There were many other committees happening at the same time."
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