The Chairman of the Financial Services Oversight Subcommittee of the US House of Representatives claims that cryptocurrency is the 'future'

According to Cryptonews, Bill Huizenga, Chairman of the U.S. House Financial Services Oversight Subcommittee, publicly declared that cryptocurrency is the "future" during the "American Innovation and the Future of Digital Assets" hearing held on June 4th. The Michigan Republican congressman emphasized that "we must establish a sound regulatory framework as soon as possible" and revealed that the 2025 CLARITY Act, which he participated in drafting, will provide a legal basis for this. It is worth noting that Huizenga's statement coincides with his announcement of his candidacy for the 2026 Michigan Senate seat. He will compete within the party with former Congressman Mike Rogers, who also supports cryptocurrency. This hearing brought together industry representatives such as former SEC Commissioner Elad Roisman and Uniswap Chief Legal Officer Katherine Minarik to discuss the construction of a regulatory framework for digital assets.