Crypto Industry Representatives Testify Before Congress
Representatives of the crypto industry testify to the congress
For a technology with ambitions to accelerate the work of the economic infrastructure in the United States, cryptocoirs have made extremely slow progress in legislation for the amended legislation.
While he asked the Congress to set up a single uniform framework for regulations, the representatives of the cryptocurrency also asked the legislative body to formulate laws that are separated from the existing framework to ensure that innovation lives in the cryptoco system.asked almost forty legislative questions about various aspects of various aspects of crypto sects.
- During his progress before the congress, representatives of the cryptocurrency industry were led by a federal supervisory authority to review a wide range of questions asked by congress representatives, evidence that could have cryptocurrencies on the economic ecosystem..
Another Attempt To Understand Cryptocoral Courses
Yesterday was another attempt by the supervisory authorities to understand an asset class that became increasingly popular during the pandemy closure.
Crypto, once an object of cartoons and an inland water in the economic ecosystem, has grown into status and relevance since March 2020.Hungring the return in the region for low interest rates to use the volatility. Boide contributed to the overall market value of more than two trillion US dollars of around two hundred and twenty-five billion US dollars in the days shortly before the government was completedsend.
The opinions of the congress representatives in the Activa class have also been given a deep skeptical acquisition in a more nuanced one in which the legislative body recognizes the potential of the industry to increase the economic ecosystem. I am very impressed.Session of Reg.R-Texas) testifies yesterday's hearing.
Questions of the supervisory authorities during the consultation aimed at the use of cryptocurrency within the existing financial framework.sume and rep.gelandmory Meeks (D-NY) wanted to carry out updates about the potential for cryptocurrency in order to serve as a help for economic inclusion due to minority insolations.Rep.alexandra Ocasio-Cortez (D-N.Y) Curious about the role of stable coins in the crypto ecosystem.
Others were more concerned about their influence on the US dollar as a reserve currency and the economic policy of the Federal Reserve. As an answer to a question by Rep.blaine Luetkemeyer (R-Mo) Wiesen Brian Brooks, CEO of the Bitcoin mining company Bitfury, at the caseOn the influence of other global currencies and said an Internet that has activated the American dollar, you will be able to compete with others on the basis of functions and tools. He also said that access to a competitive digital currencythe Fed in the US dollar in the US dollar.
Stablecoins, perhaps the fastest growing type of cryptocursions, was also an outstanding topic during the hearing yesterday.But not uniform. I think there are a number of challenges in the report, he said and asked for more clarity in form as a federal status for stablecoin that will spend the department.
During his progress before the congress, representatives of the cryptocurrency industry were led by a federal supervisory authority to review a wide range of questions asked by congress representatives, evidence that could have cryptocurrencies on the economic ecosystem.
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