The U.S. House Financial Services Committee is preparing to embark on an extensive series of hearings throughout September, delving into multifaceted aspects of the cryptocurrency sector. These forthcoming sessions will scrutinize decentralized finance (DeFi), the Securities and Exchange Commission’s (SEC) regulatory oversight of digital assets, and the ramifications of “pig butchering” scams, according to an insider familiar with the plans.

The committee, responsible for overseeing U.S. securities and most financial products, is set to unveil a calendar brimming with cryptocurrency-related topics. Chairman Rep. Patrick McHenry (R-N.C.), who will retire at year’s end, has earmarked the development of specialized federal regulations for cryptocurrencies as one of his final legislative priorities.

The first session, scheduled for September 10, will focus on DeFi—a sector that has predominantly attracted regulatory scrutiny. This subcommittee hearing will explore the impact of various proposed regulations from federal agencies such as the SEC and the Internal Revenue Service (IRS), which could significantly affect the future of DeFi projects.

On September 18, the committee will host two hearings: the morning session will address the SEC’s enforcement practices, while the afternoon will be dedicated to investigating the deceptive “pig butchering” scams, where perpetrators exploit romantic relationships to defraud victims of their assets.

Also, read – Bitcoin Mining Industry Enters Aggressive Consolidation Phase Amid Strategic M&A Activity

The most anticipated session may occur on September 23, when the full committee convenes to hear from the SEC. This hearing is expected to be particularly notable as it may include testimony from SEC Chair Gary Gensler and the other four commissioners, a rare and potentially unprecedented arrangement. This session comes at a pivotal moment, as lawmakers are also deliberating legislation that could reshape the agency’s authority over digital assets, potentially elevating the Commodity Futures Trading Commission (CFTC) to a more central role.

Despite ongoing debates and uncertainty surrounding cryptocurrency legislation this year, the legislative calendar still allows for discussions on relevant bills. High-profile lawmakers, including Senate Majority Leader Chuck Schumer (D-N.Y.), have expressed intentions to advance crypto-related legislation.

A request for comment on the committee’s schedule from a spokesperson for Chairman McHenry did not receive an immediate response.