US and EU Governments Increase Efforts to Regulate Cryptocurrency

The US House Financial Services Committee and House Agriculture Committee will draft legislation to oversee the crypto sector in the next two months after holding joint public hearings starting May, according to Rep. Patrick McHenry. The bill will address both securities and commodities regimes and issues that are hard to fix on either side. Sen. Cynthia Lummis said she looked forward to coordinating those efforts with McHenry, adding that the House had a better chance than the Senate at getting legislation through earlier.