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.
Reps. French Hill and Dusty Johnson wrote that it appears the regulator deliberately timed their actions to overshadow and weaken the Congressional efforts.
Several House committees with jurisdiction over the matter convened to deliberate on how to proceed with crafting legislation regarding cryptocurrencies. However, a prominent Democrat among them expressed reservations about the need for specialized regulatory measures for the crypto industry.
Jim Chalmers, the Treasurer of Australia, promised that his country's administration of cryptocurrency assets will be improved, and that customers would be better protected.