US lawmakers push for clearer regulations on digital assets and crypto compliance.
TL;DR Summary
Leading Democrats in the House of Representatives have expressed support for Gary Gensler's crackdown on the cryptocurrency industry and urged crypto companies to comply with existing laws. While some Democrats remain friendly to the industry, others have criticized Republican and crypto-industry efforts to create a bespoke regulatory framework for digital assets, arguing that the existing framework is sufficient. Despite this, there is still hope for bipartisan legislation.
Topics:business#bipartisan-legislation#crypto-companies#cryptocurrency-regulation#democrats#gensler#regulatory-framework
- Key Democrats back Gensler crackdown, tell crypto companies 'comply with the law of the land' MarketWatch
- Former CFTC Chair Massad Also Can't Say if ETH Is a Security Blockworks
- McHenry, Thompson, Hill, Johnson Statement on Joint Efforts to Create Clear Rules of the Road for Digital Assets House Financial Services Committee
- US House committees hear similar testimonies in simultaneous hearings on digital assets Cointelegraph
- As US House Efforts to Push Crypto Oversight Ramp Up, EU Move in Cards? Blockworks
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