PANews reported on March 31 that the Digital Assets Subcommittee of the U.S. House of Representatives Financial Services Committee will hold a hearing on April 9 titled "American Innovation and the Future of Digital Assets: Adjusting Securities Laws to the Digital Age" . This is the first public effort by the 119th Congress to develop a federal regulatory framework for the $2.7 trillion crypto industry. The House of Representatives plans to release a revised version of the market structure legislation in the coming weeks and review the STABLE Act, the counterpart to the Senate's GENIUS Act, next week. The Republican leadership is striving to send the stablecoin and market structure bills to President Trump for his signature before the August recess.