Current U.S. law is ill-equipped for the digital asset age, as federal financial agencies remain divided on whether crypto currency is a security or a commodity, lawmakers and lawyers said Wednesday at a joint hearing of U.S. House committees.

“What we decide to do in this Congress will shape whether the digital asset ecosystem has the opportunity to thrive in the United States,” said Rep. French Hill, R-Arkansas, and chair of the House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion.