Regulation & Policy
Share
The United States House of Representatives passed H.R. 1602, the Eliminate Barriers to Innovation Act, introduced by Rep. Patrick McHenry (R-NC). The McHenry-sponsored legislation focuses on regulatory clarity for cryptocurrencies. The bill seeks to clarify the roles of agencies like the Securities and Exchange Commission and the Commodity Futures Trading Commission in the policing of cryptocurrencies in the United States. The bill also seeks to answer the ongoing debate of whether crypto tokens are securities or commodities.
Addressing the floor of the House during the passage of the bill, McHenry stated, "This bill] requires the Securities and Exchange Commission and the Commodity Futures Trading Commission to establish a working group focused on digital assets. This is the first step in opening up the dialogue between our regulators and market participants and move to needed clarity.”
Under the terms of the bill, Congress would have 90 days to establish the working group among participants from the SEC, CFTC and the private sector.
Disclaimer of Warranty
The information provided in this article is for general informational purposes only. We make no warranties about the completeness, reliability, and accuracy of this information. Read full disclaimer
Once constituted, the working group would have a year to issue a report analyzing the current crypto regulatory climate. The panel’s work would also focus on matters like crypto custody, cybersecurity, private key management and investor protection concerns.
Editor's Picks

IMF Backs Tokenized Finance but Still Holds On to Legacy Control
Walid Abou Zaki
Apr 5, 2026
7 min

Franklin Templeton’s 250 Digital Deal Signals a Shift Toward Active Crypto Management
Walid Abou Zaki
Apr 1, 2026
5 min

VARA Introduces Virtual Asset Derivatives Framework As Dubai Deepens Market Maturity
Walid Abou Zaki
Mar 31, 2026
7 min
Read More Articles

UAE Digital Asset Regulations Move Into More Complex Ground With New CMA Rules
Walid Abou Zaki
Apr 2, 2026
6 min

From Single Tokens to Crypto Baskets: NYSE Arca Options Get SEC Greenlight
News Desk
Apr 2, 2026
5 min

Beyond the Noise, the UAE Is Still Building
Walid Abou Zaki
Apr 1, 2026
6 min

Hong Kong Stablecoin Licenses Delayed Beyond March Target
News Desk
Apr 1, 2026
5 min



