Representative Patrick McHenry, Chairman of the House Financial Services Committee (FSC), announced an amendment to the legislation aimed at providing regulatory clarity for the digital asset ecosystem.

The committee will meet on July 26 to mark up HR 4763, the Financial Innovation and Technology for the 21st Century Act; HR 4766, Clarity for Payment Stablecoins Act of 2023; and HR 1747, the Blockchain Regulatory Certainty Act – among others.

Of much designation on Payment Clarity Stablecoins was launched by McHenry to bring regulatory clarity to the issuance of stablecoins for payment.

Excerpt from the FSC’s Cryptocurrency Regulation Agenda for July 26. Source:

As established in a memorandum issued on July 21, HR 4763 establishes a digital asset market structure framework appropriate for the unique characteristics of digital assets. HR 1747 prevents blockchain developers from having to obtain licenses if they do not trade in cryptocurrencies.

The marking date was announced the day after introduction of the Act on Financial Innovations and Technologies for the 21st Century. US Representative French Hill, Chair of the Subcommittee on Digital Assets, he said that the creation of a functional regulatory framework protects investors from financial fraud.

“This legislation would not only prevent FTX from stealing billions in customer funds, but also introduce strong consumer protections and clear rules for market participants,” he added.

Related: UK FCA shut down 26 crypto ATMs after co-ordinated investigation

Meanwhile, the US Department of Justice (DoJ) decided to double down head of his crypto crime team.

Two DoJ teams: the Cybercrime and Intellectual Property Section (CCIPS) and the National Cryptocurrency Enforcement Team (NCET) will merge to create a larger structure with new additional resources.

The number of attorneys in the criminal divisions who will be available to work on criminal cryptocurrency matters will “more than double” as any CCIPS attorney could potentially be assigned to work on an NCET case.

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