Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, recently announced the organization of the Committee’s Digital Assets Working Group. At this time, the working group’s roster appears limited to Democratic Members.

According to Chairwoman Waters, the working group will focus on responsible innovation in the cryptocurrency and digital asset space. Members will meet regularly with experts and government officials to learn about the challenges and promise of digital assets.

Members also plan to work together on legislation and policy solutions on such matters as cryptocurrency regulation, the use of blockchain and distributed ledger technology, and the possible development of a US Central Bank Digital Currency. In doing so, the working group will strive to protects consumers and investors while promoting greater financial inclusion.