According to Odaily Planet Daily, the U.S. House Financial Services Committee is expected to hold a series of crypto hearings next month, focusing mainly on DeFi, the U.S. Securities and Exchange Commission's supervision of digital asset businesses and the problem of "pig killing".

The first hearing on September 10 will focus on DeFi, a hearing on SEC enforcement and the "pig killing" scam will be held on September 18, and the full committee hearing on September 23 will involve testimony from the SEC and is expected to focus on the regulation of digital assets.

Committee Chairman Patrick McHenry, who is retiring soon, has said he hopes to have a cryptocurrency legislation completed by the end of the year.