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Capitol Hill Is In Preparation And Anticipation To Cryptocurrency

Six crypto leaders at a House Financial Services Committee hearing
“Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of Financial Innovation in the United States,”

Of course, where the government should oversee and improve regulation of the industry.

Furthermore, The general idea of the hearing remains positive towards the cryptocurrency industry. Which of course, is a dramatic turnaround from past years. Surprisingly, this isn’t what many are expecting but it clearly shows an evolving side of the benefits of cryptocurrency technology. Also, it shows the fear that the US is lagging behind other countries. Of course, China is recording notable progress towards launching a sovereign digital currency.

More so, some witnesses in the house demand greater regulatory clarity. Particularly, on how token and lending projects are currently under the SEC.

Additionally, the industry’s perspective is in position to dominate the hearing testimony. This is due to no critics of cryptocurrency among the witnesses.

“I found the discussion with the House committee to be by and large productive and helpful…”
“Where we might have expected to see some hostility and grandstanding,..”
“we were actually met with insightful and well-meaning questions and discussion…”
“I’m excited to keep engaging with lawmakers and regulators…”
“to streamline the domestic regulatory landscape.”


Lastly, Samuel Bankman-Fried, Founder and CEO of FTX concludes.

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Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.