A suite of crypto legislation passed the House Financial Services Committee this week | Headlines | News | CoinMarketCap
07/29/2023 15:11
On July 27, the House Financial Services Committee advanced seven pieces of legislation concerning critical issues in digital asset regulation. They …
On July 27, the House Financial Services Committee advanced seven pieces of legislation concerning critical issues in digital asset regulation. They will now proceed to a full vote in the House.
A Republican-led effort, the bill’s progression is a significant legislative moment for cryptocurrency regulations. Opposition remains, however, from Democrats on the committee; Representative Maxine Waters, for example, said, “This bill heeds the calls from the crypto industry while disregarding the views of the administration, the Securities and Exchange Commission, and consumer and investor advocates.”
Effects of the legislation
The bills are part of a broader legislative effort to regulate digital …