Sen. Bill Hagerty, a member of the Senate Banking Committee from the Republican party, advocates for a more comprehensive examination of the relationship between the securities regulator and the digital assets sector.
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Congress latest news, image, analysis about Congress Sen. Bill Hagerty, a member of the Senate Banking Committee from the Republican party, advocates for a more comprehensive examination of the relationship between the securities regulator and the digital assets sector.
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Similar to the challenges faced by Facebook's unsuccessful Libra initiative, PYUSD is encountering resistance in Washington. However, Michael J. Casey expresses greater optimism about its potential outcomes.
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Armstrong will have a private meeting with members of Congress from the New Democrat Coalition.
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According to Jason Gottlieb, a partner at Morrison Cohen LLP, the 'major questions doctrine' of the Supreme Court could serve as a means of restricting the regulatory actions taken against cryptocurrencies.
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A Subcommittee chairman reached out to the CEO of Binance US and asked for a number of documents. This was done to help review the steps taken to protect investors.
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If the SEC and CFTC are unable to resolve the matter amicably, the U.S. Congress will have to intervene to decide who gets to claim the title of 'best crypto regulation'.
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Allowing a competitive currency market to emerge would strengthen the dollar now while also ensuring its future role as the world's reserve currency.
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