Lawmakers push for clearer crypto regulations in US and UK.

Members of the US House Financial Services Committee discussed a proposed framework for regulating digital assets, with some invoking recent legal action from the SEC against crypto firms. Ranking member Maxine Waters expressed concern that the proposed framework could reward bad actors with a "get out of jail free" card and allow them to continue harming consumers and investors. The draft bill introduced on June 2 would prohibit the SEC from denying digital asset trading platforms from registering as a regulated alternative trading system and allow such firms to offer "digital commodities and payment stablecoins."