US Congress Accelerates Crypto Regulations Amid Market Chaos

The cryptocurrency markets have not yet been regulated in the US, and regulators are attempting to discipline the industry through sanctions. The House of Representatives believes that this process is not going smoothly and is speeding up its work on cryptocurrency regulations. According to today’s announcements, voting on the proposal may start within a few weeks. US Cryptocurrency Law The Chairman of the House Financial Services Committee, Patrick McHenry, stated that he expects to present a bill for the panel’s review after the lawmakers return to their duties on July 11. In today’s hearing, many names including Emin Gün Sirer discussed the benefits of crypto for the US. They also mentioned the blow that regulatory uncertainty has dealt to the sector. Committee Chairman McHenry said, “I plan for this committee to evaluate some form of this legislation when we return from the 4th of July holiday.” McHenry is leading the […] The post US Congress Accelerates Crypto Regulations Amid Market Chaos appeared first on COINTURK NEWS.