US lawmakers invoke FTX and spar on direction of crypto bills By Cointelegraph
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Members of the United States House Financial Services Committee seem to be divided on the best legislative path forward dealing with regulatory clarity for crypto and blockchain technology.
In a July 26 markup hearing, the committee had several bills on its agenda, including the Financial Innovation and Technology for the 21st Century Act, Blockchain Regulatory Certainty Act, and Financial Technology Protection Act of 2023 — all directly related to addressing the regulation of cryptocurrencies. Many lawmakers supported the first bill, claiming it would help address another failure like the collapse of the FTX exchange, while others criticized the measure as favoring crypto firms over consumers.
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© Reuters.
Members of the United States House Financial Services Committee seem to be divided on the best legislative path forward dealing with regulatory clarity for crypto and blockchain technology.
In a July 26 markup hearing, the committee had several bills on its agenda, including the Financial Innovation and Technology for the 21st Century Act, Blockchain Regulatory Certainty Act, and Financial Technology Protection Act of 2023 — all directly related to addressing the regulation of cryptocurrencies. Many lawmakers supported the first bill, claiming it would help address another failure like the collapse of the FTX exchange, while others criticized the measure as favoring crypto firms over consumers.
Continue Reading on Coin Telegraph
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