Overview
(February 11, 2025, Washington, DC) – Steptoe Government Affairs and Public Policy partner, Coy Garrison, provided testimony to the Digital Assets, Financial Technology, and Artificial Intelligence Subcommittee addressing actions Congress and the SEC should take to build a regulatory framework for digital assets.
In his testimony, Garrison stated: "[R]egulatory actions, alone, will not be sufficient to stand up a comprehensive regime. Congress needs to fill regulatory gaps and provide clear jurisdictional lines by passing legislation establishing regulatory frameworks for digital asset market structure and dollar-denominated payment stablecoins."
Read the full testimony at the House of Representatives website.
About Steptoe
In more than 110 years of practice, Steptoe has earned an international reputation for vigorous representation of clients before governmental agencies, successful advocacy in litigation and arbitration, and creative and practical advice in structuring business transactions. Steptoe has more than 500 lawyers and other professional staff across offices in Beijing, Brussels, Chicago, Hong Kong, Houston, London, Los Angeles, New York, San Francisco, and Washington. For more information, visit www.steptoe.com.
