Impending Crypto Legislation Could Bring July Volatility

The Bitcoin price continues to find buyers above $30,000, albeit amidst relatively flat market movements. After big rises, the ensuing horizontal movement often gives birth to higher volatility movements. We’ll see what happens in the coming hours. Meanwhile, July will be a busy month for cryptocurrencies. Crypto Law in the Pipeline Securities and Exchange Commission Chairman Gary Gensler and Treasury Secretary Janet Yellen have been summoned to provide their analyses on the Republican-led digital asset market bill, which will be put to a committee vote in the coming weeks. Maxine Waters, the leading Democratic member of the House Financial Services Committee, asked both in a letter to share their thoughts on the Digital Asset Market Structure Discussion Draft. Waters is open to suggestions or amendments to existing law that will protect investors in the digital asset space. The bill, proposed by House Financial Services Committee Chairman Patrick McHenry and House […] The post Impending Crypto Legislation Could Bring July Volatility appeared first on COINTURK NEWS.