US lawmakers push for clearer regulations on digital assets and crypto compliance.
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.