- Experts from Kraken and PayPal will testify on digital asset rules and blockchain growth.
- Lawmakers will discuss bills to protect users and help provide clear regulations for firms.
- The hearing may shape the future of crypto and impact market confidence in the U.S.
The U.S. House Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence will hold a congressional hearing discussion on February 11, 2025, at 2:30 PM (EST) in Room 2128 of the Rayburn Office Building. Titled A Golden Age of Digital Assets: Charting a Path Forward, the session will bring together leaders and officials to discuss the governing order for virtual assets.
Notable figures, including Jonathan Jachym of Kraken and Jose Fernandez da Ponte of PayPal, will testify on the impact of reforms aimed at shaping the future of blockchain and virtual asset markets.
Experts to Testify on Digital Asset Regulation
The inquiry will feature testimony from experts across the digital asset environment, including Jonathan Jachym, Deputy General Counsel at Kraken; Jose Fernandez da Ponte, Senior Vice President at PayPal; Coy Garrison of Steptoe LLP; and Ji Hun Kim from the Crypto Council for Innovation. These industry leaders will provide insights into shortcomings and pathways for fostering blockchain growth in the country.
Among the key topics of discussion will be proposed legislation, including “the Stablecoin Transparency and Accountability for a Better Ledger Economy Act of 2025’’ and “the Securing Innovation in Financial Regulation Act.” Lawmakers will examine how these bills could enhance market stability, protect consumers, and establish a clearer regulatory framework for cryptocurrency businesses.
Legislative Proposals and Market Impact
Congress has increasingly focused on digital asset regulation, reflecting growing concerns about consumer protection, financial stability, and global competitiveness. The proposed STABLE Act of 2025 aims to create transparency and accountability standards for stablecoin issuers, while the “Securing Innovation in Financial Regulation Act’’ seeks to balance innovation with regulatory oversight.
The hearing will also address the Biden administration’s handling of ordinances and their effects on the digital asset ecosystem. Some administrators argue that restrictive policies have hindered innovation, pushed blockchain companies abroad, and limited consumer protections. The discussions may influence future frameworks, affecting investor sentiment and shaping the trajectory of the cryptocurrency market.
Related: SEC Cuts Crypto Unit as Trump Moves to Ease Regulations
Could This Event Shape the Future of Crypto in the U.S.?
With bipartisan efforts to establish clear legislation, the outcome of this case could impact the U.S. digital asset sector. A more structured environment encourages investment and adoption, while policies create uncertainty in the market.
Business participants, investors, and industry stakeholders will closely monitor the proceedings, as its findings could define the next chapter for digital securities in the U.S. Those interested can follow the proceedings via the committee’s official live stream.
