U.S. House subcommittee to host hearing on digital currencies next month

Congress is set to host its latest hearing on digital currencies late next month.

The U.S. House Committee on Financial Services Subcommittee on National Security, International Development, and Monetary Policy will host a hearing on "A Review of Domestic and International Approaches to Digital Currencies" on March 24 at 2 p.m. ET, according to a notice published on Feb. 21. The subcommittee is chaired by Rep. Emanuel.

No other information has been published about the hearing, including witnesses or areas of potential inquiry. A request for comment sent to the U.S. House Committee on Financial Services Democrats was not returned by press time.

It's possible that the Facebook-backed stablecoin project Libra will be up for discussion, given past opposition to the initiative from committee chairwoman Rep. Maxine Waters. Waters called on Facebook to halt work on the stablecoin in the wake of its launch.

Other members of Congress have raised questions about Libra, with U.S. Fed chairman Jerome Powell being questioned about it during twin appearances before the House and the Senate earlier this month.